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1 (a) Compute Total Income and Tax Liability of Ashok from the following information Income from salary Rs. 5,30,000 Loss from self occupied House Rs.
1 (a) Compute Total Income and Tax Liability of Ashok from the following information Income from salary Rs. 5,30,000 Loss from self occupied House Rs. 45,000 Profits from Business Rs. 3,70,000 Loss from Short terms Capital Asset Rs. 50,000 Gains from Long term Capital Asset Rs. 2,50,000 Income from Other Sources rs. 2,50,000 Brought forward Business Losses Rs. 1,90,000 Qualified savings of u/s 80C Rs. 50,000 and Deduction u/s 80D Rs. 5000 OR ain various types of Assessments. OR (b) Compute Total Income and Tax Liability for the Assessment year 2018-19. (0) Income from salaries 3,00,000 (ii) Income from Let-out House 2,00,000 (ili) Loss from Self-occupied House 1,50,000 (iv) Income from Business 1,00,000 (v) Long Term Capital Gains 50,000 (vi) Short Term Capital Loss 120,000 (vii) Winnings from Lotteries (Net) 63,000 63000 X1OO2 70
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