Mr. X, aged 61 years, earned dividend of 12,00,000 from ABC Ltd. in P.Y. 2024-25. Interest on loan taken for the purpose of investment in ABC Ltd.,…
CA Intermediate · Taxation · MTP · January 2026
Mr. X, aged 61 years, earned dividend of 12,00,000 from ABC Ltd. in P.Y. 2024-25. Interest on loan taken for the purpose of investment in ABC Ltd., is 3,00,000. Income included in the hands of Mr. X for P.Y. 2024-25 would be -
Suggested Answer and Working Notes:
Correct Answer: Option (B)
₹ 9,60,000
Topics: Paper 3B: Goods and Services Tax
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