Mr. Nekinsaan, aged 43 years, provides following income details forP.Y. 2020-21 as follows:Capital Gains under section 112A ₹ 120 LakhsCapital Gains under section 111A ₹ 110 LakhsOther Income ₹ 520 LakhsWhat shall be the tax liability of Mr. Nekinsaan as per regularprovisions of the Income-tax Act, 1961 for A.Y. 2021-22?a.₹ 256.52 lakhsb.₹ 260.06 lakhsc.₹ 253.56 Lakhsd.₹ 253.68 lakhs

Mr. Babu purchases a piece of agricultural land in urban area in 2006-07 for Rs. 1,00,000. He was using it for agricultural purpose and in March 2021 he sold the same for Rs. 12,00,000. He purchases another piece of agricultural land immediately for Rs. 5,00,000 and deposited Rs. 3,50,000 in Capital Gains Accounts Scheme, 1988. Find out Capital Gains Taxable if any, for the year 2020-21. Cost Inflation Index : 2006-07 - 122, 2020-21 - 301.

) Following transactions are given: [5]Magh 3: Opening bank balance Rs. 1,50,000.Magh 6: Received revolving fund of Rs. 3,00,000 through NRB transfer. Magh 12: Purchased motorcycle for Rs. 75,000 and paid through cheque. Magh 15: Furniture purchase advance of Madhu Thapa Rs. 50,000 Is cleared as per the bill submitted by him.Magh 25: The total salary of the month Rs. 55,000 is distributed after deducting provident fund Rs. 10,000 and income tax Rs. 4,000. Required: Bank Cash Book.

The Statement of Profit & Loss of XY Ltd., for the year ended 31st March 2023 shows a net profit of ₹ 15,00,000. TheStatement of Profit & Loss includes the following items among others:1,00,000Dividend from an Indian Company23,000Net Rent from house property (let out to outsiders) after debiting repairs₹ 1,000 and municipal tax ₹ 3,00020,00,000Provision for taxation60,000Cost of maintenance of a liaison office in New York for promoting exports3,000Legal expenses for contesting a suit for eviction from a premises used asa showroom20,000Interest on loan15,000Amount embezzled by the cashier of the company, which is irrecoverableEntire amount of dividend income from another Indian Company has been distributed as dividend to its shareholders on10.9.2022.Compute the total income of the company for the relevant assessment year.

Mr. Naveen, an individual resident in India, aged 52 years, earned royalty income of 15 lakhs from XY Inc. of Canada, for writing articles in journals and newspapers for the year ended 31.03.2023. However, he received only 12.50 lakhs during the previous year 2022-23 and the balance is outstanding as on 31.03.2023. He maintains cash system of accounting for royalty income. He also earned a rental income of 2.40 lakhs (gross) from a house situated in Canada. Municipal taxes paid in respect of the house amounted to 10,000 which is not allowed as deduction in Canada. DTAA between India and Canada provides for tax@15% in Canada without prejudice to taxation of the same income in India. He further received 3.50 lakhs during the year, as dividend from X Ltd., an Indian company. On 1.04.2022, he took an educational loan from bank for his son who was pursuing MBA. Annual repayment of loan and interest amounted to 1.20 lakhs and 0.24 lakhs, respectively. Compute the total income and tax payable by Mr. Naveen in India for the Assessment Year 2023-24, assuming that he does not opt for section 115BAC.

Given - Fixed Assets ₹ 3,00,000, Current Assets ₹ 1,50,000, Current Liabilities ₹ 50,000, Debenture ₹ 1,50,000, Reserve ₹ 20,000, Net Assets will be. (दिया गया है - स्थायी सम्पत्तियाँ ₹ 3,00,000, चालू सम्पत्तियाँ ₹ 1,50,000, चालू दायित्व ₹ 50,000, ऋणपत्र ₹ 1,50,000, संचय ₹ 20,000, शुद्ध सम्पत्तियाँ होंगी)a.₹ 4,00,000b.₹ 2,50,000c.₹ 3,00,000d.₹ 2,30,000