Amarnath, is 61 years old man, has earned business income (computed) of Rs 2,50,000, Dividend income of Rs 1,20,000 during the P.Y. 2021-22. He also has interest on Fixed Deposit of Rs 60,000 with banks. He invested an amount of Rs 1,90,000 in Public Provident Fund account. What is the total income of Mr. A for the A.Y. 2022-23, assuming that he does not opt for section 115BAC?

Amarnath, is 61 years old man, has earned business income (computed) of Rs 2,50,000, Dividend income of Rs 1,20,000 during the P.Y. 2021-22. He also has interest on Fixed Deposit of Rs 60,000 with banks. He invested an amount of Rs 1,90,000 in Public Provident Fund account. What is the total income of Mr. A for the A.Y. 2022-23, assuming that he does not opt for section 115BAC?

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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