Question

mr mahendra provides the following particulars of his income for the year ended on 31‐3‐2020: 1. basic salary rs 12500 p.m 2. bonus rs 600 p.m 3. he owns a house property and the same is let out for a monthly rent of rs 1250 . municipal value of the house is rs12000.muncipal taxes paid him during the previous year amounted to rs 3000.he received dividend on shares of an indian company in may 2019 rs12400 and earned income of rs 48000 from bank interest on saving bank deposits 5. profits of an industry established in January,2004 in a backward state specified in v111th scjeduled rs 290000 6. he received rs5600 as prize in a camel race 7. he also paid the following donation/subscription: a. bmc for promotion of family planning rs 15000 b. the prime minister drought relief fund rs5000 c .the pmnrf 10000 d.donation to approve eduction institution rs 20000 8. NSC V111th issue for rs 78000 deposited rs 52000 with a schedule bank for 5 years in a notified scheme and deposited rs24000 in ppf account 9.contrubution rs 10000 to long term infrastructure bond of a company. 10. interest of rs 12000 paid on respect of a loan taken for purchasing electric vehicle .you are required to compute the total income of mr mahendra for the assessment year 2020‐21​

Answer 1

Answer:

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Explanation:

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