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UNIT II – Residential status, Total Income

WORKSHEET 1
SECTION A ( 10 X 3 = 30 Marks)

1. Write a short note on Gross Total Income.


2. Mr. Subramani Left India for the first time on 20.05,13. During the financial year 2015- 16, he comes to
India on May 27and stayed for a period of 53 days in India, Determine his residential status.
3. What is Annual Value.
4. Mr. Rajendran left India for the first time on 15.12,2020 and returned to India on 02.02.2021.Determine
his Residential Status for the Assessment year 2021-2022.
5. Define Person.
6. A person after about 26yrs stay in India retired to England in April 2015 and returned to India on 15th
February 2017 to take a salaried appointment. What is his residential status for the previous yr16-17?
7. Mr. Ram, an Indian citizen leaves India for the first time on 3 1' May 2017 and comes back on 15t May
2020. He again leaves India on June 2021 to come back on 14"h January 2022. He is living in India since
then. Determine his status for the previous year 2021-22.
8. A doctor who is an Indian citizen left India to France on 6"" July 2019, to take up an employment there.
He has never been out of India in the past. What is the residential status of the doctor for the assessment
year 2020-2021?
9. Define Previous Year and Assessment Year as per Income Tax Act,1961.
10. Discuss on provisions of residential status for HUF.

SECTION B ( 5 X 8 = 40 Marks)

1. Mr. Arun an Indian citizen, stayed in India for 182 days during the previous year 20 15. 2016. Determine
Mr. Arun’s residential status for the assessment year 2016-2017 on the assumption that during the
financial years 2005-2006 to 2014-15 he was present in India as follows:
2005-2006 - 66 days 2010-2011 - 59 days
2006- 2007 - 180 days 2011-2012 - 180 days
2007-2008 - 20 days 2012-2013 - 50 days
2008-2009 - 50 days 2013-2014 - 58 days
2009-2010 - 50 days 2-14-2015 - 59 days
2. Outline the provisions relating to Residential Status of an Individual.
3. On 1.6.2018, ‘B’ a Malaysian citizen left India after a continuous stay of 10 years. During the financial
year 2019-2020, he came back to India and stayed for a period of 46 days and left. In the Previous Year
2020-2021, he come back to India on 10,10.2020 and stayed here thereafter for one year. Determine the
residential status of Mr. ‘B’ for the assessment year 2021-22.
4. From the previous year ended on 31" March 2022 Mt. had the following incomes:

i) Honorarium received from Government of India (Expenses incurred ₹5,000) 10,000


ii)Profits earned from a business in Kerala controlled from Canada 5,000
iii)Profits earned from a business in USA controlled from Kolkata 6,000
iv)Profits earned from a business in Bangladesh, controlled from Karachi and
credited to his personal account there 4,000
v)Dividend from an Italian company credited to his account in Switzerland 2,000
vi)Agricultural Income from Thailand not remitted to India 6,000

Compute the total income of Mr. Z for the assessment year 2022-23 if he is: (i) Resident (ii) Resident but
not ordinarily resident and (iii) Non-resident.

5. Examine the total income From the following particulars of Mr. S for the assessment year 2021-22 if he
is ROR, RNOR, NR
A) Technical fees received in Singapore 80,000
B) Income from hp in Japan ( 40% received in India) 1,00,000
C) Profit from sale of land in India 2,00,000
D) Pension received in Spain for services rendered in India 75,000
E) Salary received in India for services rendered in US 3,00,000
F) Dividend from a UK company 1,00,000
G) Income from business in China controlled from India 3,00,000

6. From the following details calculate the total income of Ms. Rani if she is (a) ordinary Resident (b) not
ordinary resident (c) Non-resident.
a)Dividend from Indian company Rs. 1,00,000
b)Dividend from foreign company RS. 1,50,000 received in India.
c)Interest on debentures of an Indian Company 42,000
d)Income from business in Kenya but controlled from India Rs. 2,00,000
e)Profits from business controlled outside India 1/3 received in India 30000
f)Income earned in America and received there Rs.80000
g)Salary from an Indian Company received in London Rs. 60000 ( half is paid for rendering services in
India)

7. Show the residential status by applying the provisions. Mr. C comes to India for the first time during
the py, 2017-2018, 2018-2019, 2019-2020, 2020-2021, 2021-2022. He was in India for 100 days, 60

days, 150 days and 70 days and 80 days respectively.


8. Which of the following incomes are taxable when the residential status of Mr. V is:
(a) Resident

(b) Not Ordinarily Resident


(c) Non-Resident?

(i) Income accrued in Canada but received in India 2,000


(ii) ₹ 5,000 earned in Africa and received there but brought to India

(iii) ₹ 5,000 earned in India but received in Canada


(iv) ₹10,000 earned and received in Sri Lanka from business controlled from India

(v) House property income (computed) from Sri Lanka ₹ 2,000


(vi) ₹ 4,000 was past untaxed foreign income which was brought to India during the previous year.

(vii) Profits earned from a business in Kanpur ₹ 10,000

SECTION C ( 2 x 15 = 30 Marks )

1. A) Estimate is his residential status for the ay 2021-22

Mr. J a foreigner came to India from Poland for the first time on 1st April 2014, He stayed here
continuously for 3 year and went to France on 1st April 2017. He, however returned to India on 1st July
2017 and went to Poland on 1st December 2018. He again came back to India on 25th Jan 2021 on a
service in India.

B) Estimate its Taxable Income in case he is i) ROR i) RNOR iii)NR

The following are the particulars of Income of Sachin Kumar of Previous years 2020-21

- Rent from a property in Delhi received in USA 80,000


-Income from a business in USA controlled from Delhi 1,20,000
- Income from a business in Bangalore controlled from USA 1,80,000
- Rent from a property in USA received there, later on remitted to India 60,000
-Interest from deposits with an Indian co. received in the USA 20,000
-Profits of business in USA remitted to India 45,000
-Gift received from his parents 35,000

2. List out any ten incomes which are exempted under section 10 of the Income tax Act 1961.

3. “ The Incidence of tax depends upon the residential status of the assessee "-Discuss.
UNIT II - INCOME FROM SALARIES
WORKSHEET 2

SECTION A (10×3=30)

1. Compute the Basic salary of Mr.Prabhu for the Assessment year 2024-25 from the following information:
Salary received Rs.18,000
Tax Deducted at Source Rs.2,000
Own Contribution to Provident Fund Rs.3,000
2. Find out the taxable HRA of Mr. Raghu who is working in Trichy. Basic Salary Rs.3,000 p.m.
HRA Rs.700 p.m. (rent paid Rs.400 p.m.)
3. Differentitate between partially taxable of fully taxable allowances.
4.Write a short note on ‘Commutation of Pension’.
5. Mr. Sen left service after 3 years and received a refund of Rs.60,000 from provident fund on 4-6-2023.
It consists of his own contribution plus an equal contribution by his employer plus interest @12% p.a.
How would it be treated for income-tax purposes, if he was contributing to S.P.F?
6. Explain the provisions relating to Entertainment allowance.
7. Write a short note on Statutory provident fund.
8. Calculate Taxable HRA from the following:
Salary 5,000 p.m.
D.A 1,000 p.m.
HRA 800 p.m
Rent paid in New Delhi 2,000 p.m. 40% of D.A. forms part as retirement benefit.
9. State the allowances that are exempted from tax u/s10(14).
10. List the any 6 fully taxable allowance of salary.

