From the following information, furnished by Ms. Anucampa pertaining to the financial year ended as on 31st march 2022,Short term capital gains on sale of shares in an Indian company received in Japan - 10000Dividend from a Chinese company received in China - 3000Agricultural income from land in Madhya Pradesh - 5000Dividend from PJV Ltd an Indian Company- 4745Gross Rent from a residential property located at Singapore, later on remitted to the saving account in Bank of Maharashtra, Mumbai using the approved channels - 600000 Compute the total income and give reason for considering/ not considering these specificitems for the relevant assessment year 2022-23, if she isa. Resident and ordinary residentb. Non resident 1) please first tell the formula and understanding of the question2) second what are the steps to be followed to get the answer3) please write the answer in 3 option and what can we clarify from thisoption 1,2 and 3 is to be followed in A and B both

It is given that the information of ended year 31 Mar, 2022 as.

Answered: Madhya Pradesh - 5000 Dividend from PJV…

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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From the following information, furnished by Ms. Anucampa pertaining to the financial year ended as on 31st march 2022,

Short term capital gains on sale of shares in an Indian company received in Japan - 10000
Dividend from a Chinese company received in China - 3000
Agricultural income from land in Madhya Pradesh - 5000
Dividend from PJV Ltd an Indian Company- 4745
Gross Rent from a residential property located at Singapore, later on remitted to the saving account in Bank of Maharashtra, Mumbai using the approved channels - 600000

Compute the total income and give reason for considering/ not considering these specific

items for the relevant assessment year 2022-23, if she is

a. Resident and ordinary resident

b. Non resident

1) please first tell the formula and understanding of the question

2) second what are the steps to be followed to get the answer

3) please write the answer in 3 option and what can we clarify from this

option 1,2 and 3 is to be followed in A and B both

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