Start learning →

A heavy goods vehicle of 10 tons gross weight, owned all year: 44AE income?

ARs 1,44,000
BRs 90,000
CRs 1,00,000
DRs 1,20,000
Answer & Solution
Correct answer: D. Rs 1,20,000
Rs 1,000 per ton for 10 tons over 12 months gives 1,000 x 10 x 12 = Rs 1,20,000.
Practise this question with Quill — CA Inter →

Keep practising Profits and Gains of Business or Profession

Browse all Profits and Gains of Business or Profession questions for CA Inter, or explore more Taxation topics.

Start a Profits and Gains of Business or Profession lesson →
Related questions