4. a) Mr Roy a business man, furnishes the following particulars of his income and loss for
the previous year 2019-2020:
10.000
10.000
Particulars
Income from house property in Dinajpur
Loss from self-occupied house property
Profits from speculation business in jute
Loss from speculation business in grains
Profits from retail business in cloth
Loss from stationery business
Long-term capital gain on transfer of house property
Long-term capital loss on sale of land
Short-term capital loss on sale of gold
35.000
20.000
20.000
Compute his total income for the assessment year 2020-2021.
b) Mr Sinha purchased a house on 12.02.1997 for Rs. 3,40,000 (Fair Market Value as on
01.04.2001 Rs. 5,00,000). On 05.02.2020 he sold the house for Rs. 20,00,000 and paid
brokerage @2%.
Compute his Capital gain for the assessment year2020-2021.
ICll for 2001-2002:100; 2019-2020:289)
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Answer:
accounts........... ok
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