Ms. Ridhima (age 32 years), an interior decorator, has professional receipts of 25,60,000 for the previous year 2024-25. She also earned - 1,25,000…

CA Intermediate · Taxation · MTP · May 2025
Ms. Ridhima (age 32 years), an interior decorator, has professional receipts of 25,60,000 for the previous year 2024-25. She also earned - 1,25,000 as dividend and - 4,65,000 as interest income on fixed deposits. She incurred expenses of 13,00,000 for her profession and - 30,000 as interest on loan for making investment in shares on which she received dividend. What would be her total income for the A.Y. 2025-26, assuming that she wishes to make maximum tax savings without getting her books of account audited?
(A) ₹ 18,45,000
(B) ₹ 18,70,000
(C) ₹ 18,40,000
(D) ₹ 18,25,000

Suggested Answer and Working Notes:

Correct Answer: Option (A)

₹ 18,45,000

Topics: Paper 3B: Goods and Services Tax, Paper 3A: Income Tax Laws

Open in Interactive Practice Hub · Full Practice Hub · Chapter Weightage · More in this subject

Related Questions in this Topic