Question

From the following particulars of Mr. P. K. Sharma, calculate total income

and net tax liability for the A. Y. 2019-2020 :

Rs.

(i) Rent from let out properties 20,000

(ii) Long term capital gains (completed) 30,000

(iii) Profit from own business 6,31,000

(iv) Income from lottery (gross) 1,00,000

(v) Net agricultural income 10,000

Answer 1

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