SECTION B ( 5 X 8 = 40 Marks)

11. Explain the types of provident funds.


12. Mr. Gopal retires on 31-10-2023 after 20 years service and received Rs.48,000 as leave encashment
for 12 months. His employer allows him 11/2 months of leave for every one year of service. He has
already enchased leave for 18 months. His salary for 2022-23 was Rs.15,000 and from 1-4-2023 it was
raised to Rs.16,000 p.m. Compute the taxable amount of leave encashment.
13. Mr. R. retired on 31.12.2023 and his pension was fixed at 3,600p.m. He got 3/4 the of the pension
commuted for which he received 1,80,000 from his employers, a Ltd Co. Compute the taxable
amount of commuted value of pension if:
(a) He gets gratuity
(b) He does not get gratuity
(c) He is a Govt. employee.
14. Outline the provisions pertaining to perquisites taxable in the hands of specified employees.
15. Mr. B received Rs. 6,00,000 on his retirement on 30.9.2023 as gratuity from his employer with whom
he has served for 29 years and 7 months. Compute the taxable amount in each of the following cases
separately if his salary during calendar year 2015 was Rs.2,0000 and during 2023 was Rs.2,4000
and it is due on the 1st of every month. He had worked earlier with a company for 6 years and
received Rs 2.92,000 as gratuity which was fully exempted U/S 10 (10).

He is working in a factory at Ludhiana (Covered under the payment of Gratuity Act) He is working in a
commercial office at Delhi (Not covered under the payment of Gratuity Act.
16. Calculate House Rent Allowance u/s 10 (13A) in respect of residential accommodation situated in Delhi)
a. Salary 99,000 per annum
b. Dearness Allowances 87360 per annum
c. House Rent allowance 19,200 per annum
d. Petrol allowance. 2,400 per annum
e. House Rent Paid 36,000 per annum
f. General Provident Fund 42,000 per annum
17. Mr. P retires on 1 July 2023 after 18years of service and receives Rs 75000 as leave encashment for 15
months. His employer allows 45 days of leave for every completed yr of service. During his
service he has already enchased leave for 12 months calculate the taxable amount of leave
encashment if his salary during 1/7/2022 to 1/7/2023 was Rs. 5000 per month.
18. Mr. U retired on 31/12/2023 and his pension was fixed at Rs 3600 pm. He got 3/4ths of the pension
commuted for which he received Rs 180000 from his employer. Find out the taxable amount
of commuted pension.
a) if he does not receive gratuity.
b) if he receives gratuity.
19.Mr. Abdullah is an employee of MN Ltd. He received Rs.68.000 as gratuity. He is covered by Payment
of Gratuity Act 1972. He retired on 15th July 2023 after rendering service of 36 years and 9 months.
At the time of retirement his monthly basic salary was 3,200 and DA (forming part) was 1.000.
Calculate exempted gratuity

SECTION C (1×15=30)

20. Mr. Raman an employee of a private company in Chennai.He supllies you the following particulars of
his income:
a) Basic salary Rs.20,000 p.m
b) D.A 50% of salary (50% of D.A enters his pay for service benefits)
c) Marriage Allowance
d) Education Allowance Rs.270 p.m (Allowance@ Rs. 90 p.m per child)
e) Bonus one month salary
f) Entertainment Allowance Rs.1200 p.m
He and his employer contribute @ 16% of salary to RPF separately. During 2023-2024, he had received
two months basic salary as advance which was included in the income of the previous year 2023-24. He is
provided rent fee house owned by the employer. He also received a fixed medical allowance of 300 p.m.
Amount spent on medicine 4,500 during the year. Calculate his salary income for the assessment year 2024-
2025.

21. Compute the salary of MR. R who is working as a sales manager


Salary-25600 per month
DA-600 per month
Entertainment allowance-600 per month
CCA-200 per month
Bonus-6000
Employer's and his contribution to RPF-48000
Interest credited on accumulated balance of fund @ 10%-28000
During the year he is provided with an unfurnished house for which employer charges Rs 400 per month.
The municipal value of the house being Rs 12000 per annum. Population is above 25 lakhs.
He is also provided with a 1.8 litre car with a driver which he uses for both official and personal purposes.
Its expenses of running and maintenance Rs 2000 are met by the employer.
During the yr he contributed Rs 4000 in ULIP and purchased NSC VIII issue worth Rs 12000 in the pr yr..
interest accrued on NSC VIII issue purchased earlier was 4800 He also received Rs 18470 as bank interest
during the pr yr. compute his income for the pr.yr.

22. Mr. A was working as a sales manager drawing a salary of Rs 50000 p/m in Bangalore. He was receiving
the following emoluments: Salary falls due on the 1 day of every month
CCA Rs 9600 p.m.
HRA 12000 p.m. He stays in his own house.
Travelling allowance 28000 he spent only Rs 25000 on travel. He retired from
Service on 31 Jan 2023.
He received gratuity of Rs. 924800 for serving 34 years in this company. His pension was fixed at Rs.
24000 p/in he gets 3/4th of his pension commuted for a lump sum of Rs. 1020000.
Leave encashment Rs. 250000 being 5 months' salary received on 31.1.23. He was allowed one month leave
for every year of service. No of months of leave not utilized 5 months. Compute the taxable salary for the
assessment year.

