Mr. Menon having tea estate in Munnar (Kerala) earned X 5 lakh by way of growing tea leaves and manufacturing tea. The income chargeable to tax would be:
A. ₹ 2,00,000
B. ₹ 1,75,000
C. ₹ 1,25,000
D. ₹ 3,00,000
Answer:A
Mr. Menon having tea estate in Munnar (Kerala) earned X 5 lakh by way of growing tea leaves and manufacturing tea. The income chargeable to tax would be:
A. ₹ 2,00,000 B. ₹ 1,75,000 C. ₹ 1,25,000 D. ₹ 3,00,000