
Dear Professional Seniors & Friends,
Warm Greeting!
Here is the Next post of #MCQ on concept based practical professional knowledge on Taxability in case of long term capital gain in a unique manner to be self answered by participants. The detailed answer of these MCQs shall be posted next day for the self assessment of the participants.
MCQ 67.1: Mr. X, a non resident has total income of Rs 5,00,000, out of which Long term capital gain of Rs 4,00,000. Tax Rate applicable to him will be –
A) Total Rs 5,00,000 shall be tax at slab rates.
B) Rs 2,50,000 shall be tax at slab rates.
C) Rs 2,50,000 shall be tax at flat rates.
D) Rs 4,00,000 shall be tax at flat rates.
MCQ 67.2: What if in above question, Mr. X is a resident person?
A) Total Rs 5,00,000 shall be tax at slab rates.
B) Rs 2,50,000 shall be tax at slab rates.
C) Rs 2,50,000 shall be tax at flat rates.
D) Rs 4,00,000 shall be tax at flat rates.
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CA Sanjay Kumar Agrawal
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Dear Professional Seniors & Friends,
Warm Greetings!
This post of MCQ is on concept relating to taxability of long term capital gains when the person is non resident.
Answer to MCQ 67.1: D) Rs 4,00,000 shall be tax at flat rates.
Answer to MCQ 67.2: C) Rs 2,50,000 shall be tax at flat rates.
Practical Analysis for MCQ 67.1& 67.2:-
(Disclaimer: The objective of the MCQ post is just to discuss the concept, it may happen, by change of facts, the answer may be different. Please do not treat this as professional opinion; you can definitely have your own opinion.)
Sincere Regards!
CA Sanjay Kumar Agrawal
Mobile: 9810116321
To access MCQ posts regularly, please Join Telegram Channel:
https://t.me/caSanjayKumarAgrawal
For All MCQ post please click on:
Webpage: http://www.casanjay.me/
Facebook: https://www.facebook.com/CA.Sanjay.K.Agrawal/
Linkedin: https://www.linkedin.com/in/ca-sanjay-kumar-agrawal/
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