Welcome to Monday Corner, an initiative from Tax Publishers…
Monday Corner is specially designed to reward the intellectuals like you:
- We will send a Brainteaser on every Monday through email to your inbox and
- You need to send your answer in revert with reasoning by Wednesday at quiz.taxpub@gmail.com
The most suitable reply will be uploaded on our website (www.taxpublishers.in) in Monday Corner along with the photo/credentials of the winner of the week. If, per chance, winner happens to be more than one, the result will be drawn by lottery.
The winner would receive any one of the following books as free gift...
Quiz for the week (16 Dec 2024) :
Dr.Ramchand is running a hospital at Chennai since April,2023. His gross receipt from the profession for the year ended 31st March, 2024 was Rs.60 lakhs. He has maintained books of account in which his income from profession was Rs.20 lakhs (computed). He has paid advance tax of Rs.2 lakhs and has TDS credit of Rs. 1,20,000 out of professional receipts (i.e. sec.194J ). Assume that he would not be able to file his ITR till 31st December,2024 for the assessment year 2024-25. Suggest a suitable course of action to be chosen by Dr.Ramchand for filing the ITR of assessment year 2024-25.
Kindly mail your answers on or before 23rd December, 2024.