Question 5: Dr. Saini is a practitioner. Besides his own practice, he works as a part-time surgeon in a private hospital for which he receives a monthly remuneration The doctor maintains a record of his receipts and payments and for the year ended 31" March, 2020, the following information is provided: 3,60,000 1,80,000 36,000 40,000 60,000 Receipts: Consultation Fee Receipts Gross Remuneration from the private hospital Interest on savings A/C (UCO Bank) Long term capital gain on sale of jewellery (STT Paid) Short term capital gain on sale of shares (STT Paid) Payments: Rent & Electricity charges for the clinic Telephone Charges Printing & Stationary Car Maintenance Wages of clinical assistant Driver's salary Life Insurance Premium 34,000 7,400 1,000 18,000 13,200 3,600 24,800 The written down value of the car (purchased in 2008) and the furniture at the clinic as on April 1, 2019 are noted to be Rs. 40,000 and Rs.20,000, respectively. 30% of the use of the car and telephone is attributable to personal and private purposes. Prepare a statement calculating PGBP income of the doctor for the assessment year 2020-21. (6 Marks) 06. Mr. Sudhir, manager of a company was working in Bhopal (Population 12 Lakhs). He has been provided with the Rent-free house in Bhopal hired by company at Rs. 4,500p.m. On 1/11/2019 he is transferred to Delhi (Population 25 Lakhs) where he is provided with company owned rent free house from 1/11/2-19. He stayed at Delhi whereas his family stayed on in Bhopal till 28/02/2020 and continue to occupy accommodation provided by the company. Compute the value of rent free house for the year ending on 31/3/2020 from the particulars given below: Salary (per month) Rs. 40,000 Transport allowance (per month) Rs. 2,800 Bonus Rs. 80,000 Commission on turnover achieved by him Rs. 34,700 Salary is due on the last date of the month. (5 marks) Q7. a.) A deduction of Rs. 66,000 was allowed to Mr. Zing in the Assessment Year 2016-17 relating to unrealised rent. During the Previous Year 2019-20, he realised Rs. 41,200 from the tenant and spent Rs. 9,900 for this realisation. Determine the amount assessable under the head "Income from House Property for the Assessment Year 2020- 21. Would your answer be different if Mr. Zing had disposed off the house in 2018-19? (2 marks) b.) Mr. A let-out a house to Mr. Bon 1.4.2012 @ Rs. 3,000 p.m. for five years. After the expiry of five years, Mr. Brefused to vacate the house. Hence, Mr. A filed a suit to get the house vacated and incurred expenses Rs. 1,000 in this connection. Later on, Mr. A agreed to renew the tenancy for five years w.e.f. 1.4.2017 if B pays him rent @ Rs. 4,000 p.m. B agreed to it and paid the arrears of rent from 1.4.2017 to 31.3.2019 on 1.6.2019. Mr. A paid the following amount during the previous year: House Tax Rs. 6,000 it Insurance premium Rs. 800 Ground rent Rs. 500 Find out the income from house property for the assessment year 2020-21
