Discuss some of the social aspects of production in society.
Production is a socially defined activity. An object, which is produced is considered as a product only
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From the following information of Mr.Sunil, compute the taxable income of house property:
Mr. Raman Prakash is reader in a college, run by a society, on a monthly salary of Rs. 44, 000. Besides salary he also gets 43% of salary as dearness allowance, Rs 800 p.m. entertainment allowance and Rs. 500 p.m. as proctor’s allowance. During the year he gets Rs. 450 p.m. as additional D.A. Arrears of salary receive Rs. 25, 000.
He contributes 10% of his salary to Provident Fund. The college contributes an equal amount. Interest credited to his provident fund @ 12% amounted to Rs. 40,000. Three children of Mr. Raman Praksh are studying in an institution run by the society, which runs the college for which he paid nothing. Normally, expenditure in an institution of that standard comes to Rs. 1,500 p.m. for one student. Mr. Raman Prakash is provided with a rent-free accommodation in a city (population 13 lakh) which is owned by the college.
Its fair rental value is Rs. 2,500 p.m. A gardener for the upkeep of the garden on the back side of the house is also provided. The salary of gardener amounting to Rs. 300 p.m. is also paid by the college. During the year Mr. Raman Prakash proceeded on two months’ leave with full pay to his home at Jaipur. The college paid Rs. 6,500 being the air fair to and from Jaipur fro him and his wife for this purpose.
Compute the taxable salaries income of Mr. Raman Prakash for the year ending on 31st March, 2016 for the assessment year 2016-17
Valuation of Rent Free House
Discuss the nature and scope of sociology with special reference to India.
Discuss some of the social aspects of production in society.
Distinguish between education and learning with example.
Interest on Securities