1.
Computation Of Income From
From the following compute the income Other Sources
from other sources for the assessment year
2024-2025 Dividend (Gross) 16,000
(a)Dividend (Gross) Rs.16,000 Winnings from horse races 40,000
(b)Winnings from horse races 40,000
(c) Winnings from lottery Winnings from lottery 1,00,000
tickets Rs. 1,00,000 tickets
1,56,000
2. Mr. Sreenivas submits the following particulars Computation Of Income From Other
of his income for the previous year ending March Sources
31, 2024. Dividends from X ltd, a 40,.000
Dividends from X Ltd., a foreign company foreign company (Gross)
(Gross) Rs. 40,000.
Dividends from Y Ltd., an Indian company Dividends from Y ltd, an 30,000
(Gross) Rs. 30,000. Indian company (Gross)
Dividends from Co-op society Rs. 3.000. Rs.30000
Determine the chargeable income under the head
Dividends from Cooperative 3,000
‘other sources
society Rs.3000
73,000
[Link]. Mohan, a resident individual, furnishes the following particulars of his income
for the previous year ending March 31, 2024.
Dividends from Microsoft, a foreign company (Gross) Rs. 60,000
Dividends from Telco (Gross) Rs. 7,000
Dividends from units of UTI Rs. 5,000
Calculation of income under the head other sources.
Dividends from Microsoft, a foreign company (gross) Rs.60, 000. 60,000
Dividend from Telco(gross) Rs.7000 7,000
Dividends from units of UTI Rs.5000. 5,000
72,000
4.From the following details find out income from other sources :
(i)Director's fees Rs. 5,000
(ii)Dividend from Indian company (Gross) Rs. 4,000
(iii)Income from Horse race Rs. 7,000
(iv)Royalty from books Rs. 9,000
(v)Dividend from Co-operative societies Rs. 3,000
Computation of income from other sources
Director's fees 5,000
Dividend from Indian company (Gross) 4,000
Income from Horse race 7,000
Royalty from books 9,000
Dividend from Co-operative societies 3,000
28,000
[Link] the following particulars, Computation of income from other sources
compute the income from other sources for the A. Y. 24-25.
for the P. Y. 24-25.
Winnings from horse races 10,000
a) Winnings from horse races
10,000 Winnings from lottery tickets 50,000
b) Winnings from lottery
tickets 50,000 Dividend received (Net) TDS 90,000
c)Amount spent on lottery tickets 10%
81,000 x 100/90
5,000
d) Dividend received (Net) TDS 10% 1,50,000
81,000
6. Mr. Senthil furnished the following incomes during 2023-2024. Compute
taxable income under ‘other sources’.
A) Winning from Tamilnadu State
lottery Rs- 1,80,000
B) Winning from Horse races (Amount won) Rs- 1,500
C) Winning from cross word puzzle Rs- 15,000
D)Winning from card games Rs- 20,000
E) Winning from gambling and bettings Rs-
25,000 Loss from Card games Rs- 10,000
Expenses on buying lottery tickets Rs- 500
Calculation of income under the head other sources.
Winning from Tamil Nadu State Lottery Rs. 1,80,000 1,80,000
Winning from Horse races (Amount won) Rs. 1,500
Winning from cross word puzzle Rs. 15,000
Winning from Card games 20,000
Winnings from gambling and bettings 25,000
2,41,500
Directors fees 20,000
Interest from Bank 6,000
Income from undisclosed sources 24,000
Dividend on shares net (Domestic company) Rs. 63,000 70,000
63,000 x 100/90
Ground rent 600
1,20,600
8.Compute the income under the head Income from other sources of Mr. Arumugam.
(a)Interest (gross) on investments with a company Rs.10,000
(b)University remuneration for working as an examiner Rs. 8,000
(c) Royalty for writing books (He claims to have spent Rs. 20,000 for writing
these books) Rs. 80,000
(d)Dividend from a domestic company Rs. 12,000
(e)Interim Dividend Rs. 6,000
(d) Family pension Rs. 48,000
Computation of income from other sources
Interest (gross) on investments with a company 10,000
University remuneration for working as an examiner 8,000
Royalty for writing books 80,000
-) expenses on writing 20,000 60,000
Dividend from a domestic company 12,000
Interim Dividend 6,000
Family pension 48,000
-) standard deduction 15,000 33,000
Total income from other sources 1,29,000
9. Shri. Venumadhav gives the following particulars of his income for the previous
year ending March 31, 2024.
Winning from Lottery on January 1, 2022: net amount: Rs. 49,000.
Winning from Card games: Rs. 16,000.
Determine the income chargeable for the previous year 2023-24.
Calculation of income under the head other sources.
Particulars Amount
Winning from lottery 49,000 x 100/70 70,000
winnings from card games Rs.16,000 (it is gross amount hence not 16,000
needed to again to gross up)
86,000
10. Shri Govindan provides the following particulars of his income for the previous
year ending March 31, 2024.
Winning from horse race on 3rd October 2020 : net Amount : Rs. 1,47,000;
Winning from Lottery on November 5, 2020 : Rs. 15,000
Calculation of income under the head other sources.
winnings from horse race 210,000
1,47,000 x 100/70
Winning from lottery 49,000 x 100/70 15,000
2,25,000
11. From the following details, compute income from other sources for the year
2023- 24:
(i)Dividend Rs. 12,000
(ii) Rent from machineries Rs. 26,000 (bank collection charges Rs. 380;
Insurance premium Rs. 1,060; Depreciation Rs. 1,400; repair expenses Rs. 250)
(iii)Casual income (Net) Rs. 24,500
(iv)Interest on bank deposits Rs. 6,000
(v)Royalty income Rs. 18,000 ( Expenses Rs. 2,000)
Computation of income from other sources
Dividend 12,000
Rent from machineries 26,000
-) bank collection charges Rs. 380
Insurance premium Rs. 1,060
Depreciation Rs. 1,400
repair expenses Rs. 250 3,090 22,910
Casual income (Net) Rs. 24,500
24,500 x 100/70 35,000
Interest on bank deposits 6,000
Royalty income Rs. 18,000
- Expenses Rs. 2,000 16,000
Total income from other sources 91,910
12) Mr. Murugan gives you the following particulars in respect of his income for the financial year
2022-23. Compute his income from other sources for the assessment year 2023-24.
Interim dividend Rs. 40,000
Dividend from a company Rs.50,000
Director's fees Rs. 10,000
Rent from vacant land Rs. 12,000
Income from sub-letting Rs. 6,000
Interest on fixed deposit with a company Rs. 6,000 (gross).
Interim dividend Rs. 40,000
Dividend from a company Rs.50,000
Director's fees Rs. 10,000
Rent from vacant land Rs. 12,000
Income from sub-letting Rs. 6,000
Interest on fixed deposit with a company Rs. 6,000
Total. = 1,24,000
