CMA RAVI GUPTA (MT in VPL) (493 Points)
17 December 2009The total income of Mrs. Z computed for the A.Y. 2009-10 is Rs. 2,00,000 which includes the following:
Long Term Capital Gain 30,000
Winning from Lottries 20,000
Short Capital Gain u/s 111A 10,000
Agriculture income earned by her was Rs. 50000.Compute the tax payable by Mrs. Z?
CA Daksh Dawar
(Chartered accountant )
(80 Points)
Replied 17 December 2009
Tell the assessment Year
MUTHUSAMY
(CA FINAL & ACS FINAL)
(253 Points)
Replied 21 December 2009
See the attachment
CMA RAVI GUPTA
(MT in VPL)
(493 Points)
Replied 21 December 2009
muthuswamy according to u NO TAX on LTCG u/s 112 and no tax on STCG u/s 111A.ANd u did not use agricultute income in calculation of tax...............thanxxxx yaar
CAclubindia
