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40. Mr. X aged, 61 years, received dividend of * 12,00,000 from ABC Ltd. in P.Y. 2020-21. Interest on loan taken for the purpose of

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40. Mr. X aged, 61 years, received dividend of * 12,00,000 from ABC Ltd. in P.Y. 2020-21. Interest on loan taken for the purpose of investment in ABC Ltd., is * 3,00,000. Income included in the hands of Mr. X for P.Y. 2020-21 would be 40. Mr. X aged, 61 years, received dividend of * 12,00,000 from ABC Ltd. in P.Y. 2020-21. Interest on loan taken for the purpose of investment in ABC Ltd., is * 3,00,000. Income included in the hands of Mr. X for P.Y. 2020-21 would be

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