Answer to Question #246388 in Economics for muskan

Question

From the following information, furnished by Ms. Anucampa pertaining to the financial year ended as on 31st march 2021,

Short term capital gains on sale of shares in an Indian company received in Japan

10000

Dividend from a Chinese company received in China

3000

Agricultural income from land in Madhya Pradesh

5000

Dividend from PJV Ltd an Indian Company

4745

Gross Rent from a residential property located at Singapore, later on remitted to the saving account in Bank of Maharashtra, Mumbai using the approved channels

600000

Compute the total income and give reason for considering/ not considering these specific items for the relevant assessment year 2021-22, if she is-

a. Resident and ordinary resident

b. Non resident

Answer 1

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