Question

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1,00 dslelcol V
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*
Ans. : Income from Other Sources * 2,23,238.
7. Calculate Income from Other Sources from the following:
(1) Income from agricultural land in India 15,000.
(ii) Winning from lotteries (net amount) 21,000.
(iii) Income from letting of building and furniture 15,500. Expenses towards repairs
and depreciation towards building 2,000. The assessee owns the building.
(id) Dividend received from Indian company 5,000.
(0) Interest received from government securities * 6,000.
(vi) Interest received on debenture of local authority 5,000.
(vii) Interest received on debenture from ABC Ltd. (non-listed) * 4,000.
(vii) Interest received on 7-year Post Office NSC @ 7% 12,000.
Ans. : Income from Other Sources 58,800.​

Answer 1

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