Mr. Mohan, aged 65 years, derives Rs 7.5 lacs as salary from Amiir PanWala & Company
for the year ended 31.03.2019. He supplies the following information to the accounts
department of the employer. (Applicable Assessment year 2019-20)
Particulars Amount
Loss from one of the Self - occupied
property
Rs 200000
Loss from let out house property Rs 360000
Interest from Flexi Fixed Deposits Rs 150000
a. Explain and examine the applicability of TDS provision (5 Marks)
b. Compute total tax liability and monthly deduction for TDS (5 Marks