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.
[10 Marks]
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