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Friday, March 01, 2013

Dibrugarh university - Direct tax Law 2012 (Solved)


Computation of total income of Mr. X for the assessment year 2012 - 2013
Particulars
Resident and Ordinarily Resident
Not ordinarily resident
Non-resident in BHARAT
a.      Salary income received in BHARAT for services rendered in hong kong 
b.      Income from profession in BHARAT but received in germany
(Since it is controlled in BHARAT)
c.       Property income in uganda (Out of which 240000 was remitted to BHARAT)
d.      Profit earned form a business in bangalore
e.      Agricultural income in kenya
f.       Profits from a business carried on in nepal but controlled from BHARAT
390000
360000

500000
150000
160000
230000
390000
360000

Nil
150000
Nil
230000
390000
Nil

Nil
150000
Nil
Nil
Total income
1790000
1030000
540000
Note: a) Income remitted to BHARAT is not an income received in BHARAT. b) Agriculture income in kenya is fully taxable in case of ordinarily resident in BHARAT9