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Income from letting of machinery, plant and furniture is –
In respect of winnings from lottery, crossword puzzle or race including horse race or card game etc.
The deduction allowable in respect of family pension taxable under “Income from other sources” is
Ram received ` 60,000 from his friend on the occasion of his birthday.
Mr. X aged, 61 years, received dividend of 8,00,000 from a domestic company in P.Y. 2019-2020 Tax chargeable under section 115BBDA is @10% on –
Mr. Y aged, 61 years, received dividend of 8,00,000 from a domestic company in P.Y. 2020-2021, Tax chargeable is –
Mr. Shubham has received a sum of 51,000 on 24.10.2020 from his friend on the occasion of his marriage anniversary.
Mr. Jitesh has received a sum of ` 75,000 on 24.10.2020 from his friend on the occasion of his marriage anniversary.
Suraj ’s bank account shows the following deposits during the financial year 2020- 21. Compute his total income for the A.Y. 2020-21 assuming that his income from house property (computed) is ` 62,000. (i)Gift from his sister in Amsterdam `2,30,000
(ii)Gift from his friend on his birthday 10,000
(iii)Dividend from shares of various Indian companies 12,600
(iv)Gift from his mother’s friend on his engagement 25,000
(v)Gift from his fiancée 75,000
(vi)Interest on bank deposits (Fixed Deposit) 25,000