Question

Mr B aged 72 years, has earned rupees
75,00,000 out of his business . His ex-
wife gifted him a car worth rupees 8 lakh.
He spent a total of rupees 20 lakh during a
family trip. He won a lottery of 16 lakh
rupees. Out of happiness he gifted his
wife a diamond set of rupees 450000. He
bought a life insurance policy and paid a
premium of 55000 annually. He paid
tuition fee for his daughter for rupees
50000. He invested rupees 80000 in PPF.
One of his existing life insurance policy
got matured and he received a total of
rupees 35 lakh. Seeing his health
conditions the doctor adviced him a
medical test of rupees 7000 and after
which he bought a health insurance for
rupees 28000. Calculate his taxable
income and tax liability.
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Answer 1

Answer:

i think you should have to watch mr.bean daily so u can find the answer easily

Answer 2

Answer:

800000

Explanation: