Question

From the following particular compute the total income of Mr. Alok Jha for Assessment
Year 2020-21.
● 6% (less-tax) debentures of arvind mills ltd. (face value) Rs. 65,000.
● House Race income Rs. 25000 (net amount)
● Family pension Rs. 26,000.
● Interest on post-office saving bank Rs. 10,500
● Profit from transfer of shares Rs. 6000
● Salary as a MLA Rs. 90000 daily allowance Rs. 44000 constituency allowance Rs. 48000
and other Allowance Rs. 8,500
● Dividend received Rs. 6000 from co-operative society
● On the occasion of his birthday (10/01/2020) he received Rs. 29,000 as gift from his
father’s friends and received Rs. 200 each from 20 friends.
● Prizes of U.P. state lottery Rs. 10550. (Net amount

Answer 1

Answer:

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