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Taxation Ar. Kumar Nurnishes the following particulars of his income for the P.Y, 2021-22: a. Interest on German Development Bonds Rs. 60,000 (2/5' reoclved in
Taxation
Ar. Kumar Nurnishes the following particulars of his income for the P.Y, 2021-22: a. Interest on German Development Bonds Rs. 60,000 (2/5"' reoclved in India), b. Ineome from agrieulture in Bangladesh (received there but later on R5. 50,000 remitted to India) Rs. 1,80,000. c. Dividend paid by an Indian Company received in Canadn Rs, 56,000. d. Rental incomes from a property in Nopal, deposited by the tenant in a foreign branch of Indian Bank operating there Rs, 12,000. c. Gin in foreign currenoy ( 1/3rt of which is recoived in India) Rs, 2,70,000. f. Amount brought to India out of past untaxed profit earned in Japan Rs, 80,000, g. Profit from a business in Paris, Rs.60,000, the business is managed from Mumbai, one half of the profits are received in Bengaluru and the balance is remitted to India. h. Pension Income from Belgium for services rendered in India with a limited company Rs. 20,000 . i. Interest on Post Office Savings Bank N/c Rs. 1,000. j. Share of income from HUF Rs. 55,000. Compute his Gross Total Income for the A.Y. 2022-23, if he is Ordinary Resident, Not Ordinary Resident \& Non-ResidentStep by Step Solution
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