Income From Other Sources
Income From Other Sources
Income From Other Sources
Particulars Amount
Dividend XXX
Interest on securities XXX
Bank interest on fixed deposits XXX
Casual income XXX
Income from family pension XXX
Composite rent XXX
Income from subletting XXX
Rental income from Machinery. Plant and furniture XXX
Gifts XXX
Insurance commission XXX
Deemed incomes XXX
Mining rent/ Royalties/ Ground rent XXX
Withdrawal from National savings scheme XXX
Agriculture income from place outside India XXX
Directors fee and commission XXX
Salary received as a members of parliament or MLA or MLC XXX
Rent from land XXX
Examination fee received by a teacher XXX
Interest on employees contribution to an URPF XXX
Remuneration received for writing articles in journals XXX
Any annuity or pension received from LIC XXX
Remuneration for lecture delivered XXX
other incomes XXX
Rent from letting a factory along with plant and machinery ( Letting out of factory cannot be separated from le
Rs.30,600.Collection charges in respect of rent Rs.400, Fire insurance premium in respect of building Rs.600. Fire in
and machinery Rs.750. Repairs in respect of building Rs.4600. Depreciation of building ,Plant and m
Winning from Lottery on December 1st 2020: Net amount Rs.70,000, Tax deducted at source Rs.30,000
Winning from Card games Rs. 13500 ( Gross) ( Tax not deducted by the payer)
Interest on securities issued by Central Governament of Japan Rs.30670
On December 1 2020, X sells Rs.25000 8% debentures of PQR Ltd .Calculate the income from other
X for the AY 2021-22.His business income is Rs.564000, Post office saving bank interest is Rs.4300, S
bank interest is Rs.9500 and he has received a gift of Rs.1 lakh in foreign currency from a friend on
2020 on his marriage anniversary.
Income f
very year
Amount Amount
50000 Exempted amount limi for Post offcie saving bank interest
2400
1000 3500
7000
800
9500
exempted
63700
Indvidual
Joint account
From the following incomes of Mr. Raj ( resident) for the year ended 31-03-2021.Compute his income from other so
1) Director's fee
2) interest on Bank deposits
3) Income from undisclosed sources
4) Winning from lottories ( Net)
5) Royalty on book written
6) Income from lectures delivered
7) Interest on loan given to relative
8) Interest on tax free debentures of a company ( Net)
9) Dividend from cooperative society
10) interest on Post office S.B A/c
11)Interest on Central Govt Securities
He paid Rs.1000 for typing of the manuscript of the book
TDS Rate
Securities - 10%
Casual Income - 30%
) for the year ended 31-03-2021.Compute his income from other sources
10000
3000
12000
28000
8000
5000
7000
3600
8000
500
2200
Computation of Income from other sources of Mr. Raj for the AY 2021-22
Particulars Amount Amount
Director Fee 10000
Interest on bank deposit 3000
Income from undisclosed source 12000
Winning from lottory ( 28000x 100/70) 40000
Royalty on book written 8000
Less: Typing charges of Manuscrpit 1000 7000
Income from lecture 5000
Interest on loan given to relative 7000
Interest on tax free debenture (3600X 100/90) 4000
Dividend from cooperative society 8000
Interet on post offcie SB Nil
Interest on central governament securities Nil
Mr. Shankar Lal's income particulars are as under:
i) He took a house on the rent of Rs. 1,000 per month and let it out again for Rs. 1,600 per month.
Besides it he received Rs. 5,000 rent from his ownership house.
ii) Dividend from an Indian Company Rs. 4,000 (Gross)
iii) Speculation business profit Rs. 6,000 and Rs. 500 from cricket gambling.
iv) Agricultural income in Pakistan Rs 10,000 was not brought in India. Rs. 18,000 income from
agricultural land situated at Kanpur.
v) Salary as an M.L.A. Rs. 30,000 and Daily Allowances Rs. 4,000.
vi) Share in H.U.F. income Rs. 8,500.
vii) Dividend received Rs. 6,000 from Co-operative Society.
Compute Income from Other Sources.
Computation of Income from other sources of Mr. shankar for the AY 2021-22
Particulars Amount Amount
Income from Subletting
Computation of Income from other sources of Mr. Amarpreet Thind for the AY 2021-22
Particulars
Gift From grandfather
Gift from Friend from canada
Gift from Grandmother
Gift from father's friend
Gift from Uncle
Gift from Employer
Gift from Father's Brother
In
Amount Amount
Nil
21000
Nil
50000
NIL
NIL
NIL
71000