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72. Mr. Nekinsaan, aged 43 years, provides following income details for P.Y. 2020-21 as follows: Particulars Capital Gains under section 112A Capital Gains under section 111A Other Income in lakhs 120 110 520 What shall be the tax liability of Mr. Nekinsaan as per regular provisions of the Income-tax Act, 1961 for A.Y. 2021-22?

72. Mr. Nekinsaan, aged 43 years, provides following income details for P.Y. 2020-21 as follows: Particulars Capital Gains under section 112A Capital Gains under section 111A Other Income in lakhs 120 110 520 What shall be the tax liability of Mr. Nekinsaan as per regular provisions of the Income-tax Act, 1961 for A.Y. 2021-22?

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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72. Mr. Nekinsaan, aged 43 years, provides following income details for P.Y. 2020-21 as follows: Particulars Capital Gains under section 112A Capital Gains under section 111A Other Income in lakhs 120 110 520 What shall be the tax liability of Mr. Nekinsaan as per regular provisions of the Income-tax Act, 1961 for A.Y. 2021-22?
Transcribed Image Text:72. Mr. Nekinsaan, aged 43 years, provides following income details for P.Y. 2020-21 as follows: Particulars Capital Gains under section 112A Capital Gains under section 111A Other Income in lakhs 120 110 520 What shall be the tax liability of Mr. Nekinsaan as per regular provisions of the Income-tax Act, 1961 for A.Y. 2021-22?
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