Question 1: Compute tax liability from the following information under the traditional taxation regime of Mr.X (aged 42 years for the A.Y 2021-22:- SI, No Particulars Amount () 1. Dividend received from Indian Company. Interest on loan 15,00,000 taken to eam such income is 5,00,000. Further, Dividend collection charges incurred 50,000. 2. Long-term capital gains u/s. 112A 5,00,000 3. Loan taken from Private Company where he has 12% voting 5,00,000 rights. The Accumulated Profit of the company is 4 lakhs. 4. Purchase of agricultural land in rural India. The Stamp Value 20,00,000 of which is 25,00,000. . Purchase of building in rural area in India on 1.4.2020 for his 30,00,000 residential purpose. The Stamp Value of which is 32,00,000. This property is fully financed by SBI @ 10% p.a. He does not own any other house property. 6. Interest on tax free bond issued by NHAI 1,00,000 7. Donation given to PM CARES Fund 2,00,000 8. Donation given to Shri Ram Janmabhoomi Teerth Kshetra 1,00,000 5. Question 1: Compute tax liability from the following information under the traditional taxation regime of Mr.X (aged 42 years for the A.Y 2021-22:- SI, No Particulars Amount () 1. Dividend received from Indian Company. Interest on loan 15,00,000 taken to eam such income is 5,00,000. Further, Dividend collection charges incurred 50,000. 2. Long-term capital gains u/s. 112A 5,00,000 3. Loan taken from Private Company where he has 12% voting 5,00,000 rights. The Accumulated Profit of the company is 4 lakhs. 4. Purchase of agricultural land in rural India. The Stamp Value 20,00,000 of which is 25,00,000. . Purchase of building in rural area in India on 1.4.2020 for his 30,00,000 residential purpose. The Stamp Value of which is 32,00,000. This property is fully financed by SBI @ 10% p.a. He does not own any other house property. 6. Interest on tax free bond issued by NHAI 1,00,000 7. Donation given to PM CARES Fund 2,00,000 8. Donation given to Shri Ram Janmabhoomi Teerth Kshetra 1,00,000 5