Set-VI

University of Delhi: Practical Examination, December 2021

Paper BCH 3.2: Income Tax Law and Practice
B.Com. (Hons.) Semester III
E-filing of Income tax Returns

Duration: 1 hr Max Marks: 20

Q. Generate the income tax return in an appropriate ITR Form for AY 2021-22 from the data given
below:

Name Your name

Father’s name Your father’s name
PAN BICPA1205R
Date of Birth 06/10/1982
Address Your address
Mobile No. Your mobile number
Email Id Your email ID
Residential status Resident and Ordinarily Resident. Residing in
India for 315 days
Return to be filed 139(1), Original return
Name of employer TATA Motors Ltd.
Address of employer 115/25, South extension Part-1, Delhi (Pin
code – 110049)
PAN of the employer RIAPE7854E
Director of any Company No
Shareholding in unlisted corporations None
No. of bank accounts held by assessee 1
Name of Bank Canara Bank
Account Number 2848108014048
Refund (if any) to be credited √
IFSC code CNRB0002848
Type of Account Saving
Date of Filing 15/07/2021
Place of Filing Timarpur, Delhi

Income from salary

Basic salary 40,00,000
Contribution of Tata Motors Ltd.(employer) towards NPS 60,000
Dearness allowance (not forming part of retirement benefits) 13,00,000
Medical allowance 3,50,000
Transport allowance 1,59,200
HRA (Rent paid : 4,00,000) 4,00,000
Gift by employer (in Kind) 4,000
Gift by employer (in cash) 10,000

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Besides this, Motor car (1400 cc) facility has been provided to you, which is used partly for private
purposes and partly for official purposes during the previous year.

Income from House property (22/45, Rivera apartments, Timarpur, New Delhi - 110007 (Delhi))
Tenant Name: Ravi Kumar
Rent of property let out (no TDS) 5,80,000
Municipal taxes paid by owner 50,000
Municipal taxes paid by tenant 10,000
Municipal taxes outstanding 10,000
Interest on borrowed capital for renewal of house property 2,90,000

Income from capital gains

Sale consideration of listed debentures (date of transfer : 15/09/2020 and CII for 10,00,000
2020-21 : 301)
Cost of acquisition (date of acquisition: 05/10/2009 and CII for 2009-10: 148) 2,30,000
Investment in bonds of REC on 01/04/2021 2,50,000

Income from other sources

Bank interest from Canara Bank (Net of TDS @ 10%) 1,80,000
Gift (cash) received on marriage 30,000
Gift (cash) received on birthday 70,000
Dividend received from Reliance Ltd. (Indian Company) 20,000
Interest on Bonds (Gross) 25,000

Details of TDS
By Employer (TAN of Employer : RTKR12336E) 14,90,000
By Canara Bank (TAN of Bank : PTKE93839F) 20,000

Details of Advance tax/Self –assessment tax paid by assessee

15/12/2020 (BSR code of Bank : 0003490, Challan No. 00029) 80,000
08/06/2021 (BSR code of Bank : 0003490, Challan No. 00098) 2,50,000

Investments/ Expenditures
ULIPs of Tata AIA Life Insurance 1,80,000
Contribution of assessee towards NPS 60,000
Contribution of Tata Motors Ltd.(employer) towards NPS 60,000
Medical Insurance premium for assessee and spouse 30,000

Asset Details
Jewellery
Cost of Acquisition (1995-96) 2,00,000
Market value as on 31/03/2021 10,00,000
House Property
Cost of Acquisition (2003-04) 25,00,000
Market value as on 31/03/2021 75,00,000
Cash in hand as on 31/03/2021 50,000

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