Please give me asolution do these 2 questions

This query is : Resolved 

16 September 2009 a) X Ltd., an Indian company, furnishes following particulars of its income for the previous year 2006–07. Calculate its total income and income–tax liability for the assessment year 2007–08 : <br> Rs. Income from business Dividend received during the year : — from Indian company — from foreign company 5,20,000 <br> 20,000 5,000 Gains from transfer of capital assets: —short term capital gains —long term capital gains Agricultural income in India 25,000 50,000 35,000 <br> Additional information: <br> (i) Income from business includes Rs.1,50,000 profit earned from a new small scale industry set up on 1st October, 1999 which is eligible for deduction under section 80–IB. (ii) Business expenses already charged from business income include Rs.10,000 revenue expenditure and Rs.30,000 capital expenditure on family planning programme for employees. (iii) Company has debited following donations in the profit and loss account of the business of company: <br> — Rajiv Gandhi Foundation: Rs.50,000; and <br> — Prime Minister’s National Relief Fund: Rs.25, 000. <br> <br><br><br><br><br> Question 2 <br> <br> a) The written down value of the block of assets as on 1-4-2004 was Rs. 5,00,000. An asset of the same block was acquired on 11-5-2004 for Rs. 3,00,000. There was a fire on 18-9-2004 and the assets were destroyed by fire and the assesse received a sum of Rs 11,00,000 from the insurance company. Compute the capital gain assuming: <br> i) All the assets were destroyed by fires <br> ii) Part of the block was destroyed by fire <br> What will be the answer if the assesse received Rs. 6,00,000 from the insurance company and assume i) all the assets were destroyed by fire ii) part of the block was destroyed by fire

17 September 2009 wow nostalgia time .:)



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