Attempt MCQs Based on CA Intermediate Income Tax Laws Case Scenario 1
Mr. Shashikant, aged 35 years, is an Indian citizen and a member of the crew of a Singapore bound Indian ship engaged in carriage of passengers in international traffic departing from Chennai port on 29th May, 2020.
|Date entered into the Continuous Discharge Certificate in respect of joining the ship by Mr. Shashikant||29th May, 2020|
|Date entered into the Continuous Discharge Certificate in respect of signing off the ship by Mr. Shashikant||19th December, 2020|
He stayed in India in the last 4 previous years preceding the P.Y. 2020-21 for 400 days and for a period of 750 days in the last 7 previous years preceding to P.Y. 2020-21. He received salary of Rs 7,20,000 in his NRE account maintained with State Bank of India, Chennai Branch.
He also furnished details of other income earned during the previous year 2020-21:
|S.no||Particulars||Amount (Rs )|
|1.||Dividend declared and received in the month of April, 2020 from X limited, an Indian company||90,000|
|2.||Agriculture income from land in Pakistan received in India||2,50,000|
|3.||Rental income from house property in Chennai||3,60,000|