RAJA Ltd. has earned income of ₹ 150 lakh inclusive of income of 7 50 lakh from the transfer of Carbon Credit during the year 2018-19. The company had incurred an amount of ₹ 5 lakhs as transfer expenses on transfer of Carbon Credit. The income received from transfer of Carbon Credit in the A.Y. 2019-20 shall be taxed as per section 115BBG of the Act and the amount of tax on such income payable shall be:
A. 7 5,82,400
B. 7 5,56,400
C. 7 13,00,000
D. 7 5,00,000
Answer:D
RAJA Ltd. has earned income of ₹ 150 lakh inclusive of income of 7 50 lakh from the transfer of Carbon Credit during the year 2018-19. The company had incurred an amount of ₹ 5 lakhs as transfer expenses on transfer of Carbon Credit. The income received from transfer of Carbon Credit in the A.Y. 2019-20 shall be taxed as per section 115BBG of the Act and the amount of tax on such income payable shall be:
A. 7 5,82,400 B. 7 5,56,400 C. 7 13,00,000 D. 7 5,00,000