Question

Compute income from other sources from the information given below:

(a) Received ₹ 30,000 as a gift from his friend.

(b) Received ₹1,00,000 as a gift from his elder brother.

(c) Received ₹2,40,000 as a gift of his marriage.

(d) Received ₹80,000 as a gift from his NRI Friend.

(e) Another gift of ₹28,000 received from his Friend.

(f) Gift of a necklace worth ₹1,00,000 from his mother.

Answer 1

Answer & Explanation:

The income from other sources can be computed as follows:

Income from other sources = (a) + (b) + (c) + (d) + (e) + (f)

Income from other sources = ₹30,000 + ₹1,00,000 + ₹2,40,000 + ₹80,000 + ₹28,000 + ₹1,00,000

Income from other sources = ₹5,78,000

I'm not sure what you're asking, note this is the law topic.