Question

for the assessment Year 2020-21
2) Mr Seth makes the following investments/payments during the financial year
2019-2020
investment in NSC
Rs 70,000
Life insurance premium paid on own life
(Sum assured Rs 2.00.000)
R$ 22,000
Investment PPF
RS 30,000
Repayment of Lt HDFC Enduding interest of Rs 72.300) Rs 1.12,300
Loans MAY 1, 2013
Accred interest on NSC including 6 years interest of Rs 1930 RS 8930
His Grossalary for the year is
Rs.20,000
Compute the amount deductible w/ bo and his tealincome for the AY
2020-2021​

Answer 1

Answer:

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