(a) Mr. Hari disclosed the following incomes and expenditures for the previous year. Dividend from resident company Rs. 25,000 Income from natural resources Rs. 340,000 (net) Royalty income Rs.…

(a) Mr. Hari disclosed the following incomes and expenditures for the previous year. Dividend from resident company Rs. 25,000 Income from natural resources Rs. 340,000 (net) Royalty income Rs. 170,000 (net) Interest from private money lending transactions Rs. 210,000 Interest from fixed deposit Rs. 9,500 Rent from house let out Rs. 180,000 Rent received by letting an asset Rs. 90,000 (after TDS) Compensation received relating to investment Rs. 50,000 Dividend from foreign company Rs. 85,000 He claimed the following expenses for deduction: Donation to Pasupati Area Development Trust Rs. 50,000 Collection cost of natural resources income Rs. 1,000 Interest collection charge relating to money lending transactions Rs. 2,000 House rent collection charges Rs. 500 Collection cost of fixed deposit Rs. 400 Tax paid to foreign government Rs. 15,000 a. Assessable (Net) income from profession b. Statement of taxable income c. Tax liability (b) Mention the conditions for an assesses to be resident person in case of natural person, partnership firm, trust and company.