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Question 2: Dr Jagannath, a Civil Surgeon, was in Government service till 30/06/2019. He joined as an adviser (part time) from 1st October, 2019, in a charitable dispensary on a salary of Rs. 20,000 per month. He owns a residential house property. Ground floor is occupied by him for his residence, the annual value of which is Rs. 30,000. First floor was built by him and was let out from 1st June, 2019 on a monthly rent of Rs. 2,500, after its completion in May, 2019. For the construction of first floor, he borrowed Rs. 2,00,000 @7.5% from HDFC Ltd. First and second floors are independent units of the house. As a professional, he is also a visiting surgeon to various hospitals. From the following further information furnished for the year ending 31st March, 2020, you are required to compute the total income for AY 2020-21. (in Rs.) a. b. c. d. e. f. Salary from Government Service House Rent allowance Gratuity received Leave at Credit encashment Commuted Pension Pension (of all 12 months) Gross receipts from various hospitals as visiting surgeon Car Petrol (incurred while visiting to various hospitals) Periodicals Donation to Prime Minister Relief Fund He purchased an old car on 1/06/2015 which is used for visits to hospitals. The written down value as on 1/04/2019 (Depreciation @15%) Royalty received on the text book in Hindi authored by him and recommended text book for schools 90,000 13,500 1,30,000 48,000 30,000 1,35,000 1,90,000 18,000 9,000 10,000 80,000 h. i. j. k. 1. 30,000 m. 10,000 Municipal Tax on House Property: Ground Floor = Rs. 4,000 First floor (paid on 15/04/2020) = Rs. 6,000 Repayment to Housing Development Finance Corporation Ltd. (Paid in March 2020 - Principal, Rs. 10,000+Interest Rs. 15,000) Deposit in Public Provident Fund a/c n. 25,000 0. 30,000 (10 marks)

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