Ashok furnishes you the following information for the previous year 2019-20:
Rs.
i. Income from coffee grown and cured in Coorg, Karnataka
3,00,000
ii. Income from tea grown and manufactured in Jorhat, Assam
2,50,000
iii. Income from Rubber estates in Kerala by sale of field latex obtained from rubber plants grown there.
4,00,000
iv. Income from nursery by name “Soundarya Nursery‟, Chennai
2,00,000
v. Rent from a dwelling house in agricultural land in Coorg, Karnataka (It is occupied by the coffee estate labourers).
90,000
On the basis of aforesaid information, you are requested to choose correct options for the following:
Since what seems its an incongruent informations.
profits from business and profession needs to be computed.
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