Question : Mrs. Geetha and Mrs. Leena are sisters and they earned the following income during the Financial Year 2018-19. Mrs. Geetha is settled in Malaysia since 1986 and visits India for a month every year. Mrs. Leena is settled in Indore since her marriage in 1994. Compute the total income of Mrs. Geetha and Mrs. Leena for the assessment year 2019-20: SI. Particulars Mrs. Geetha Mrs. Leena No. (i) Income from Profession in Malaysia, (set up in 15,000 India) received there (ii) Profit from business in Delhi, but managed 40,000 directly from Malaysia (iii) Rent (computed) from property in Malaysia 1,20,000 deposited in a Bank at Malaysia, later on remitted to India through approved banking channels. (iv) Dividend from PQR Lid. an Indian Company 5,000 9,000 (v) Dividend from a Malaysian company received in 15,000 8,000 Malaysia (vi) Cash gift received from a friend on Mrs. Leena's 51,000 50th birthday (vii) Agricultural income from land in Maharashtra 7,500 4.000 (viii) Past foreign untaxed income brought to India 5,000 (ix) Fees for technical services rendered in India 25,000 received in Malaysia Income from business in Pune (Mrs. Geetha 12,000 15,000 receives 50% of the income in India) (xi) Interest on debentures in an Indian company (Mrs. 18,500 14,000 Geetha received the same in Malaysia) (xii) Short-term capital gain on sale of shares of an 15,000 25,500 Indian company (xii) Interest on savings account with SBI 12,000 8,000 (xiv) Life Insurance premium paid to LIC 30,000