Ramesh received ₹ 7 Lacs by way of interest on enhanced compensation in March, 2021. A further sum of ₹2 Lacs decreed by court is due but not received till 31.03.2021. The amount of income chargeable to tax for the AY 2021 -22 would be:
A. ₹ 3,50,000
B. ₹ 7,00,000
C. ₹ 9,00,000
D. ₹ 4,50,000
Answer:A
Ramesh received ₹ 7 Lacs by way of interest on enhanced compensation in March, 2021. A further sum of ₹2 Lacs decreed by court is due but not received till 31.03.2021. The amount of income chargeable to tax for the AY 2021 -22 would be:
A. ₹ 3,50,000 B. ₹ 7,00,000 C. ₹ 9,00,000 D. ₹ 4,50,000