Quiz for the week (06 Apr 2026) :
Graham a resident Indian (age 40) has gross total income of Rs.33 lakhs which includes long-term capital gain on sale of listed shares (STT paid) of Rs.3,25,000 and short-term capital gain on sale of jewellery of Rs.5,25,000. He donated Rs.1,50,000 to National Defence Fund and Rs. 90,000 to a charitable trust registered under section 12AB. Both the donations were thro banking channel. How much is his total income for the assessment year 2026-27 on the assumption that he opted out of default tax regime.
Share your thoughts on the above on or before 13th April 2026.