Question

Residence and Tax Liability/89
PPP-13
The following are the particulars of Mr. Sumeet Maheswari's income
during the previous year 2018-19 -
1. Agricultural Income in Kanpur, India.
2. Income from business in Chennai, the business is managed
23,000
from London.
3,30,000
Income from electronics industry in Japan, its head office is
situated in Japan, out of this income 50,000 are brought
in India.
1,50,000
4. Income from business in Iran ( 35,000, the income from
a business which is controlled from India is included.)
80,000
5. Income from agricultural land in Ceylon and deposited in a
bank there.
50,000
6. Sudhir who is a non-resident paid interest on loan provided
to him for a business carried on in India.
28,000
Compute his taxable income for the assessment year 2019-20 if he is -
(i) Ordinarily resident, (ii) Not-ordinarily resident, (iii) Non-resident.
Ans. : (i) Ordinarily resident 6,38,000; (ii) Not ordinarily resident
3,93,000; (iii) Non-resident 3,58,000.​

Answer 1

Answer:

40,000

Explanation:

bc yk how the liabill=