Assuming that Mr. Sarthak has other income exceeding basic exemption limit, the tax payable (excluding surcharge and health and education cess) on transfer of building and agricultural land, would be –
A. ₹ 7,81,250
B. ₹ 13,97,500
C. ₹ 9,57,500
D. ₹ 10,97,500
Answer:C
Assuming that Mr. Sarthak has other income exceeding basic exemption limit, the tax payable (excluding surcharge and health and education cess) on transfer of building and agricultural land, would be –
A. ₹ 7,81,250 B. ₹ 13,97,500 C. ₹ 9,57,500 D. ₹ 10,97,500