Question

9.
Ratan Lal, aged 55 years, resident in India
having during the previous year 2019-20
income of winnings from races: 20,000
(expenditure incurred : 200), Short Term
Capital Gain : 1,75,000 (applicable STT
paid) Interest on Bank Fixed Deposits :
2,31,000 and had made contribution in
public provident fund: * 1,14,000. Total
income of Ratan Lal for assessment year
2020-21 shall be
(A) Rs4,26,000

(B) Rs 3,12,000
(C) Rs 3,02,000
(D) Rs 2,62,000

Answer 1

Answer:

(C) Rs 3,02,000 is the answer.