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Questions:

1. Mr. A is the director of a company & he receives sitting fee of Rs. 20,000 p.a.State with reasons which Head of Income it is chargea!e to ta"#

2. Mr. $ is a director in a %vt. td. 'o & is entit!ed to month!y sa!ary of Rs. 10,000 . He

a!so receives sitting fees of Rs. (,000) p.a. State with reasons which Head of Income,these rem*neration are chargea!e to ta".

+. Mr. ' is a partner of a firm & receives Rs. + !acs as sa!ary d*ring the year.

State *nder which Head of Income it is chargea!e to ta".

. Mr. - is a director in a %vt. td. 'o & he receives interest of Rs. 10,000 for the !oan

given to 'o. State *nder which Head of income is chargea!e to ta".(. Mr. is a partner of a partnership firm & receives interest of Rs. 1,00,000 on his capita!.

State *nder which Head of Income is the interest is chargea!e to ta".

/. Ms. an actress receives Rs. 1 crore as a prie money for winning $ig $oss. State *nder

which Head of income is this chargea!e to ta".. Ms. 3, an actress participated in $ig $oss she didn4t win the event *t received Rs. 12

!a5hs for ( days participating in the program. State *nder which Head of income is this

chargea!e to ta".

6. Mr. H receives fami!y pension of Rs. 2,000. State *nder which Head of Income is this

income chargea!e to ta" & amt of ded*ction avai!a!e.

7. Mr. I receives the fo!!owing interest & -ividend income.

1. -ividend from Indian co. Rs. 10,0002. -ivided from oreign co. Rs. 20,000

+. -ivided from 'o.)operative $an5 Rs. 2(,000

. Interest on %% A8c Rs. (0,000

State the ta"a!e amt *nder the income from other so*rce

10. Mr. I is a part) time a*thor of vario*s oo5s on management princip!es the receives

Roya!ty of Rs. + a5hs. He spends Rs. (0,000 on p*rchase of $oo5s, magaines,

 9o*rna!s for *pdating his 5now!edge & Rs. 2(,000 cons*!tation for ta" matter. State the

ta"a!e income.

11. Mr. : receives + gifts Rs. 1(,000 each on the occasion of his $4day from his friends.

State the ta"a!e amt of gift.

12. Mr. receives + gifts of Rs. 16,000 each from his friends on the occasion of marriage

anniversary. State the ta"a!e amo*nt of 3ift

1+. Mr. M receives ( gifts of Rs. 16,000 each on the occasion of p*rchase of new ho*se. ;*tof which + are from re!atives. State the ear. aptop is

worth Rs. /0,000 State the ta"a!e amo*nt of gift.

1/. Mr. % receives the fo!!owing gifts,

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1. Rs. 0,000 from his friends

2. Rs. +0,000 from his da*ghter

+. Rs. 2(,000 from his sister. Rs. 1(,000 from his sister4s son. 'a!c*!ate ta"a!e amt of gift.