Mr. Hasan had discontinued business on 30th July 2020. His income from the business shall be taxed :
A. In the A.Y. 2020-21 as per part III of First Schedule of Finance Act, 2020.
B. In the A.Y. 2021-22 as per part I of First Schedule of Finance Act, 2021.
C. both(a)&(b)
D. Either (a) or (b) as per the discretion of Assessing officer.
Answer:D
Mr. Hasan had discontinued business on 30th July 2020. His income from the business shall be taxed :
A. In the A.Y. 2020-21 as per part III of First Schedule of Finance Act, 2020. B. In the A.Y. 2021-22 as per part I of First Schedule of Finance Act, 2021. C. both(a)&(b) D. Either (a) or (b) as per the discretion of Assessing officer.