(a) Mr. Paras has a proprietary business since P.Y. 2015-16. He has transferred this business on 01.04.2023 by way of a slump sale for a total consideration of ₹ 40 Lakh. The fair market value of his capital assets as on 01.04.2023 is ₹ 35 Lakh. He has incurred expenses for this deal of ₹ 1,50,000. His Balance Sheet as on 31.03.2023 is given below: Liabilities₹Assets₹ Own Capital₹20,00,000Building₹18,00,000 Bank Loan₹5,00,000Debtors₹5,00,000 Unsecured Loans₹2,50,000Machinery₹5,00,000 Creditors₹4,10,000Other assets₹3,60,000 ₹31,60,000₹31,60,000 Other information : (1) Bank loan balance includes ₹ 2 lakh for personal purpose. (2) Machinery costing ₹ 50,000 has been allowed 100% as deduction u/s 35AD (3) Other assets include self-generated goodwill of ₹ 60,000. (4) Unsecured loans include ₹ 1 lakh for amount payable for the purchase of the ornaments of his wife. Compute the capital gain/loss for the A.Y. 2024-25.

(b) Mr. Ganesh whose Professional Receipts for the year ended 31.03.2023 were ₹ 1.25 crores has made payment to Mr. Rajesh (a Chartered Accountant) during P.Y. 2023-24 who has multi faced activities. Examine whether TDS Provisions re applicable for following payments made by Mr. Ganesh to CA Rajesh : (i) Professional Fee for consultation - ₹32,450 on 15.06.2023 including GST paid @18%. (ii) Royalty Payment for Use of Computer Software by various clients of Mr. Rajesh - ₹ 2,50,000 on 03.03.2024. (iii) Fee for Technical services related to Business of Mr. Ganesh - ₹ 20,000 on 15.12.2023. (iv) Fees for teaching accountancy to his Son - ₹ 40,000 on 31.10.2023.