23. Following are the particulars of Mr. A's salary income. Compute his salary income for the Assessment
Year 2022-23.
Salary (Basic) Rs.60,000 p.m.
DA-50% of salary (50% of D.A. forms part of Salary)
Bonus-one month's basic salary
Leave Travel Concession equal to one month's basic salary (given once in two years)
Conveyance allowance Rs.4,000p.m.
House Rent allowance Rs.12,000p.m. Mr. A is paying Rs.15,000p.m. as rent
Entertainment Allowance Rs.2,000p.m.
Education allowance @ Rs.500p.m. per child.
Two children of Mr. A are studying in a school, and he is paying a monthly
tuition fees of Rs.1,800p.m.for both children.
Helper allowance Rs.2,000 p.m.
Uniform allowance Rs.5,000 pa
Conveyance allowance is given to Mr. A to meet petrol expenses of his car which he uses to come to
office and go back to his residence. It is also observed that he spends 50% of the entertainment allowance
on visitors coming to meet in connection with his business/job duties.
Salaries

Section A
1. What are the different forms of salary ? (2017)
2. Write a short note on “Commutation of pension”? (2022)
3. Mr.Sen left service after 3 years and received a refund of
Rs. 60,000 from provident fund on 4-6-2023. It consists of his
own contribution plus an equal contribution by his employer
plus interest @12% p.a. How will it be treated for income tax
purposes , if he was contributing to S.P.F ? (2022)
4. X,a resident of Ajmer, receives Rs.48,000 as basic salary
during the previous year 2023-24. In addition, he gets Rs.4,800
as dearness allowance forming part of basic salary, 7%
commission on sales made by him(sales made by X during the
relevant previous year is Rs.86,000) and Rs.6,000 as HRA. He
however pays Rs.5,800 as house rent. Determine the quantum
of HRA exempt from tax. (2017)

Section B

5. Explain the various allowances generally paid to employees.


(2017)
6. Define the term perquisite and how they are treated for
income tax purposes ? (2022)
7. Mr. Sharma retires on 30.09.2023 after 20 years of service
and received 96,000 as leave encashment for 12 months. His
employer allows him 1½ months leave for every one year of
service. He has already encashed leave for 18 months. His
salary for 2023-24 was 6,000 per month and from 01.04.2023 it
was raised to 8,000 per month. Compute the taxable amount of
leave encashment. (2017)
8. Mr.Jitender is in receipt of annual salary of Rs.2,00,000. He is
provided with furnished accommodation at Gurgaon
(Population is 11Lakhs) for which the employer pays a rent of
Rs.4,000 per month and deducts Rs.1,000 per month from
employer salary. The cost of furnishing of the residence
amounts to Rs.30,000. Calculate the value of perquisite if the
house is occupied for 9 months only. (2022)
9. Analyse the Gross salary for A.Y.2024-25 if a) He is a Govt.
employee b) He is a non govt. Employee entitled to gratuity
c) He is a non govt. Employee not entitled to gratuity
Vivek retired on 31st October, 2024. He was entitled to a
pension of Rs.4,000p.m. At the time of retirement, he got % of
the pension commuted and received Rs.4,00,000. He was in
receipt of basic salary of Rs.10,000p.m. D.A Rs.5,000 p.m.
Entertainment allowance (EA) Rs.1,000p.m. (2021)

Section C

10. Mr. Raman is an employee of a private company in Chennai.


He supplies you the following particulars of his income.
(a) Basic salary Rs.20,000 p.m.
(b) DA 50% of salary (50% of D.A enters into pay for service
benefits)
(c) Marriage allowance Rs.600 p.m.
(d) Education allowance Rs.270 p.m. (Allowance @ Rs.90 p.m.
per child)
(e) Bonus one month salary.
(f) Entertainment allowance Rs. 1,200 p.m.
He and his employer contribute @ 16% of salary to RPF
separately. During 2023-2024, he had received two months
basic salary as advance which war included in the income of the
previous year 2023-24. He is provided rent for house owned by
the employer. He also received a fixed medical allowance of
Rs.300 p.m. Amount spent on medicine Rs. 4,500 during the
year. Calculate his salary income for the assessment year
2024-25. (2022)
11. Following are the particulars of Mr.A salary income.
Compute his salary income for the AY 2024-25.
Salary (Basic) - Rs.60,000 p.m
D. A - 50% of salary (50% of DA forms a part of salary)
Bonus - one month’s basic salary.
Leave Travel commission - equal one month’s basic salary
(given once in two years)
Conveyance allowance Rs.4,000 p.m.
House Rent allowance Rs.12,000 p.m.
Mr.A is paying Rs.15,000 p.m. as rent.
Entertainment Allowance Rs.2,000 p.m.
Education allowance @Rs. 500 p.m. per child,
Two children of Mr.A are studying in a school and he is paying a
amount of tuition fee of Rs. 1,800 per month for both children.
Helper allowance Rs .2,000 p.m.
Uniform allowance Rs.5,000 p.a.
Conveyance allowance is given to Mr.A to meet petrol
expenses of his vehicle which he uses to come to office and go
back to his residence. It is observed that he spends 50% of the
entertainment allowance on vehicle coming to meet in
connection with his business/job duties. (2022)
UNIT III – INCOME FROM HOUSE PROPERTY
WORKSHEET 3

SECTION A ( 10 X 3 = 30 Marks)

1. What do you mean by standard rent?


2. What is unrealized rent?
3. What is Annual Value ?
4. Mr.S hired a house of 5 rooms at 5,000/- per month. He paid 6,000/- as Municipal Taxes and spent
5,000/ on repair of the house. He had sub-let 2 rooms at the rate
5. Calculate Gross Annual Value (GAV) from the particulars given below

Rs
MRV (Municipal Rental Value) 80,000 pa
FRV (Fair Rental Value) 85,000 p.a.
Standard Rent 60,000 р.а.
Actual Rent 60,000 р.а.
6. Mr. Ram owns a property in Chennai. (Municipal Value ₹ 1,60,000; Fair rental Value ₹1,80,000;
Standard rent 1,50,000). The House is let out up to September 30, 2022(Monthly rent being 15,000),
From October 1, 2022, the property is self-occupied for own residential purposes. Find out the Gross
Annual Value for the Assessment Year 2023-24.
7. Mr. Surya owns a property in Delhi. Municipal Value 60,000; fair rental value 65,000; Standard rent
59,500; Actual rent₹ 72,000; Loss due to vacancy 6,000.

Explain and Calculate Gross Annual Value from the above information.

