Quiz for the week (17 Nov 2025) :
Mohan (age 70) resident of India is engaged in business. He has income from house property of Rs.18 lakhs (computed) and business loss of Rs. 12 lakhs (computed) for the financial year 2024-25. He has been opting only new regime regularly. How much is his tax liability for the assessment year 2025-26?
Share your thoughts on the above on or before 24th November, 2025