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    Family Pension Dividend Received From Indian Companies Dividend Received Under Sec 2 (22) (E) Interest On Kisan Vikas Patra Winning From Lotteries

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    chris
    Mr. Ashish Goyal owns a factory building in Bombay that he rents out for Rs. 500,000 per month. He spent Rs. 70,000 on building repairs, Rs. 40,000 on furniture repairs, paid Rs. 30,000 in insurance premiums, and recorded Rs. 270,000 in depreciation. He also received interest of Rs. 20,000, family pension of Rs. 65,000, dividend from Indian companies of Rs. 18,000, dividend under Section 2(22)(e) of Rs. 15,000, interest from Kisan Vikas Patra of Rs. 14,600, and winnings from lotteries of Rs. 120,000.

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    Family Pension Dividend Received From Indian Companies Dividend Received Under Sec 2 (22) (E) Interest On Kisan Vikas Patra Winning From Lotteries

    Uploaded by

    chris
    27 views1 page
    Mr. Ashish Goyal owns a factory building in Bombay that he rents out for Rs. 500,000 per month. He spent Rs. 70,000 on building repairs, Rs. 40,000 on furniture repairs, paid Rs. 30,000 in insurance premiums, and recorded Rs. 270,000 in depreciation. He also received interest of Rs. 20,000, family pension of Rs. 65,000, dividend from Indian companies of Rs. 18,000, dividend under Section 2(22)(e) of Rs. 15,000, interest from Kisan Vikas Patra of Rs. 14,600, and winnings from lotteries of Rs. 120,000.

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    tax assignment

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    Assignment(6)1602

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    Mr. Ashish Goyal owns a factory building in Bombay that he rents out for Rs. 500,000 per month. He spent Rs. 70,000 on building repairs, Rs. 40,000 on furniture repairs, paid Rs. 30,000 in insurance premiums, and recorded Rs. 270,000 in depreciation. He also received interest of Rs. 20,000, family pension of Rs. 65,000, dividend from Indian companies of Rs. 18,000, dividend under Section 2(22)(e) of Rs. 15,000, interest from Kisan Vikas Patra of Rs. 14,600, and winnings from lotteries of Rs. 120,000.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    27 views1 page

    Family Pension Dividend Received From Indian Companies Dividend Received Under Sec 2 (22) (E) Interest On Kisan Vikas Patra Winning From Lotteries

    Uploaded by

    chris
    Mr. Ashish Goyal owns a factory building in Bombay that he rents out for Rs. 500,000 per month. He spent Rs. 70,000 on building repairs, Rs. 40,000 on furniture repairs, paid Rs. 30,000 in insurance premiums, and recorded Rs. 270,000 in depreciation. He also received interest of Rs. 20,000, family pension of Rs. 65,000, dividend from Indian companies of Rs. 18,000, dividend under Section 2(22)(e) of Rs. 15,000, interest from Kisan Vikas Patra of Rs. 14,600, and winnings from lotteries of Rs. 120,000.

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    (6)1602

    Mr. Ashish Goyal has one factory building along with machines and furniture in Bombay which has been
    let out @ Rs.500,000 p.m. Repair charges of the building isRs.70,000 and that of furniture fixtures are Rs.
    40,000, insurance premium paid Rs.30,000 and depreciation is Rs.270,000.

    He received the folllwoing incomes during the financial year.

    Interest on NSC VII 20000


    Family Pension 65000
    Dividend Received from indian Companies 18000
    Dividend Received under Sec 2(22)(e) 15000
    Interest on Kisan Vikas Patra 14600
    Winning From Lotteries 120000

    Compute his total taxable income for the financial year.

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