Tax Book 2023

Chapter 21 ___Solved Past Papers Income Tax Numericals of CA Module C - (2001 to 2022)

1,005,000

1,064,538

2,069,538

46,875

32,143

2,148,556

(2,000,000)

(64,286)

Tax on Rs. 6,000,000

NTR-Income

Tax deducted on dividend @ 30%

Tax on exceeding amount [(9,275,500-6,000,000) x 32.5%]

Holding period is more than twelve months but less than 24 months (Rs. 375,000 x

12.5%) - purchased on or before 1st July, 2022

Dividend - FTR income (Rs. 214,286 @ 15%)

Less: Tax deducted by ZTL

Tax payable

Capital Gain - Separate block income

Conceptual Approach to Taxes ___ 503

(64,286)

84,270

90,000

174,270

Tax deducted on dividend @ 30%

Add: Reversal of tax credit previously allowed, now added back

Balance Tax payable

Net tax payable

Conceptual Approach to Taxes ___ 503