On 18th June, 2024, unexplained money of 30 lakhs u/s 69A was detected of Mr. Mahesh. Expenses of 10 lakhs were incurred to earn the income. He has…
CA Intermediate · Taxation · PYQS · May 2025
On 18th June, 2024, unexplained money of 30 lakhs u/s 69A was detected of Mr. Mahesh. Expenses of 10 lakhs were incurred to earn the income. He has also a brought forward business loss of 4,00,000. Amount of income tax payable by Mr. Mahesh on such income shall be -
Suggested Answer and Working Notes:
Correct Answer: Option (A)
₹ 23,40,000
Topics: Paper 3A: Income Tax Laws
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