Teaching MPPSC Assistant Professor Mock Test Series 2025 Income-tax and Corporate Tax Planning Income-tax
Net income of Mr.X is Rs. 20 Lakh on the basis of a normal transaction. After using the arm's length price, his income reduces to Rs. 19 Lakh. Which amount will be taken for taxable purpose.
1
Rs. 19 Lakh
2
Rs. 20 Lakh
3
Rs. 39 Lakh
4
Rs. 1 Lakh