plz provide me the solution fr this problem....
Compute the net wealth of Rajan, a resident individual, as on 31st March 2011 from the following particulars:
1) He has a house property at delhi valued at Rs.20,00,000 which is used for business porposes.
2)Vehicles for personal use - Motor car: Rs.8,40,000; Motor van:4,50,000 and Jeep Rs.3,54,000
3)Cash in hand: Rs.3,50,000
4)Jewellery: Rs.15,60,000; and
6)He had trasnferred an urban house plot in February 2011 in favour of his neice, which was not revocable during her life time. His niece died on 14th March,2011 and Rajan could get the title of plot re transferred to his name on 15th April,2011. Market value of house plot as on 31st March, 2011 is Rs.14,10,000.
CAclubindia
