Accountancy, asked by sonikasainwal, 5 months ago

Q1 Mr X has following incomes during the year ending 31-3-2017.Calculate income taxable
under the head of â€æincome from other sourceâ€• :
a)
He won gold worth Rs10,00,000 from Punjab state Lottery
b)
He earned Rs5,00,000 as prize money on horse races. Expenses incurred on maintenance
of horses amounted to Rs 2,00,000.

Answers

Answered by satishbhairajgor

5

Answer:

TOTAL AMOUNT TAXABLE IS 2,60,000Rs

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