Quiz for the week (10 Aug 2026) :
Dinesh (a resident individual) is engaged in business. His income from business for the FY 2025-26 amounts to Rs. 38 lakhs (computed). He sold an immovable property for Rs. 40 lakhs whose indexed cost of acquisition is Rs.42,41,280 and original price of acquisition is Rs.24,81,600. How much is his net tax liability for the AY 2026-27?
Share your thoughts on or before 17.08.2026.