alleryStart learning →The same item (carrying Rs. 100, base Rs. 60) will be used, and other income is taxed at 30%. The liability is:
ARs. 8
BRs. 18
CRs. 12
DRs. 30
Answer & Solution
Correct answer: C. Rs. 12
The difference of 40 is taxed at the 30% rate on other income, giving Rs. 12.
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