(-) 10,000 5,000 1,00,000 5,000 5,000 allowed w.e.f. assessment year 2013-14. 7. From the following information, compute tax liability of Atul for the A.Y. 2017-18 : Business Loss Short-term Capital Gain Long-term Capital Gain Interest from Saving Bank Account Deposit in PPF Ans. Tax Liability * Nil] (Ujjain, 2006; Garhwal, 2005) 8. An individual has submitted following particulars of his income for the assessment year 2017-18 : 1,51,000 (i) Income from Salary 54,000 (ii) Income from House Property (Computed) 40,000 (iii) Income from Business 20,000 (iv) Long-term Capital Gains 69,000 (v) Winnings from Lottery and Bettings 15,000 (vi) Agriculture Income You are required to compute his gross tax liability for the assessment year 2017-18. [Ans. : Gross Tax Liability * 19,780)