4948353805

QP Codc: 13900

3. (A) Mr. Karnik sold on 10.06.2014 his residcntiai house in Nashik for ? 75,00.000. It 08 was purchased on 07.07.!993 for?7,00,000. £xpenses on transfer amounted to r 1,20,000.

Mr. Karnik incurrcd expenscs cn improvement on old house in financial ycar 2005-06 ol' 7! ,40,000. He invested R$ 25,00,000 for porthase of ncw resicntial house on

o

31.10.2014.

You arc requ:rcd to computc Net Capital Gai.n for the ossessment ycar 2015-1 Rclevant Cos! Inflation Indices aieasundcr.

Financial Year    Cost Iriflatłon Index

1993-94    244

2005-06    497

2014-15    1024

&

'ł'

(B) Mr. Gupte providcs you the following information fo^iCyear ended 31.3.2015. You arc rcquircd to computc his taxable incomc Asscssmcnt year 2015-16.

07

Basic Sałaty Deamcss Alłowance Uividsndrecc:ved from Co-opcrativc Bank Ground Rent recetvcd'

YY4000 per month

0^

.<y

8000 per month

6000

30,000

12000

Dividend :eccived fpCłfrMutual Fund

«F

From the following infi^maticn ofMr. Vijay for the prcviousycat 2014-2015, computc 15 the Gross toial    for the asscssmcnt ycar 2015-16 ifhc is —

(a)    Residept^ftd Ordinarilyrcsidcnt

(b)    Resfoptlaut no: Ordinariiy resident

(c)    N«$łWidcnt

IncSmtyj >

(1) lorenc fiom business in Dubai, ^Tontrolled from London

7

50,000