Question

Mr. Shankar’s particulars of Income are as under:

a. He took a house on rent of Rs.1000 p.m. and let it out again for Rs.1,600 p.m. Besides he

received Rs.5,000 rent from his ownership house.

b. Dividend from an Indian company Rs.4,000 (Gross).

c. Speculation business profit Rs.6,000 and Rs, 500 from Cricket gambling.

d. Agricultural income from Pakistan rs.10,000 was not brought in India Rs.18,000. Income from

agricultural land situated at Kanpur.

e. Salary as an MLA Rs.30,000 and DA Rs.4,000.

f. Share in HUF income Rs. 8,500.

g. Dividend received Rs.6,000 from co-operative society.

Compute his Income from Other sources.​

Answer 1

Mr Sankar particular of income areas under

Explanation:

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