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9. From the following informations of income of Mrs. Sethi, who is 70 years old and is disabled, compute the total income and tax liability

9. From the following informations of income of Mrs. Sethi, who is 70 years old and is disabled, compute the total income and tax liability for the assessment year 2017-18: (i) Income from House Property (Computed) (ii) Income from Business or Profession (iii) Short-term Capital Gain 2,60,000 2,25,000 30,000 (iv) Long-term Capital Loss in respect of Assets (v) Bank Interest on Fixed Deposit received 15,000 99,000 (vi) Interest on Post Office Saving Account 6,800 [Ans.: Total Income 5,50,000; Net Tax Liability 19,900.] Note: Long-term capital loss can only be set-off against long-term capital gains

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