X Ltd., a domestic company not opting for the provisions of section 115BAA, has a total income of ₹10,80,00,000 for A.Y. 2020-21. The tax liability of X Ltd. for A.Y. 2021-22 is:
A. ₹2,53,69,340
B. ₹ 3,77,39,520
C. ₹ 3,50,23,600
D. ₹ 2,54,18,340
Answer:B
X Ltd., a domestic company not opting for the provisions of section 115BAA, has a total income of ₹10,80,00,000 for A.Y. 2020-21. The tax liability of X Ltd. for A.Y. 2021-22 is:
A. ₹2,53,69,340 B. ₹ 3,77,39,520 C. ₹ 3,50,23,600 D. ₹ 2,54,18,340