Mrs. S has invested Rs. 5,00,000 in firm. As on 1/4/2018, out of total investment of Rs. 5,00,000, Rs. 3,00,000 is on account of money given by her husband. During the AY 2019-20, she earned interest of Rs. 50,000 & profit of NIL from the firm. Out of this amount taxable for Mr. P should be (a) Nil, Rs. 30,000 (b) Rs. 30,000, Nil (c) Nil, Nil (d) Rs. 30,000, Rs. 30,000
Please explain
b) Rs. 30,000/-; Nil
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