Mr. Chandan (age 70) received ₹ 30,000 every month during the financial year 2020-21 on a reverse mortgage of his property with State Bank of India. The amount of receipt liable to tax in the hands of Mr. Chandan is:
1.₹ 3,60,000
2. ₹ 2,52,000
3. ₹ 40,000
4. Nil
Posted Date:-2022-08-28 04:21:20