Ravi, an Indian resident, bought an overseas tour package from Kartik, also a resident Indian and a seller of overseas tour programmes, and paid 7…
CA Intermediate · Taxation · PYQS · September 2025
Ravi, an Indian resident, bought an overseas tour package from Kartik, also a resident Indian and a seller of overseas tour programmes, and paid 7 lakhs as cost. He also remitted 12 lakhs to USA under Liberalised Remittance Scheme of RBI for the purpose of investment in USA share market via Jones, a resident authorized dealer. What shall be the aggregate amount of tax to be collected at sources from the remittances/payments made by Ravi?
Suggested Answer and Working Notes:
Correct Answer: Option (B)
₹ 1,35,000
Topics: Paper 3B: Goods and Services Tax
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