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putation of Income from Other Sources For the AY 2013-14 Particulars Rs: Examination remuneration 7,000 Royalty from books and articles 25,000 Winnings from card games 6,700 Winnings from State lottery 30,000 Income from other sources 68,700 pe income from other sources: Dividend (Gross) Rs:9,600 Expenses incurred for its collection Rs: 500 Receipts from letting of plant and machinery Rs: 10,000 Repairs of Plant and Machinery Rs: 4,000 Insurance premium in respect of plant and machinery Rs: 2.000 ariation allowed for letting Rs:4,000 s38 Computation of Income from Other Sources For the AY 2013-14 Particulars Rs: Rs: Receipts from letting of P&M 10,000 Less: Admissible expenses: Repairs of P&M 4,000 Insurance premium in respect of P&M 2.000 Depreciation allowed for letting 4.000 10.000 Income from other sources Nil llustration: 3 from the following particulars submitted by Sri. Mani Shankar lyer, compute his income from other sources for the AY 2013-14 : As Director of ABC Ltd. he received Rs: 12,000 p.m. as salary and Rs:1,200 p.m. as entertainment allowance. The company provides him a car for both official and personal use. The personal use is estimated to be 50%. The company incurs an expenditure of Rs:16,000 on running and maintenance of the car (for both official and personal use) and depreciation of the car may be taken as Rs: 14,000. He was also a Director in another company from which he received Rs: 13,000 as Director's fee. Interest received on deposits with a Co-operative bank limited Rs:2,000. Dividend received from a foreign company Rs: 6,000 Received winnings from lottery Rs: 24,500 Income from agricultural land in England Rs: 78,000. Honorarium for delivering lectures in a registered society Rs:1,200

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