1. The total income of Mrs. X for the assessment year 2020-2021 is Rs. 2,70,000, which includes the following: Long term capital gains Rs. 30,000 Winnings from lotteries Rs. 20,000 Short-term capital gains covered by Section 111A Rs.10,000. Agricultural income earned by her was Rs.50,000. Compute her taxable income. *
Nil
Rs. 14,000
Rs. 20,000
Rs. 35,000
2. Mr. S, a resident of the USA, came to India for the first time on 1st May, 2012. He stayed in India for some time and left for South Africa on 1st May, 2013. He returned to India on 1st April, 2017 and went back to the USA on 1st December, 2017. He was posted back to India on 20th January 2020 and is still here. Determine his residential status for the assessment year 2020-2021. *
Resident
Resident but not ordinary resident
Non- resident
None of the above
3. Mr. Amalendu Roy is an employee of a non-government concern. During the previous year 2019-2020 he retired from service with a monthly pension of Rs. 9,000. He commuted 60% of the pension and received Rs. 5,58,000. He was not in receipt of any gratuity. Determine the amount which is taxable for the assessment year 2020-2021. *
Rs.95,000
Rs.93,000
Rs.105,000
Rs.50,000
4. Mr. Sachin is the owner of a house in Mumbai. The particulars of the house during the previous year 2019-2020 were as follows: Gross municipal value Rs. 41,000, Fair rent Rs. 44,000, Standard rent Rs. 40,000, Annual rent Rs.42,000, Unrealised rent for the current previous year Rs. 4,000, Vacancy period- 1 month, Municipal tax paid Rs. 4,000. Compute annual value of the let-out house property for the assessment year 2020-2021. *
Rs. 33,000
Rs. 29,000
Rs. 26,500
Rs. 32,500
5. For the assessment year 2020-2021, the gross total income of Mrs. Piyali was Rs. 2,28,240, which includes long-term capital gains of Rs. 45,000 and short-term capital gains (from sale of jewellery) Rs. 8,000. The gross total income of Piyali also includes interest from bank Rs. 12,000. Piyali deposited Rs. 60,000 in the Public Provident Fund Account and also paid Rs. 11,000 for
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Step-by-step explanation:
Let the no. of oranges =x= no. of bananas
Let the no. of oranges =x= no. of bananas cost price =5x+2x=7x
Let the no. of oranges =x= no. of bananas cost price =5x+2x=7xGain on oranges =
Let the no. of oranges =x= no. of bananas cost price =5x+2x=7xGain on oranges = 100
Let the no. of oranges =x= no. of bananas cost price =5x+2x=7xGain on oranges = 10020
Let the no. of oranges =x= no. of bananas cost price =5x+2x=7xGain on oranges = 10020
Let the no. of oranges =x= no. of bananas cost price =5x+2x=7xGain on oranges = 10020
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