The following are the particulars of Mr. X for the previous year 2019-20. You are asked to compute his net taxable liability or amount refundable as the case may be :
` Business Income 5,56,900
Rent of Property 1,00,000
Municipal tax on property paid 10,000 Agricultural Income 10,000
Long-term capital gain 15,000
Lottery winning from Kerala State 50,000 Life Insurance premium paid 10,000 Contribution to public provident fund 15,000 Casual income from crossword puzzles 1,200
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mobile number
Explanation:
mobile number
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