Friday, 10 May 2013

Q.2.A (MAY-2013-IPCC-Taxation)(8 marks)


Q.2.A (MAY-2013-IPCC-Taxation)(8 marks)
For Devesh & Siddhant
AY 2013-14
Particulars
Devesh
Siddhant
Residential Status
NR
ROR
Interest on American development Bond, 505 received In India
23000
18000
Dividend from Japanese Company Received In America
10000
15000
Profit from Sale of Shares of an Indian Co received In India
45000
75000
Profit From a Business in Mumbai But Managed from America
10000
-
Income From Business in Mumbai
32000
28000
Fess for technical Services rendered in America received in America the services utilised in India
150000
-
Interest on Saving Bank Account
4500
12000
Rent received in respect of House property
96000
55000
GrossTotal income
370500
203000
Less: - Deduction u/s 80C
-
25000
Total Income
370500
178000

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