CS Notes & Discussion - Amendments

Mera executive bhi old syllabus se hi nikla tha last attempt m keep studying

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I think in 19...it should be promoters.. But in answer it is goodwill.. Please solve

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Mrs. X (34 years) is in the IT department of A Ltd. She joined the company on July 1, 2020.At the time of joining she was given a fixed pay of Rs.85000 per month, besides she also got Rs. 10000 per month as dearness allowance (not forming part of salary for any retirement benefit purposes). As per services rules apart from the above she is also entitled to receive: servant allowance: Rs.1500 per month; meal allowance: Rs.2000 per month; conveyance allowance: Rs.4000 per month; garden allowance: Rs.2500 per month (effective from January 1, 2022). Conveyance allowance was discontinued from January1, 2022 and a car (2400CC) is provided for both official and private purposes by the employer company. The entire expenditure of Rs.50, 000 (including the driver salary) is paid by the company; a small amount of Rs.200 per month is recovered from Mrs.X for car services. Mrs. X deposited Rs.200, 000 in Public Provident Fund and paid Rs.10, 000 as medical insurance premium. Determine the total income and tax liability for the assessment year 2021-22, if she also received interest of Rs.50, 000 during the same period.

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