Section B (2 Mark)
Mr. Subhash Bansal, a marketing manager is employed with IMFB limited. He took an advance of Rs. 1,20,000 against the salary of Rs. 30,000 per month in the month of March 2007.
The gross salary of Mr Bansal for the assessment year 2007-08 shall be:
A . Rs. 3,60,000
B . Rs. 4,80,000
C . Rs. 2,40,000
D . Rs. 3,80,000
Answer: A
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