Dr. Rohan, 82 years old resident surgeon, having his Nursing Home in Mumbai, gives the following particulars for the year ended on 31.03.2022. Receipts₹Payments₹ Opening Balance b/d1,25,000Salary to Staff3,50,000 Fees from visits to other hospitals (net)5,85,000Taxes & Insurance26,000 Fees for March, 2021 received in April, 2021 IPD OPD85,000Entertainment Expenses1,10,000 Purchase of Television48,000 Dividend from shares (net)18,900Gift to daughter-in law60,000 Fees received during the year10,25,000Interest on loan for repairs to property65,000 Gifts received from relatives of patients45,000Personal medical expenses70,000 Honorarium for painting services in Jai Hind Art School (net)22,500Deposits in PPF A/c55,000 Income-tax Refund (Including interest ₹ 1,500)12,100Nursing Home expenses3,75,000 Prof. fees paid for consulting services1,20,000 Purchase of furniture at home1,35,000 Personal Expenses3,00,000 Balance c/f2,04,500 19,18,50019,18,500 Other Information: (a) He keeps his books of accounts on cash basis and has not opted for the provisions of section 44ADA. (b) Salary includes ₹60,000 paid to his sister who is a qualified nurse paid in cash. (c) Entertainment expenses include ₹25,000 for dinner to doctors in a five star hotel. (d) Interest on loan for repairs to property includes ₹40,000 for his residential property. (e) His daughter in law earned income of ₹10,000 from the amount received as gift. (f) Fixed Assets values as on 01.04.2021 are as under : Nursing Home Equipment's ₹2,20,000, Medical Books (incl. annual publications ₹10,000) ₹35,000, Laptop ₹40,000. (g) Television purchased for nursing home purpose on 21.09.2021 is put to use on 03.10.2021. (h) He has donated ₹10,000 towards PM CARES Fund on 15.08.2021. You are required to