AGRICULTURAL INCOME |
Question 1 (ID 01)
X Ltd. grows sugarcane to manufacture sugar. Data is as follows
| Rs. |
Cost of cultivation of sugarcane | 6 |
Market value of sugarcane when sugarcane is transferred to factory | 9 |
Other manufacturing cost | 6 |
Sales turnover of sugar | 22 |
Salary of managing director who looks after agriculture as well as non-agricultural operations of the company | 2 |
You are required to find out the agricultural income of the company.
Question 2 (ID 02)
For the year, net agricultural income of an assessee is Rs. 86,000 and non-agricultural income is Rs. 12,65,000. The taxpayer contributes Rs. 40,000 towards public provident fund. Find out the tax if the taxpayer is:
Mrs. X, an individual (22 years).
A Ltd. an Indian company.
List of Important Question to be glanced for Revision before exam.
Ch-ID | Q-ID | Type of Question | Status |
F22 | 01 | Mix activity | V.Imp |
F22 | 02 | Tax liability |
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Wishing You all the best for exams.