Question
Mr. A (age 45) has income from business ₹8,00,000 and capital gains (LTC
- G ₹1,50,000. What is his tax liability? (Assume no deductions)
More Taxation Related Questions
- Donations made to which of the following funds qualify for a 100% tax deduction without any qualifying limit restriction?
- Deduction under Section 80C is available up to:
- Company turnover ₹20Cr, taxable income ₹2Cr. MAT liability? (MAT rate 15%)
- A registered dealer sells goods worth ₹5,00,000 with GST @18%. He has input tax credit (ITC) of ₹70,000. What is his net GST payable in cash?
- NPV assumes reinvestment of the cash flows at:
- To be classified as a Miniratna Category-I CPSE, what pre-tax profit threshold must the entity achieve in at least one of the last 3 years?
- Residential Status of a Person is determined for
- What is the simple interest rate levied for delay in deducting TDS (i.e., from the date tax was deductible to the date it is actually deducted)?
- Which guidelines govern the authority of CPSE Boards to recommend and execute divestments or entity closures after obtaining requisite approvals?
- Salary received by the Partner of a Firm is charged under the head
Relevant for Exams:
Hey! Ask a query
Please enter email id
The email must be a valid email address.
Please enter Mobile Number
Please enter valid Mobile Number
Please enter your Doubt
Think You're Ready for RBI Grade B?
RBI Grade B 2026 Phase 1 Memory Based Paper
- 200 Questions with Detailed Solutions
- Section-wise Coverage (GA, English, Quant & Reasoning)