Mr. Prakash has given the following particulars of his income for the previous year 2019-20 (1) Profits of business 80,000 including 40,000 received as compensation for termination of an agency. (i) Interest on Govt. Securities 1,800. (iii) Long-term capital gain 12.000 on sale of a building on 15th July, 2019. This building was constructed on 30th November, 1999 and was let-out on a monthly rent of 4,000 since then. (ly) Dividend received from an Indian Company 1,600. (v) Income received from units of the Unit Trust of India 1,800. (vi) Interest received on fixed deposits in a firm 2,700. He paid 2,500 for life insurance premium on policy taken during the previous year. The sum assured is 50,000 and invested 10,000 in National Savings Certificates (IX Issue) on 1-4-2019. Calculate his total income for the assessment year 2020-21.
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answer is 150900 is the correct answer see
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