(a) (i) Mr. Ravi received an advance of ₹2,00,000 on 10.5.2023 from a closely held manufacturing company (private company in which the public are not substantially interested) in which he holds 22% shareholding. The company had an accumulated profit of ₹1,00,000 at the time of giving the advance. Compute the amount of income to be included in the hands of Mr. Ravi for the assessment year 2024-25 and also state the head under which it is to be included. (ii) Mr. Rao finished the following information regarding the payments made towards Scientific Research during the financial year 2023-24: (i) Revenue expenditure on Scientific Research incurred during the year ₹1,00,000. (ii) Capital Expenditure for Scientific Research ₹3,00,000. (iii) Contribution to Notified approved research association ₹1,50,000. (iv) Amount paid to H Limited an Indian company which has as its main object scientific research and approved by the prescribed authority ₹2,50,000. (v) Expenditure of ₹2,50,000 towards purchase of Land for scientific research. (vi) He also incurred revenue expenditure of ₹2,00,000 towards salary of research staff in the F.Y.2022-23 (before commencement of business) and certified by the prescribed authority. Compute the deduction allowable u/s 35 for the assessment year 2024-25, assuming that he has not opted for default tax regime u/s 115BAC.

Mr. Surinder furnishes the following particulars for the previous year ending 31.03.2024. He had a Residential House, inherited from his father in December 2009, the Fair Market Value of which on 01.04.2001 is ₹13 lakhs. In the year 2013-2014, further construction and improvements costing of ₹10 lakhs. The House was originally purchased by his father on 01.03.2000 for ₹10 Lakhs. On 10.05.2023, the House was sold for ₹75 Lakhs. Expenditure in connection with transfer is ₹50,000. On 20.12.2023, he purchased a Residential House for ₹12 lakhs and he does not own any other house. Compute the taxable Capital Gain for the assessment year 2024-25.