Question

following are the income of mr.grafame for the previous year calculate taxable income on the assumption that he is (a) ordinary resident (b)not ordinary resident and (c) non-resident

(1) profit from business carried from hyderabad Rs.50,000

(2)income accrued in India but received in Hong Kong Rs.75,000

(3)past untaxed income brought into India during this previous year Rs.42,000

(4) income from house property situated in srilanka Rs.48,000

(5) income from agriculture on USA Rs.1,00,000
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Answer 1

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