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NEW QUESTION: 1
Section B (2 Mark)
Ram and Mrs. Ram hold 20% and 30% equity shares in Anand Ltd. respectively. They are employed in Anand Ltd. (monthly salary being Rs.20000 and Rs. 30000 respectively) without any technical / professional qualification.
Other incomes of Ram and Mrs. Ram are Rs. 70000 and Rs. 100000 respectively. The net income of Ram and Mrs. Ram for the assessment year 2013-14 shall be.
A. Rs. 700000 and Rs. 70000 of Mr. Ram and Mrs. Ram respectively
B. Rs. 460000 and Rs. 310000 of Mr. Ram and Mrs. Ram respectively
C. Rs. 70000 and Rs. 700000 of Mr. Ram and Mrs. Ram respectively
D. Rs. 310000 and Rs. 460000 of Mr. Ram and Mrs. Ram respectively