A registered political party has income during the year 2020-21 of banks interest ₹ 5,00,000, rent from letting of building ₹ 3,00,000 and voluntary contribution by cheque ₹ 8,00,000. Total income chargeable to tax u/s 13 A of the Income-tax Act, 1961 for the AY 2021 -22 of the political party shall be:

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Question:A registered political party has income during the year 2020-21 of banks interest ₹ 5,00,000, rent from letting of building ₹ 3,00,000 and voluntary contribution by cheque ₹ 8,00,000. Total income chargeable to tax u/s 13 A of the Income-tax Act, 1961 for the AY 2021 -22 of the political party shall be:

1. ₹ 5,00,000

2. ₹ 8,00,000

3. ₹ 16,00,000

4.NIL

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  1. A registered political party has income during the year 2020-21 of banks interest ₹ 5,00,000, rent from letting of building ₹ 3,00,000 and voluntary contribution by cheque ₹ 8,00,000. Total income chargeable to tax u/s 13 A of the Income-tax Act, 1961 for the AY 2021 -22 of the political party shall be:
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