Mr. Bikram furnished the following particulars of his incomes and expenditures for the previous year. Royalty from natural resources Rs 850,000 (net) Interest from private money lending activities…

Mr. Bikram furnished the following particulars of his incomes and expenditures for the previous year. Royalty from natural resources Rs 850,000 (net) Interest from private money lending activities Rs 200,000. Rent from Machinery (net) 180,000 Dividend from a resident company Rs 28,500 (net). Interest from bank deposit Rs 80,000. Rent from house let out Rs 135,000 (net). Bad debts recovered Rs 30,000 relating to investment (60% not allowed as deduction in last year.) Agriculture income Rs 50,000. Gift received relating to investment Rs 25,000. Interest received from mutual fund Rs 38,000 (net) He claimed for following expenses for deduction: Interest collection charge of private money lending activities Rs 1,000. Royalty collection charge Rs 2,000. Dividend collection charge Rs 1,500. Collection charge of house let out given to a broker Rs 3,000. Life insurance premium of Rs 30,000 paid for a policy amount of Rs 300,000. Donation to an approved local club Rs 5,000. Required: a. Net assessable income from investment b. Statement of total taxable income c. Tax liabilities [5+3+2]