Question

1. (a) Mr Smith is a foreign citizen. Since 1985 he visits India every year in the month of April
for 100 days. Find out the residential status of Mr Smith for the Assessment year 2020-21.
(b) Mr Z is a private sector employee covered by the Payment of Gratuity Act 1972, retired
on Nov.30th 2019 after a continuous service of 22 years and 10 months in the concern and
received a Gratuity of Rs. 35,000 in December 15th 2019. His basic pay and dearness
allowance for the last month was Rs. 2,800.
I
Calculate the amount of Gratuity taxable in the hands of Mr Z.
(c) Mr X submits the following particulars of the incomes and outgoings for the year 2019-20
(i) Income from lottery (net after deduction of tax @30%) Rs 84,000
(ii) Rent from sub-letting of house Rs. 1,08,000; rent collection charge Rs. 1,800;
Insurance Premium Rs. 4,800; rent paid Rs. 84,000
(iii) Dividend from ABPL Ltd, an Indian Company Rs. 24,000
(iv) Dividend from Johnson Ltd., a foreign Company Rs. 72,000
Compute his income from other sources for the assessment year 2020-21.
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Answer 1

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Answer 2

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