Mr. Rohan Mehta, aged 49 years, is a non-resident and a person of Indian origin during the Previous Year 2025-26. He furnishes the following details…

CA Final · Direct Tax Laws and International Taxation · MTP · May 2026
Mr. Rohan Mehta, aged 49 years, is a non-resident and a person of Indian origin during the Previous Year 2025-26. He furnishes the following details of income earned in India: He sold listed equity shares of B Ltd., an Indian company, on 31-05-2025 for 6,00,000. These shares were acquired on 01-06-2021 for 1,10,000 in convertible foreign exchange. Expenses incurred in connection with transfer amounted to 50,000.He earned interest on Government securities (acquired in convertible foreign exchange) of 81,000 (net of TDS).He earned interest on deposits with public limited companies of 3,25,000 (gross). Expenses of 7,500 were incurred for earning this income. These deposits were also made in convertible foreign exchange.He also earned interest on deposits with private limited companies of 5,55,000. These deposits were made when he was resident in India out of taxable income.On 11-11-2025, he made a fresh investment of 2,20,000 in shares of an Indian public limited company. He opted out of the default tax regime under section 115BAC(1A). TDS has been deducted wherever applicable. Ignore interest under sections 234A, 234B and 234C and ignore the first proviso to section 48. Based on the above facts, choose the most appropriate answer to Q.6 to Q.8 below:
(A) ₹ 4,40,000
(B) ₹ 2,78,667
(C) ₹ 2,64,000
(D) ₹ 3,10,333

Suggested Answer and Working Notes:

Correct Answer: Option (C)

₹ 2,64,000

Topics: Double Taxation Relief, Non-Resident Taxation

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