4948353831

15

Hc paid Rs. 17000 by chequc for Medical insurance for himself.

Compute his taxablc income for asscssmcnt ycar 2015-16

3. Mr. Manę is partially blind (85% disability). Hc fumishes the followinginformation. Profit and loss Account for the ycar ended 31.3.^0,15^.-■

Expenscs

To ofTice expensc ToAdvcrtisemem ToDrawings To Elcctricit)' Charges To Intcresl on business loan from Bank of India To depreciation To Misccllaneous Expenses To Advance income tax To Net profit eld Total

60,000

15.000

50.000

25.000

30.000

28.000 10,000 23,000

9,50,Ojtó?

ll,9frfc)0

Income

By Gross Profit b'd ByDividcnd from Saraswatco.cp. Bank

BysavingBank

Jo

Intcresl Byprizcn^^" rcceiv & parti^patingin

T

Total

o°

r IncomeTax Rulcs is ? 30.000

11,4

8000

15,000

20,000

11,91,000

Othcr Information

1.    Depreciation allowcd i

2.    Office cxpenscs u:cjQc Office repairs of <r21.000 paid in cask on 14.10.2014

3.    lntcrcst due on btfpmcss loan from Bank of India :s not paid before the duc dale of filing the inco^y7ax return.

you arc rctfS^d to computc the total income of Mr. Manę for tlie Asscssm&nt Ycar

2015-1^

OR

/

[ TURN OVER