Question

From the following particulars compute income from other sources of Mrs. Preeti for the
assessment year 2019-20
Rs.
Winning from Lottery (Net)
60,000
Dividend received from foreign company
10.00
Interest received on Govt. Securities
8.000
(iv) Won from Card Games
20.000
(v) Income from Hiring out personal Car
25.000
(vi)
Family pension (per month)
2.300
Interest on Loan Rs. 5.000 (for purchase of securities). Expenses of personal car (including
depreciation) Rs. 4.000; Bank Commission 2%​

Answer 1

Answer:

From the following particulars compute income from other sources of Mrs. Preeti for the

assessment year 2019-20

Rs.

Winning from Lottery (Net)

60,000

Dividend received from foreign company

10.00

Interest received on Govt. Securities

8.000

(iv) Won from Card Games

20.000

(v) Income from Hiring out personal Car

25.000

(vi)

Family pension (per month)

2.300

Interest on Loan Rs. 5.000 (for purchase of securities). Expenses of personal car (including

depreciation) Rs. 4.000; Bank Commission 2%

Explanation:

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