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Friday, March 01, 2013

Dibrugarh university - Direct tax law 2010 (Solved)


Computation of total income of Mr. R for the assessment year 2009 - 2010
Particulars
Resident and Ordinarily Resident
Not ordinarily resident
Non-resident in BHARAT
a.      Rent from a property in Delhi received in USA
b.      Income from a business in USA controlled from Delhi
c.       Income from a business in Bangalore controlled from USA
d.      Rent from property in USA received there but subsequently remitted to BHARAT
e.      Interest on deposits from an BHARATIYA company received in USA
f.       Profits for the year 2007-08 of a business in USA remitted to BHARAT during the previous year 2008 (not taxed earlier)
g.      Gifts received from his parents
80000
120000
180000
60000
20000

Exempted
Exempted
80000
120000
180000
Nil
20000

Exempted
Exempted
80000
Nil
180000
Nil
20000

Exempted
Exempted
Total income



Note: a) Income remitted to BHARAT is not an income received in BHARAT. b) Gifts from relative upto Rs. 50000 is exempted.