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08 August 2013 Mr .Sahu , a government
employee and citizen of
india ,was sent to london on
official duty ,on 01 -06 -2011 . He
stayed there upto
31 -01 -2012 .Salary and
allowance drawn by him during
this period are : 4 months salary
in india Rs. 200000,8 months
salary in London
Rs. 360000, overseas allowance
Rs. 240000, free residence in
London( Rent Rs.40000 per
month for 8 months)Rs .320000
he has house property situated
in Delhi which is self
occupied. during his stay in
london his wife and children
were staying in this property
thriughout previous year. Fair
rental value of house is
Rs. 56000, he has paid Rs. 6000
as municipal taxes and Rs.2000
as ground rent during the
year .He received dividend from
indian company RS.2200 , he has
donated sum of RS.60000 to
institution to which section 80 G
is applicable . Compute his total
income for assessment year
2012 - 2013

CA PARAS BAFNA

CA PARAS BAFNA (Expert)
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08 August 2013 I have read the poem. This work has been assigned to you. You may study about the following points-

1. DTAA to decide that Salary Income will be taxable in India only.
.
2. Allowances and Perquisites may be tax free. read Income exempt from Tax Section
10. You will get the answer for the treatment of dividend income also.
.
3. Section 23 of the Income Tax Act to ascertain whether property income will be taxable or not ?
.
4. Raise your specific query if you could not understand any point.
.

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