8. Mr. S took a loan of Rs 400000 on 1-4-2020 at 20%pa to construct a house. The constraction of the
house was completed on 1-11-2022. Compute the amount of interest deductible in computing IFHP, if
the house is let out and loan is not yet repaid during 2023-24
9. Mr.R. has a house at pune where Rent Control Act is applicable. Its MRV is 1,08,000 p.a. and FRV is
₹1,20,000 p.a. Standard rent is 1,02,000. Compute Expected Rental Value (ERV).
10. Discuss the term treatment on house loan while calculating ‘Income from House Property’

SECTION B ( 5 X 8 = 40 Marks)

11. What are the different types of rental value?


12. An assessee took a loan of 6,00,000 on 31.1.1999 from a Bank for construction of a house.The loan
carries interest @ 15% per annum. The construction is completed on 30.12.2001. The entire loan is still
outstanding.
Compute the interest allowable for the assessment year 2023-24. If the house is:
(a) Self occupied
(b) Deemed to be Let
(c) Let out

13. Calculate ARV from the particulars given below


MRV 60,000 per annum, Actual Rent 7,000/- per month; FRV 66,000/- per annum:
Standard rent Rs. 69,000/- per annum.
(a)House was vacant for full year during the previous year 2023-24.
(b) House was vacant for two months during the previous year 2023-24.
(c)Actual Rent of the house is 4,000/- per month and was vacant for two months.

14.Compute the income from house property from the information given below:
Municipal Rental Value Rs18,000
Rent received during the year Rs24,000
Municipal Taxes (50% paid by tenant) Rs1,800 per annum
Expenses incurred on repairs
(a)By owner Rs3,000
(b) By tenant Rs3,000
Collection charges Rs1,000
Due date for completion of house 1.6.1998
15. Mr. Z Owns a house property which is lets out for residence. He submits the following details to
compute the gross annual value of the property.
Municipal Value 1,40,000
Fair rent 1,45,000
Standard rent under rent control act 1,42,000
Annual rent if property is lets out throughout the previous year 1,68,000
Unrealised rent 14,000
Less due to vacancy 7,000
16. Sri Srinivasan took a loan of ₹ 4,00,000 on 1.4.2019 at 20% pa to construct a house. The construction
of the house was completed on 1.11.2023. Compute the amount of interest deductible in computing
income from house property, assume the house is let out.
17. From the particulars given below compute income from house property which consist of two

independent units having 1/3rd and 2/3rd area.

Date of completion: 1-11-2018

Municipal rent: Rs.96,000

Fair rent: Rs.84, 000

Self-occupied portion: 2/3rd area

Let out: 1/3rd area from 1-4-2023 to 31-4-2023 at Rs. 7,200 per month And

self- occupied from 1-9-2018 onwards

Municipal tax: Rs.6, 000 per annum

Fire insurance premium: Rs.2, 000 per annum

Ground rent: Rs. 4,000 per annum

Interest on loan: Rs. 7,500

18.From the following particulars of Let out house property of Mr.A

Municipal valuation 3,50,000

Fair rent 3,80,000

Standard rent 3,20,000

Actual rent 4,20,000

Unrealized rent 35,000

Vacancy 2 months

Municipal Taxes

Actually Paid 35,000

Due 10,000

Repairs 8,000

Insurance Premium 6,000


Other expenses 10,000

Interest on borrowing 60,000

Determine the taxable income under the IFHP.

19. Mr. Raghav owns a residential property. It has two equal residential unit Unit-1 and Unit-II. While
unit-l is self-occupied by Raghav for his residentia purpose, unit-ll is let out (rent being 6,000 per
month, rent of two months could not be recovered). The municipal value of the property is 1,30,00
Standard rent 1,25,000 and Fair Rent is 1,40,000. Municipal Tax is imposel at 15% percent which is
paid by Raghav. Other expenses for the previous year 2022-23 being repairs ₹800, Insurance ₹1,500,
Interest on capital (borrowed during 1998) for constructing the property ₹63,000 pa. Find the house
property income for the assessment year 2023-2024.

SECTION C ( 2 x 15 = 30 Marks )

20. From the particulars given below compute income from house property for the assessment year 2023-
24.
Date of Completion 1-11-92
Municipal Rental Value 36,000
Fair Rental value 30,000
Self occupied 2/3 portion
Let out 13 portion, from 1-4-2022 to 31-8-2022 at 1000p.a
And self-occupied from 1-9-2022 onward
Municipal taxes 3,000 pa
Fire Insurance Premium 2,400 pa
Ground Rent 4,200 р.а.
Interest on Loan 7,500 p.a

21. Mr. A owns the house properties about which the detailed information is given below
House I House II
Annual MRV 24,000 38,000
Annual FRV 22,000 34,000
Annual Standard Rent 20,000 40,000
Annual Rent 30,000 36,000
Interest on loan taken for construction 28,000 p.a 22,000 p.a
Vacancy period 2months 3 months
Municipal Taxes 10% of MRV 2,400
Additional Information:
(a) Loan was taken for construction of House I by mortgaging the House II.
(b) Assessee receives salary of 12,000/- per month.
(c) Both the units are let out.
Calculate his Gross Total Income for the year ending 31.3.2024.

22. Mr. X constructed one house in 2023. 75% of the property is let out and 25% is occupied for his
residence. The let-out portion is also self-occupied for one month. The particulars are:
Municipal value of full house ₹ 5,000 p.a
Annual Rent of 75% portion 4,000 p.a
Municipal taxes 500 p.a
Ground Rent 100 p.a
Repairs 200 p.a
Fire Insurance premium 150 p.a
Collection charges 60 p.a.
Interest on loan taken for construction 600 p.a
His income from all Other Sources amounts to ₹ 10,000.
Estimate his Income from House Property.
Income from
house property
3 marks

1)MR. Ram owns a property in Chennai. (Municipal Value ₹ 1,60,000; Fair rental Value
₹1,80,000; Standard rent ₹1,50,000). The House is let out upto September 30, 2020 (Monthly
rent being 15,000). From October 1, 2023, the property is self-occupied for its own residential
purposes. Find out the Gross Annual Value for the Assessment Year 2024-25. (Qn 2022)

2)Mr. Surya owns a property in Delhi. Municipal Value₹60,000; fair rental value 65,000;
Standard rent 59,500; Actual rent 72,000; Loss due to vacancy 6,000.

