Question 1: Mr. X has sold a residential House for 20,00,000 to Mr. Y on 15.3.2020 (Indexed cost of Acquisition 5 lakh). Brokerage on sale is 1%. The Stamp Duty Value of the property is 35,00.000. Out of the sale proceeds Mr. X purchases a new residential house on 15.6.2020 for 17.50,000. On the date of transfer of residential house Mr.X owned 3 houses. You are required to compute the Total income of Mr. X and Mr. Y for the A.Y 2020-21. Question 2: State in brief the applicability of tax deduction at source provisions, the rate and amount of tax deduction in the following cases for the financial year 2019-20: (1) Payment of 27,000 made to Jacques Kallis, a South African cricketer, by an Indian newspaper agency on 02-07-2019 for contribution of articles in relation to the sport of cricket (2) Rent of 1.70,000 paid by a partnership firm for use of plant and machinery. (3) Winning from horse race R1,50.000. (4) *2.00.000 paid to Mr. A, a resident individual on 22-02-2020 by the state of Uttar Pradesh on compulsory acquisition of his urban land Question 3: Mr. Mittal bas four minor children consisting of three daughters and one son. The annual income of all the children for the Assessment Year 2020-21 were as follows: First daughter (Including Scholarship received * 5.000) 10,000 Second Daughter 8,500 Third Daughter (Suffering from disability specified U/s 800) 4,500 Son 40,000 Mr. Mittal gifted 2,00.000 to his minor Son who invested the sane in the business and derived income of 20,000 which is included above. Compute the amount of income earned by Minor Children to be clubbed in the bands of Mr