Format for computing taxable 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

Taxable income from other sources xxxx

Category Exempted amount limi for Post offcie saving bank interest
Indvidual 3500
Joint account 7000
X A resident Individual, submits the following particulars of his income for the previouse year ending 31 march 2021

Name of the paying company Date of declaration of dividend Amount paid to X

A ltd a foreign company July 15 2020 90000
B ltd a foreign company April 1 2020 43000
C ltd an Indian company October 31 2020 400000

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

During the previous year X, has received the following gifts

Gift from whom Date of gift Amount
Gift from friend August 20 2020 100000
Gift from friend September 10 2020 60000
Gift from brother December 30 2020 90000
Gift from grandfather received by
will October 1 2020 140000
Gift from friends at the time of
Marriage of X October 10 2020 135000
Gift from friend September 20 2020 20000
Determine the income from other sources for the AY 2021-22
ouse year ending 31 march 2021

Interest paid by X on capital borrowed to invest in shares

14000
50000
Nil

ry cannot be separated from letting out of plant and machinery)

espect of building Rs.600. Fire insurance premium in respect of plant
reciation of building ,Plant and machinery Rs.18600
at source Rs.30,000
Computation of income from Other sources For the AY 2021-22 of MR,X
Particulars Amount Amount
Dividend
A ltd 90000
B ltd 43000
C Lts 400000
Total 533000
Less: Interest paid By Mr.X ( 14000 + 50000) 64000

( 533000 X 20 % = 106600) 469000

Rent received 30600
Less: Expenses ( 400+600+750+4600+18600) 24950 5650
Winning from lottory 70000
Add: Tax deducted Source 30000 100000
Winning from card games 13500
Interest on securities 30670
Gift
Gift from friend 100000
Gift from friend 60000

Gift From brother Nil

Gift from grandfather received by will Nil

Gift From Friend at the time of marriage Nil
Gift From friend 20000 180000

Income from other sources 798820

X holds the following securities on 1 April 2020
Rs.10,00,000 5% UP governament securities ( date of payment of interest Jan 1)
Rs.40000 6 % Non listed debentures of ABC ltd ( Date of payment of interest June 11 and Decembe
Rs.25000 8 % debentures of PQR lts ( Date of payment of interest: June 15 and December 15th eve

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.

Computation of income from Other sources For the AY 2021-22 of MR,X

Particulars
UP Government securities (10,00,000 X 5%)
6 % non listed debentures ( 40000 X 6%)
8 % debentures of PQR
(25000 X 8% X1/2)
Post office saving bank interest ( 4300- 3500)
SBI Saving Bank Interest
Gift

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

Rent received (1600X 12) 19200

Less Rent paid (1000X 12) 12000 7200
Dividend from Indian Company Exempted
Cricket gambling 500
Agricultural income from Pakistan 10000
Agricultural income from Kanpur Exempted
Salary of MLA 30000
Share in HUF Exempted
Dividend received from Coperative society 6000

Income from Other sources 53700

From the following particulars of Mr. Amarpreet thind, Compute the amount of taxable gifts chargable as " Income from other
1) He received a cheque of Rs.1,00,000 as a gift from his grandfather on 15th may 2020
2) He received Rs.21000 from his friend from canada as a gift on 31st May 2020
3) He received Rs.5,00,000 under a will from his grandmother on 30 june 2020
4) He received Rs.50,000 from his father's friend on 30th June 2020
5) He received Rs.75,000 as gift from his uncle on 30th sep 2018 on his birthday
6) He received Rs.20000 as gift from his employer on 1st October 2020
7) He received a gift of Rs.51000 from his father's brother on 30 november 2020

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