10-mark question · Part C · Law of Taxation

The assessee is a retired employee and he is having income from salary (pension), income from house property, income from other sources. His taxable income for the financial year 2009-10 was Rs. 1,80,000/-. In the month of April 2010 he attained the age of 65, and his income is much below the exempted income of Rs. 2,40,000/-, so he has filed a nil return. The assessing officer assessed the income and levied tax and interest. You, as the consultant, advise the assessee.

Appeared in

• Law of Taxation · May/June 2018 Mapped paper Download

Mapped topics

• Salary and income from house property — Unit II
• Residential status and scope of total income — Unit I
• Profits of business, capital gains and other sources — Unit II

Mapped case laws