RESIDENCE AND TAX LIABILITY (BASIS OF 61
Computation of Income CHARGE)
11. Shri Ramesh has the following
incomes for the Financial Year 2023-24:
(i) Income from house
property
(ii) Income from salary received situated in London 40,000
(iii) Profit from business in in India for services rendered in London (computed) 28,000
London controlled from India
(iv) Proft from Kanpur business 1,20,000
1,10,000
(v) Agricultural income in India
10,000
Compute the Gross Total Income of Shri Ramesh for the
() Ordinarily resident in India; (i) Assessment Year 2024-25, if he i8 :
Ans. (i) 2,98,000; and (ii) R1,38,000. Non-resident. (3.11)
12. Following are the incomes of Mr. Mohan :
(a) Received ? 10,000 in India, which
b) 20,000 earned in India but received accrued in England;
(c) 10,000 were earned and received in Africain England;
but brought to India;
(d) ? 28,000 were earned and received in Japan from a business
managed in Japan and this amount was not brought to India; which was controlled and
(e) 16,000 was an untaxed foreign income of some earlier year, which was
the previous year. brought to India in
Which of the above incomes are taxable, when Mr. Mohan is : (i) Ordinarily resident, (ii)
ordinarily resident, and (ii) Non-resident? Not
(3.12)
Ans. (a) and (b) Taxable in all cases. (c) and (d) Taxable for Ordinarily Resident only. (e) Not
Taxable in any case.
18, Shri Hanuman Prasad has the following incomes for the Previous Year ending on 3lst March,
2024:
1. Income from salary in India from a company (computed) 50,000
2. Dividend (gross) from an Indian Company received in England and spent there 10,000
3. Income from house property in India received in Pakistan 20,000
4. Dividend from a foreign company received in England and deposited in a bank there 10,000
5. Income from business in Kolkata managed from the U.S.A. 20,000
6. Income from a business in the U.S.A. (controlled from Kanpur Head Office) 12,000
7. Income was earned in Australia and received there, but brought into India 25,000
8 His maternal uncle sent a Bank Draft from France as a gift to him on his marriage 20,000
Compute the Gross Total Income, if he is : (i) Ordinarily resident, (ii) Not-ordinarily resident, and
(iü) Non-resident. (3.13)
Ans. Gross Total Income : Ordinarily resident 1,47,000; Not-ordinarily resident 1,12,000; Non
resident 1,00,000.
Notes: 1. Gift on marriage from relative is not taxable income.
2. Dividend received from an Indian company is taxable.
14. Indian citizen Dr. Dinesh (Government employee) has the following incomes for the Previous Year
2023-24:
i) Income from salary received in a foreign country for services rendered in
that country (computed) 50,000
i) Agricultural income from agriculture land situated in Pakistan 20,000
(i) Dividend (gross) by an Indian Company payable outside India 10,000
(iv) Income from transfer of a long-term capital asset situated in India 20,000
(v) Interest earned and received in England from bank deposits there 5,000
Compute the Gross Total Income of Dr. Dinesh for the AsseSSment Year 2024-25, if he is :
) Ordinarily resident, i) Not-ordinarily resident, and (ii) Non-resident. (3.14)
Ans. (i)? 1,05,000; (i) ? 80,000; (iü) ? 80,000.
Note : Dividend received from an Indian company is taxable.
62
INCOME TAX
15. Mr. Prasad has furnished the following Darticulars for the Previous Year 2023-24. Compute ns
gross total income if he is a non-resident :
1. Salary for 3 months received in India (Computed) 9,000
2. Dividends received in Germany from British Companies out of which 3,000
were remitted to India 22,000
3. Income from a business in Pakistan being controlled from India 10,000
4. Interest on Saving Bank Deposits in State Bank of India 1,000
5. Amount brought to India out of past untaxed profit earned in Japan 20,000
6. Income from house property in India (Computed) 3,400
Ans. Gross Total Income 13,400. (3.15)
16. Following are the incomes of Shri Amarnath for the Financial Year 2023-24.
1. Interest on Savings Bank Deposit in Allahabad Bank, Delbi 1,200
in Nepal
2. Income from agriculture in Africa invested
Dividends received in the U.K. from an American Comnpany, out of which R2.000 10,000
India
were remitted to
A Income from salary for three months for working in the Indian Embassve 10,000
there (computed)
in Australia and salary received bulding is Situated in Pakistan, outat.
(The
K Income from house property in Pakistan and the balance 72,000
10,000 deposited in
a bank remitted to India)
Belgium for services rendered in India with a limited company 15,000
Pension income in to bisGross Total Income for the Assessment V,
