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Handwritten solution only. 7. Mr. Agarwal, an employee of a private firm, draws an annual salary [Basic plus DA] of #2,40,000. He also receives house
Handwritten solution only.
7. Mr. Agarwal, an employee of a private firm, draws an annual salary [Basic plus DA] of #2,40,000. He also receives house rent allowance @ $2,500 p.m. From 1st April, 2019 to 30th June, 2019, he was living in his parent's house. Thereafter, he was living in a rented house in Patna and was paying a rent of 33,200 p.m. Compute the amount of house rent allowance which is taxable during the assessment year 2020-21Step by Step Solution
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