Explain and Calculate Gross Annual Value from the above information.(Qn 2022)

3)From the Following Particulars, Compute the Gross Annual Value. (Qn 2017)

● Municipal Value 60,000


● Fair Rental Value 65,000
● Standard Rent 59,500
● Actual Rent 72,000

4) Explain Annual Value.(Qn 2017)

5)Mr.R. has a house in pune where Rent Control Act is applicable. Its MRV is 1,08,000 p.a. and
FRV is ₹1,20,000 p.a. Standard rent is ₹1,02,000. Compute Expected Rental Value
(ERV).(Qn2022)

6)X a Resident of Ajmer, receives 48,000 as basic salary during the previous year 2023-24. In
addition, he gets 4,800 as dearness allowance forming part of basic salary, 7% commission on
sales made by him(sales made by X during the relevant previous year is 86,000) and₹ 6,000 as
HRA. He however pays₹5,800-house rest. Determine the quantum of HRA exempt from tax.
(Qn 2017)

7)Arul owns a residential house. It comprises two equal residential units-Unit 1 and Unit II. While
Unit I is self-occupied by Arul for his residential purpose, Unit II is let (rent being ₹ 5,000
p.m)municipal value of the property is 1,20,000, Standard Rent is 1,30,000 and Fair Rent is
1,50,000. Find gross annual value for the Assessment Year 2024-25. (Qn 2017)

8 marks

1)Sri Srinivasan took a loan of 4,00,000 on 1.4.2020 at 20% p.a. to construct a house. The
construction of the house was completed on 1.11.2022. Compute the amount of interest
deductible in computing income from house property, assume the house is let out. (Qn 2022)

2)Mr. Z Owns a house property which is lets out for residence. He submits the following details
to compute gross annual value of the property.
Municipal Value 1,40,000

Fair rent 1,45,000

Standard rent under rent control act₹ 1,42,000

Annual rent if property is lets out throughout the previous year 1,68,000

Unrealised rent 14,000

Loss due to vacancy ₹7,000. ( Qn 2022)

3) Mr 'B' has let out a house property for a monthly rent of 20,000. It's municipal valuation is ₹
2,50,000 per annum. Its fair rental value is 2,40,000 p.a. It has been out from 01-10-1991. Mr 'B'
paid 10,000 as municipal taxes. Municipal taxes paid by tenants are ₹ 5,000, ₹3,000 municipal
taxes are due but not paid. Out of 10,000 paid by B 2,000 relates to subsequent two years. Find
out the net annual value of the house property for AY2024-25. (Qn 2017)

14 marks

1) Mr. X constructed one house in 2015, 75% of the property is let out and 25% is occupied for
his residence. The let out portion is also self-occupied for one month. The particulars are:

Municipal value of full house₹ 5,000 p.a

Annual Rent of 75% portion 4,000 p.a

Municipal taxes 500 p.a

Ground Rent 100 p.a

Repairs 200 p.a

Fire Insurance premium 150 p.a

Collection charges₹ 60 p.a.

Interest on loan taken for construction 600 p.a

His income from all Other Sources amounts to ₹10,000.

Estimate his Income from House Property (Qn 2017)


2)Mr. X owns a house in Delhi. During the previous year 2023-24, 2/3 portion of the house was
self-occupied for a full year and 1/3rd portion was let out for residential purposes from 1.4.2023
to 31.08.2023 on a rent of 1,000 pm. From 1.9.2023 this portion was also used for own
residence. Municipal valuation of the house is 36,000. Fair Rental Value 30,000. He incurred the
following expenditure in respect of the house property. Municipal taxes 3,000 p.a.; Fire
Insurance Premium 2,400 p.a.; Land Revenue 4,200 p.a.; were paid during the year. A loan was
taken for the construction of the house which was completed on 1.11.93. Nothing was repaid on
the loan account so far. Interest on loan ₹7,500 p.a. Estimate his income from house property
for the assessment year 2024-25. ( Qn 2022)
Income From Other Sources
Worksheet

1. Mr. A invested ₹1,00,000 in 9% tax-free debentures of a company. What will be his taxable
interest for the previous year ending on 31-3-2024 if the rate of deduction of tax at source is
@10% if Interest accrues on 1 January every year? (3m)

2. Define the term dividend as given in section 2(22) of income tax act 1961. (3m)

3.Mr. Basu received the following income in the previous year 2023-2024. Compute the
Income from other sources.
a) Winning received from Sikkim lottery 70,000
b) Winnings from horse races 2,000
c) Winnings from cross word puzzle 4,000 (3m)

4. Mr. Murugan received the following income in the previous year 2023- 2024. Compute the
Income from other sources.
a) Rant from vacant land 12,000
b) Income from subletting₹ 6,000
c) Interest on fixed deposit 6,000(gross)
d) Family Pension received 24,600 (3m)

5. Mr. Ankit received the following gifts during P.Y. 2023-2024:


A. He received a gift in cash of 20,000 from his uncle on 30-6-2023.
B. He received a cheque of 30,000 as gift from his brother on 1-11-2023.
C. He received a gift of 21,000 on his wedding from Mr. X on 1-12-2023.
D. He received 25.000 as gift from his non-resident friend Mr. Y on 31-12-2023.
E. He received a gift of 51,000 from his brother-in-law on 31-1-2024.
F. He received 5,000 from Mr. Z, his resident friend on 15-2-2024.

Calculate the amount of taxable gifts chargeable under the head "Other Sources” (8m)
6. Compute the Income the head Income from Other Sources of Mr. Arumugam.

A. Interest (Gross) on Investment with a company 10,000


B. University Remuneration for working as an examiner 8,000
C. Royalty for writing books (He Claims to have spent 20,000 for writing these books)
80,000
D. Dividend from a Domestic Company 12,000
E. Interim Dividend 6,000
F. Family Pension 48,000 (8m)

7. From the following particulars of Mr. Edward for the previous year ended 31st March,2024,
estimate the total income for the Assessment year 2024-25. He received:

Particulars

A. Director’s fee for the company 10,000


B. Interest on Bank Deposits 3,000
C. Income from undisclosed sources 12,000
D. Winnings from Lotteries (net) 82,200
E. Royalty on a book written by him 8,000
F. By giving lectures in functions 5,000
G. Interest on loan given to a relative 7,000
H. Interest on tax free debentures of a company (listed in recognized stock exchange) net
3,560
I. Dividend on shares (net) TDS @ 10% 5,400
J. Interest on post office savings bank a/c 500
K. Interest on Government securities 2,200
L. A sum of Rs. 26,000 is received as a gift on 1-8-23 from a friend
M. A sum of Rs. 50,000 is received as a gift on 1-10-23 from his sister
N. He paid Rs.20 for collection of dividend and Rs.1000 for typing the manuscript of book
written by him. (14m)
8. Compute the income under the head other sources of Miss Anu from the following details
furnished.

