Question

The Karta of a Hindu undivided family is Surya
Mohan. The two brothers Vishnu Mohan and
Chandra Mohan are the other members of the family.
The particulars of income of the family and its
members for the assessment year 2020-21 are as
under:
(1) Profit from business of the family * 3,60,000
after deduction of 18,000 per month paid to
Vishnu Mohan as salary for working as
salesman
(2) 75,000 have been invested in a firm out of
family funds in the name of Chandra Mohan and
Chandra Mohan's share in the firms profit for the
financial year 2019-20 is 1,50,000.
(3) Vishnu Mohan received 60,000 as rent during
the year from his own property while Chandra
Mohan has no other income.
Compute the total income of the family for the
assessment year 2020-21. Also find out, the tax
payable by the family.
​

Answer 1

Answer:

C. Vishnu received 60,000,and chandra no income. Answer (c)