Business Studies, asked by MilanMaghodiya, 5 hours ago

X (age: 37 years) is employed by an Indian company in Bombay. During the previous year 2020-21, he is posted
in the London branch of the company for 4 months (i.e., June 2020 to September 2020). Determine the taxable income and tax liability
for the assessment year 2021-22 with the following data (ignore section 115BAC)
R.
1,24,000
Salary of 8 months of service in Bombay
Salary of 4 months of service in London (salary of June-August 2020 is paid in London, whereas salary of
September 2020 is paid in Bonubay)
House rent allowance of 8 months paid in Bombay (rent paid : Rs. 10,000 * 8)
Employer's contribution towards recognised provident fund 4120
X's contribution towards recognised provident fund
Conveyance facility in London (50% of which is attributable towards use of car by X and his family members)
Payment of insurance premium on own life policy since 2008 (sum assured : Rs. 1,00,000)
Income of X from other sources in India
3,05,710
From 2010-11 to 2019-20, he was posted in the London branch of the company. On March 10, 2021, the employer sells an air.
conditioning system for Rs. 10,500 (it was purchased by the company for business purposes on April 10, 2018 for Rs. 60,500).​

Answers

Answered by rintudas815
0

Answer:

4678757689855689688_-+++-&-++&_&-+--++++&-++

Similar questions