Mr. Rakesh gifted - 6,00,000 to his daughter-in-law, Sudha. She invested - 3,00,000 in shares in April 2024. She started a business in May 2024 with…
CA Intermediate · Taxation · MTP · September 2025
Mr. Rakesh gifted - 6,00,000 to his daughter-in-law, Sudha. She invested - 3,00,000 in shares in April 2024. She started a business in May 2024 with - 5,00,000 (₹ 3,00,000 received from Mr. Rakesh and - 2,00,000 from her own savings). During the previous year 2024-25, Sudha has earned the following income: Business income:90,000Dividend from shares:18,000 What is the total income of Sudha for the A.Y. 2025-26?
Suggested Answer and Working Notes:
Correct Answer: Option (D)
₹ 36,000
Topics: Paper 3A: Income Tax Laws
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