Abhay earns the following income during the previous year ended 31 st March, 2020: Interest on U.K. Development Bonds (1 /4th being received in India): ₹2,00,000; profit on sale a building in India but received in Holland:₹ 2,00,000. The income liable to tax for the AY 2020-21 if Abhay is resident and not ordinarily resident in India, is
A. ₹ 2,50,000
B. ₹ 4,00,000
C. ₹ 2,00,000
D. ₹ 50,000
Answer:A
Abhay earns the following income during the previous year ended 31 st March, 2020: Interest on U.K. Development Bonds (1 /4th being received in India): ₹2,00,000; profit on sale a building in India but received in Holland:₹ 2,00,000. The income liable to tax for the AY 2020-21 if Abhay is resident and not ordinarily resident in India, is
A. ₹ 2,50,000 B. ₹ 4,00,000 C. ₹ 2,00,000 D. ₹ 50,000