Q. No. 22 G. Ganesan has prepared the following Profit and Loss Account for the year ending March 31, 2020 : Salaries Advertisement 8,000 Gross Profit 30,800 4,000 Sundry expenses Rental Income 4,500 Interest on capital (50% portion) 18,000 2,000 Dividends from an Fire Insurance 3,000 ( 1,000 relates to house property) Indian company (gross) 4,000 Winning from lottery (gross) 20,000 Income-tax 7,000 Interest on Household expenses 2,500 Govt. securities 2,000 Bad Debts 1,000 Provisions of bad debts 500 Repairs of house property 1,000 Municipal taxes of house property 3,600 Insurance premium on own life 6,000 Donation to Prime Minister's Relief Fund 2,000 Depreciation 3,700 Net Profit 26,000 74,800 74,800 Ganesan owns a house property which is being used by him for the following purposes : (a) 25% of the carpet area for his own business purposes. (b) 25% of the carpet area for the purpose of self-residence. (C) 50% of the carpet area is let out for residential purposes. Compute the business profit of Ganesan for the assessment year 2020-21. [Hints : Net Business Profit 6,200]