A HUF carrying on business in gold, silver, money lending, brokerage and security dealings showed the foll :

PARTICULARS (DEBIT SIDE)

Loss of silver -   50,000

Loss in sale of securities- 60,000

Loss in share dealing- 40,000

Legal charges-10,000

Bad debts-30,000

Life insurance premium paid on the life of kartha-5,000

Donation to Indira Ghandi Memorial Trust-5,000

Establishment charges20,000

Sales tax-16,000

Purchase of scooter for business-20,000

Drawings-4,000

Net profit-2,20,000

PARTICULARS (CREDIT SIDE)

Profit on gold- 200,000

Income from money lending business- 50,000

Income from brokerage- 30,000

Interest on Govt securities- 80,000

Dividends from Indian Co’s- 96,000

Amt recd from LIC on maturity of a policy of karta- 20,000

Winning from lottery- 4,000

Adjustments:

a)      A loss of Rs. 40,000 in hedging contract and loss in speculation were found debited to silver account

b)      Legal charges include expenses of Rs. 2,000 incurred case connected with alleged purchase of smuggled gold.

c)       Bad debts included loss of cash 5000 by theft by an employee. Rs.10,000 as an irrecoverable loan given without interest to his brother-in-law.

d)      Establishment charges included salary of Rs. 10,000 paid to son of Lara who actually helped in the business.

Compute business income and total income of HUF for A.Y 2009-10