A. She holds 50,000, 10% tax free Government securities


B. She received 10,000 interest on Tamil Nadu State Government securities
C. She holds 1,00,000 10% tax free debentures of P &R Co. Ltd(listed).
D. 12,000, interest was received by her on tax free securities of a Ltd Company
E. 60,000, 15% debentures are held by her in a Ltd Co.
F. 8,000, interest was received by her on securities of a paper mill company (listed). (8m)

9. Mr. Murugan received the following income in the previous year 2023- 2024. Compute the
Income from other sources.

A. Rant from vacant land 12,000


B. Income from subletting₹ 6,000
C. Interest on fixed deposit 6,000(gross)
D. Family Pension received 24,600 (8m)
UNIT IV – Income from Other Sources
WORKSHEET 4

SECTION A ( 10 X 3 = 30 Marks)

1. Mr. Basu received the following income during the year 2015-16. Compute Taxable income under
the head Income from other sources

Winnings received from Sikkim Lottery 70,000

Winnings from Horse Races 2,000

Winnings from Crossword Puzzles 4,000

2. The following incomes are received by Miss Geeya during the Assessment Year 2021-22.
Compute Taxable Income.
Royalty on books (Expenses for the above book ₹ 5,000) 30,000
Interest on post office saving bank 1,500
Cross word puzzle prizes 2,500
3. Mr. Naris previous years gross total income is ₹ 5,00,000. He has made the following donations.
Calculate the net income.
National Foundation for Communal Harmony 10,000
National Children’s Fund 20,000
National Defense Fund 25,000
4. Mr. R held the following investments:
(a) Rs. 90,000- @ 10% (Tax free) Debentures of a listed company. (Rate of TDS is 10 %)
(b) ₹1,00,000/- @ 12% State Government Loan.
Compute his income from interest on securities for the year ending 31.3.2017, if interest accrues
annually on 1st January.
5. List out any 6 specified incomes chargeable to tax under the head K2 *Income from Other Sources.
6. Mention the items that are disallowed under the head 'Income from other sources
7. Ganesan furnishes the following particulars of his income for the previous year 2019-20
Compute his income from other sources for the assessment year 2020-21
a) Dividend (gross) from Ashok Ley Land Ltd.- ₹ 25,000
b) Dividend from a cooperative society - ₹ 5,000
c) Interim dividend from Rane (Madras) Ltd. - ₹ 6,000
d) Dividend from a foreign company - ₹ 26,000
e) Dividend from U.T.1, --₹ 3,000.
8. Mr. Samy is totally blind , The following are the particulars of his income for the previous year
2019-20.

Salary 3,00,000

Interest Income 4,00,000

Dividends from cooperative society 10,600

Dividends from Sriram Ltd. 4,600

Compute his taxable income.

9.What is casual income?

10. Mr. Murugan received the following income in the previous year 2020- 8. 2021.

Compute the Income from other sources.

a) Rant from vacant land ₹12.000 b) Income from subletting ₹ 6,000

c) Interest on fixed deposit ₹ 6,000(gross) d) Family Pension Received ₹ 24,600

SECTION B ( 5 X 8 = 40 Marks)

11. Mr. Raja Ram owned four houses. Their municipal valuations are rs.6000 rs.6000 rs,$500 and
rs.,10000 respectively. The municipality levies 10% tax. The first house is occupied for his
residence. Hari Ram is residing in the second house at a monthly rent of rs,800. The third house is
occupied by a business-house at an annual rent of rs,6600. In the fourth house Raja is carrying on
his own business which has yielded a net taxable income of rs,15145. The second and third houses
were completed on 30-6-2015. He claims the following deductions: Interest on mortgage of the first
house Rs. 200, Rs.600 paid as salary gardener in respect of the third house.
Appraise his income chargeable under the head Income from other sources.

12. Mr. Soni, whose gross total income is Rs. 40,00,000 makes the following donations during the
previous year ending on 31-3-2021.
1. To Prime Minister's National Relief Fund 1,00,000
2.To National Defence Fund 2,00,000
3.To a temple of public worship for its repair (so notified) 2,00,000
4. To a local college for construction of Commerce Block 1,00,000
5. To a poor student as aid 10,000
6. To Municipal Committee 1,00,000
7. To P.G.I. Chandigarh for promotion of Family Planning 50,000
8. To Chief Minister's Earthquake Relief Fund Maharashtra 20,000

The gross total income includes 10,00,000 profit on sale of long -term, capital assets. Compute his
total income for the assessment year 2021-22.

13. Mr. Ankit received the following gifts during PY 2021-22:

i) He received a gift in case of Rs. 20,000 from his uncle on 30/6/2021


ii) He received a cheque of Rs.30,000 as a gift from his brother on 10/11/2021
iii) He received a gift of Rs.21,000 on his wedding from Mr. X on 1/12/2021
iv) He received Rs.25,000 as gift from his non- resident friend My.Y 30/12/2021
v) He received a gift of Rs.51,000 from his brother-in-law on 31/1/2022
vi) He received Rs.5000 from Mr. Z his resident friend on 15/2/2022

Calculate the amount of taxable gifts chargeable under the head Other Sources.

14. The following assesses are employed in business and hold certain 3 securities as investment, You are
required to compute the amount of interest which will be taxed under the head Income from Other
Sources.
(a) A received Rs. 9,000 as interest in respect of Govt Securities.
(b) R held Rs.20,000 6% Karnataka Govt.securities during the FY 2021-22
(c) B received Rs,10,000 as interest on securities which are mentioned in Sec 10(15)
(d) C held Rs. 20,000 14% debentures in J.K Ltd which are listed on the Calcutta stock exchange
(e) D received Rs.9,000 as interest on securities which are not listed on any stock exchange.

15. Mr. Ankit received the following gifts during P.Y.2021-2022:


i) He received a gift in cash of ₹20,000 from his uncle on 30-6-2021.
ii) He received cheque of ₹30.000 as gift from his brother on 10-11-2021.
iii) He received a gift of 2 ,000 on his wedding from Mr. X on 1-12-2021.
iv) He received ₹25, ,000 as gift from his non-resident friend Mr. Y on 31-12-2021.
v) He received a gift of ₹51,000 from his brother-in-law on 31-1-2022.
vi) He received ₹5.000 from Mr. Z his resident friend on 15-2-2022.
Calculate the amount of taxable gifts chargeable under the head Other Sources.

