Question

Mustration 3

Shri Hari Gopal is a member of parliament from Agra. During the Previous Year had the following incomes: a member of parliament, he received a salary of ? 4,000 p.m. and a daily allowance

2018-19

of 20,000 for attending various sessions. 2 He held the following investments :

(a) A 10% fixed deposit of 10,000 is held by him in a Bank. Interest is credited annually. (b) He received a dividend of 500 from a co-operative society.

3. He won 8,000 in crossword puzzles. 4. On 1st September, 2018 he purchased a plot of land for constructing his house. On account of a shortage of funds, he could not get this house constructed and hence let out the plot at * 150 per month from 1st November, 2018. 5. He has let machinery and furniture and also building to Mr. Krishna Gopal at a

monthly rent of 5,000. He spent 1,500 on the repair of machinery, furniture and building during the previous year. Depreciation allowed in respect of these assets for the previous year was 10,000. Compute the taxable income of Shri Hari Gopal under the head Income from Other sources​

Answer 1

Step-by-step explanation:

he is from gujrat. I hope it help u