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Determine tax liability rounded off for the ay is

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Question 1: Shipcargo Inc., a company based in Netherlands operating its ships to and fro Cochin port, collected freight of `85 lakhs, demurrage of `5 lakhs and handling charges of `2 lakhs in respect of goods shipped at Cochin port. It incurred expenses of `35 lakhs during the year for operating its fleet. In respect of goods shipped at Rotterdam, Netherlands, it received `50 lakhs in India.Its tax liability (rounded off) for the A.Y.2019-20 is

Point (a)`4,21,200

Point (b)`4,43,040

Point (c)`3,12,000

Point (d)`1,77,840

Reference no: EM132468364

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