Correct Answer
✅ Option A — ₹ 1,30,940
All Options:
- A₹ 1,30,940 ✓
- B₹ 44,670
- C₹ 1,76,180
- D₹ 1,02,340 (2 Marks) Case Scenario - II Mr. Satya (aged 59 years) is a resident Indian, opting for optional tax regime of the Income-tax Act, 1961 and provides following information for the A.Y.2025-26: (i) Profit from specified business (eligible for deduction u/s 35AD) is ₹ 6,00,000. (ii) Loss from trading of equity shares of ₹ 50,000 and from trading of commodity derivatives of ₹ 75,000. (iii) Taken loan of ₹ 40 lakh from State Bank of India for purchasing a house of stamp duty value of ₹ 42 lakh in January 2022. He has let out this house in February 2024 for rent of ₹ 15,000 per month. He has paid ₹ 1,60,000 against principal and ₹ 4,40,000 against interest during the previous year 2024-25. (iv) Loss from betting on horse races ₹ 25,000. Based on the above information, answer the following MCQ No. 4 to 6 for the assessment year 2025-26.
Detailed Solution & Explanation
More Questions from Taxation - Income Tax
On solving the inequalities $5x + y 100x + y 60x 0y 0$, we get the following solution:
An employer recruits experienced and fresh workmen for his under the condition that he cannot employ more than $11xy$ can be related by the inequality.
The solution set of the equations and $2x - 6 > 0$ is
On solving the inequalities; we get $6x + y 18x + 4y 12 …" style="color:#cc0000">\displaystyle , $2x + y 10
Solve for of the inequalities where
The common region in the graph of the inequalities
Ready to Master Taxation - Income Tax?
Practice all 146 questions with instant feedback, earn XP, track your streaks, and ace your CA Foundation exam.
Start Practicing — It's Free