16. Compute the income under the head other sources of Miss Anu from the following details furnished.
a. She holds ₹ 50,000, 10% tax free Government securities
b. She received ₹10,000 interest on Tamil Nadu State Government securities
C. She holds 1,00,000 10% tax free debentures of P &R Co. Ltd(listed).
d. ₹ 12,000, interest was received by her on tax free securities of a Ltd Company.
e. ₹ 60,000 15% debentures are held by her in a Ltd Co.
f. ₹8,000, interest was received by her on securities of a paper mill company (listed).

17. Mr. X received the following gifts during the PY 2018-19.


Compute the taxable income.
a) Received Rs,1,00,000 as gift from friend
b) Received a microwave RS.14,500 as a gift from another friend
c) Received RS.50,000 as a gift from another friend on birthday
d) Received RS,30,000 as a gift from sister
e) Received RS,40,000 as a gift from a friend on the occasion of wedding anniversary
f) Received RS.1,60,000 as gift from NRI friend
g) Received RS.60,000 as gift on the occasion of marriage
h) He receives a plot worth of RS.10,00,000 from his sister under a will
i) He purchased a house from father-in-law of his brother for RS,5,00,000 whose stamp duty
value is RS.7,00,000.

SECTION C ( 2 x 15 = 30 Marks )

18. Nithin furnishes the following particulars of his income for the KS AY 2022-23.
He has the following investments as on 1/4/2021
Rs-50,000 5% Central Govt Loan
Rs.40,000 6% Govt. securities
Rs20,000 8% Preference shares a paper mill
Rs. 20,000 Equity shares of a tea company whose 60% income IS deemed to be agricultural
Dividend received income. on 1/5/2021 is Rs. 4000.
Rs.60,000 15% debentures of a limited co (listed)
Rs.10,00010% securities issued by the Govt of Nepal.
Rs.50,000 National Savings Certificate (acquired on 1/1 1/2020)
Interest accrued for the FY Rs.4520
Rs.18,000 10% (tax free) debentures of a limited co (unlisted)
Rs.5000 Debentures of a cooperative society, Interest received during the year Rs.450
Rs.140,000 FD in SBI for 5 years.The interest accrued for the year Rs.14,000
TDS @10%

On 1st Sept 2021, he bought Rs.50,000; Punjab Govt Loan Interest on which is payable on 31 Dec. For
this purpose, he took a loan from his bankers for Rs.40,000 at 10% pa and Rs:20,000 were financed
out of a personal loan taken for the purchase of motor car @10% pa Bank collection charges on interest
amounted Rs 800 and a commission of Rs.1 800 was paid on purchase of securities. Compute his
income from other sources for the A Y 2022-23.

19. From the following information of Mr. E for the previous year ended 31" March 2019, compute his
total income.
a)Director's fees from a company Rs.10,000
b)Interest from Bank deposit Rs.3,000
c)Income from undisclosed source Rs.12,000
d)Winnings from lottery(Net) Rs. 82,200
e)Royalty on a book written by him Rs,8,000
f)By giving lectures in functions Rs,$5,000
g)Interest on Loan given to a relative Rs,7,000
h)Interest on tax free debentures of a company(listed on stock exchange)Net Rs,3,560
i)Dividend on shares Rs.6,400
j)Interest on post office savings account Rs,500
k)Interest on govt security Rs.2,200
l)A sum of Rs.26,000 received as gift from a friend
m)A sum of Rs,50,000 received as gift from his sister

He paid Rs. 20 for collection of dividend and Rs. 1000 for typing the manuscripts of book written by
him.

20. An assessee had the following investments as on 1st April 2016.


i)₹40,000/- @ 12% Central Govt. Loan
ii)₹30.000/- @ 10% Govt. Securities
iii) ₹ 20,000/- @ 9% Preference shares of Paper Mill Company
iv)50,000/- @ 1 1% Bombay Port Trust Bonds
v)₹20.000/- @ 15% Debentures of a listed company (unlisted)
vi) ₹ 10,000/- @ 10% Securities issued by Govt. of England
vii) 10,000/- @ 9% National Relief Bonds

viii)₹ 20,000/- @ 14% Municipal Debentures


ix)Interest accrued on NSC VIIL issue purchased on 11.3.2016 is ₹ 1,130/-
x)Rs. 18,000/- @ 10% (Tax-free) Debentures of a limited company(unlisted)
On 1st September,2016 he bought ₹ 50,000/- @ 12% Maharashtra Govt. bonds for ₹ 60,000, the
interest of which is payable on 30 June and 31$ December. For this purpose, he took a loan from his
bankers for ₹ 40,000 at the rate of 15% per annum and the balance of ₹20,000 was financed out of a
previous loan taken for purchase of motor car @ 9% per annum. The bank charged 2% of interest and
dividend as collection charges and 3% commission on purchase of securities. Calculate the Income
from Other Sources.
UNIT 5- DEDUCTIONS
WORKSHEET 5

SECTION A (10×3=30)

1. Write a short note on deductions out of gross total income.


2. Write a short note on Section 80C.
3. Compute the amount of Deduction u/s. 80-GG.
Total Income ₹6,12,300
Payment of rent ₹80,000
Deductions u/s 80C to 80U Nil
4. Explain how deduction Under section 80CCD(1B) is availed.
5. What is the qualifying amount u/s 80G?
6. Write a note on section 80CCD.
7. List any four claims that qualify for deductions u/s 80C.
8. Briefly explain deduction u/s 80E.
9. Discuss the deductions u/s 80TTD.
10. Mr. A got medical insurance of all family members and paid a premium of 26,000 and 42,000 for his
dependent parents (senior citizens) in the previous year 2021-22. Calculate the amount of deduction u/s
80D.

SECTION B (5×8=40)

11. Explain the procedure of calculating deductions u/s. 80-G.


12. Outline the 80G provision - 100% Deduction without qualification limit.
13. Calculate Deduction U/S 80 C from the following:

Contribution to RPF 15,000

Contribution towards NSC-VII Issue 11,000

Insurance Premium on own life (sum assured 1,50,000) 25,000

Contribution towards the life of his wife (sum assured₹ 45,000) 2,500

14. Calculate the amount deductible under section 80-G. Gross Total Income 3,00,000. Deduction u/s 80-C to
80-U except Sec. 80-G₹ 50,000. Donation: PM National Relief Fund 30,000. Allahabad university -
National Eminence ₹20,000. Technology Development and Application Fund 10,000. PM's Drought
Relief Fund 10,000. Charitable Society 10,000. Family Planning 15,000. Sports Association 20,000.
15. Shri Anil earned total income of ₹5,00,000 in the previous year 2022-23 and made the following donations
during the year:
(i)₹10,000 to Chief Minister's Earthquake Relief Fund Gujarat.
(ii) 15,000 to National foundation for Communal Harmony.
(iii) 20,000 to Municipal Corporation approved for promotion of family planning.
(iv) 45,000 to approved institutions.
(v) ₹20,000 to Swachh Bharat Kosh.
Compute the amount of deduction admissible to him u/s 80G for the assessment year 2023-24.

