Mr. Raman, a resident during the financial year 2024-25 in addition to Income under the Head "Salaries" of 20 Lakhs and Income from other sources of…
CA Final · Direct Tax Laws and International Taxation · PYQS · January 2026
Mr. Raman, a resident during the financial year 2024-25 in addition to Income under the Head "Salaries" of 20 Lakhs and Income from other sources of 70,000/- has earned the following income- Profit of 3,50,000 (Sale price - Cost Price) on sale of crypto currency-held for 36 monthsLoss of 20,000 on sale (Cost Price - Sale Price) of crypto currency held for 13 monthsGift of virtual digital asset by a friend - FMV - 1,00,000/-Short-term capital gain of 40,000/- on sale of listed equity shares (STT paid) on 1.07.2024 Tax payable by Mr. Raman for the AY 2025-26 (Excluding Cess and Surcharge) in respect of profit from sale of crypto currency, VDU² received in gift and Short-term capital gain works out to -
Suggested Answer and Working Notes:
Correct Answer: Option (A)
₹ 1,41,000
Topics: Double Taxation Relief, Capital Gains, Non-Resident Taxation
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