2 MarksJANUARY 2025Inter
Raju earned ₹25,000 from lotteries, ₹ 10,000 from betting, ₹ 50,000 from online games (on internet) and lost ₹ 5,000 in card games during P.Y. 2023-24. The amount of tax to be charged for A.Y. 2024-25 will be -
A
(A) 30% of (₹ 25,000 + ₹ 10,000) + 20% of ₹ 50,000 and adjustment of unexhausted basic limit is permitted against this income.
B
(B) 30% of (₹ 25,000 + ₹ 10,000 + ₹ 50,000 - ₹ 5,000) and adjustment of unexhausted basic limit is permitted against this income.
C
(C) 30% of (₹25,000 + ₹10,000 + ₹50,000) and adjustment of unexhausted basic limit is not permitted against this income.
D
(D) 30% of (₹25,000 + ₹5,000) + 20% of (₹ 10,000 + ₹ 50,000) and adjustment of unexhausted basic limit is not permitted against this income.