16. Outline any ten deductions allowable from the gross total income u/s 80.
17. Compute the deduction section 80G.
1. Gross total income 5,00,000
2.Deducation u/s 80C to 80U [except us 80g] 35,000
3.Donation by cheques.
a. National children’s fund 25,000
b. P. M. National relief fund 20,000
c. Family planning 12,000
d. Delhi University-National eminence 30,000
e. Sports association 15,000
f. P.M. drought relief fund 10,000
g. Jawaharlal Nehru memorial fund 25,000
h. Public charitable institution registered u/s 80G 60,000

18. Mr. Soni whose gross total income is Rs. 40,00,000 makes the following donations during the
previous year ending on 31-3-2023

1. To Prime Minister's National Relief Fund 1,00,000

2. To National Defense Fund 2,00,000

3.To a temple of public worship for its repair (so notified) 2.00.000

4. To a local college for construction of Commerce Block 1,00,000

5. To a poor student as aid 10,000

6. To Municipal Committee 1,00,000

7. To P.G.I. Chandigarh for promotion of Family Planning. 50,000

8. To Chief Minister's Earthquake Relief Fund Maharashtra 20,000

The gross total income includes 10,00,000 as profit on sale of long-term capital assets.Compute his total
income for the assessment year 2022-23.
SECTION C (1×15=30)

19. From the particulars given below estimate the total income of Mr. S. K. Giri a physically
handicapped person for the assessment year.
Salary received from employer 3,00,000.
The annual rental value of the let-out house 15,000.
Interest on loan taken to buy another house which is self-occupied 20,000.
He had sold another residential house on 1/4/20 for 24,00,000. Its FMV on 1/4/01 was 20,000. Out of
capital gain of the house he invested 5,00,000 in the bonds of National highways authority notified
under sec54EC (CII FOR 2020-21 IS 301)
He won 40,000 in race course betting and 2,000 in lottery.
He paid 6,000 by cheque as premium to secure the health insurance policy of GIC for his family.
His dependent mother who is suffering from cancer and he spent 46,500 on her treatment. His minor son
is mentally retarded, and he spent on his special education during the year 15,000.
He donated to Karnataka CM relief fund 10,000.
He gave 2,000 for repair of a notified temple and 1,500nto family planning association of India.

20. Estimate his total income and find out qualifying amount for deduction 80c.
From the following particulars of Mr. k who is working in pvt co Delhi (population above 25 lakhs)
Salary Rs 25,000pm.
Bonus Rs.20,000 per month.
DA 5,000 p.m. (Rs.3,000 per month enters)
Salary in lieu of past accumulated leave Rs. 15,000.
Entertainment allowance Rs.1,500 p.m.
Reimbursement of conveyance expenditure incurred in the performance of duty Rs.1,500 per month.
Furnished house at concessional rent of Rs.3,000 per month.
Fair rental value Rs,6,500 p.m., cost of furniture.
Rs3,50,000 salary of garner Rs. 1,000 per annum.
Club bill paid by employer Rs.7,200 per annum.
Employer and employee contribution to RPF 13% of salary each.
Reimbursement of medical expense in respect to treatment of notified disease Rs.20,000(Approved
hospital)
Life Insurance premium paid.
Own life Rs.20,000 per annum Wife life Rs. 15,000 per annum Major son Rs.12,000 per annum.
ELSS deposit Rs.20,000.
Contribution to PPF RS.24,000 per annum.
21. Mr. Kothandam, a resident individual submits the following details for the previous year 2015-2016.
1. Contribution towards Pension Fund of LIC 35,000
2. Medical expenditure on the health of his father of 80 years 40,000
3. Medical treatment of dependent handicapped Brother 15,000
4. Deposit with UTI for the maintenance of the
Dependent handicapped brother 40,000
Salary income of the assessee is 1,70,000 p. a
Professional Tax paid 1,200.
Find out the deductions eligible u/s. 80C to 80. What is the amount of deduction eligible us. 80DD if his
brother is of 60 years age?
DEDUCTIONS OUT OF GROSS TOTAL INCOME

3 MARKS
1. WHAT IS THE QUALIFYING AMOUNT u/s 80G ?

2. MR.A GOT MEDICAL INSURANCE OF ALL FAMILY MEMBERS AND PAID A PREMIUM OF ₹26,000
AND ₹42,000 FOR HIS DEPENDENT PARENTS (SENIOR CITIZENS) IN THE PREVIOUS YEAR 2023-24.
CALCULATE THE AMOUNT OF DEDUCTION U/S 80D.

3. Explain the term “gross total income”?

4. Explain deduction U/S 80E?

8 MARKS
1. Shri Anil earned gross total income of ₹5,00,000 in the previous year 2023-2024 and made
the following donations during the year:
 ₹10,000 to chief minister,s earthquake relief fund Gujarat
 ₹15,000 to national foundation for communal harmony
 ₹20,000 to municipal corporation approved for promotion of family planning
 ₹45,000 to approved institutions
 ₹20,000 to swachh bharat kosh

Compute the amount of deduction admissible to him u/s 80G for the assessment year2024-2025
under the old tax regime .

2. outline any ten deductions allowable from the gross total income u/s 80?

3. Calculate the amount deductable under section 80G gross total income ₹3,00,000. Deduction
u/s 80C to 80U except sec 80G ₹50,000 donation: pm national relief fund ₹30,000 allahabad
university –national eminence ₹20,000 technology development and application fund ₹10,000 pm’s
drought relief fund ₹10,000 charitable society ₹10,000 family planning ₹15,000. Sports association
₹30,000.

4. Outline the 80G provision -100% deduction without qualification limit?

5. Calculation deductions US 80C from the following

 Contribution to RPF ₹ 15,000


 Contribution towards NSC-VII issue ₹11,000
 Insurance premium on own life { sum assured ₹1,50,000 } ₹25,000
 Contribution towards the life of his wife {sum assured ₹45,000} ₹2,500

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