Mr. Aryan, a resident individual aged 58 years, sells (unlisted) shares in a private sector company on May 17, 2022 for ₹10,00,000. The shares were bought on 01.08.2012 for a consideration of ₹2,00,000. Mr Aryan paid ₹2,000 as brokerage on sale of shares. Mr. Aryan deposited ₹5,00,000 in Capital Gain Account Scheme on 15.06.2023 (Before filing the return of income for the Assessment Year 2023-24). On April 30, 2024 he withdraws ₹4,50,000 and purchases a residential house properly at Delhi on May 1, 2024 for ₹4,50,000. Cost Inflation Index (CII) – F.Y. 2012-13 - 200, F.Y. 2022-23 - 331. Ascertain (i) The amount of Capital Gain chargeable to tax for the A.Y. 2023-24. (ii) Tax treatment (with mention of relevant assessment year) of the unutilized amount.

Ms. Neelima, a resident of Delhi, was employed by LMN Ltd. upto 15, March, 1992. At the time of leaving LMN Ltd., she was paid ₹3,50,000 as leave salary out of which ₹59,000 was exempted from tax under section 10(10AA). Thereafter, she joined CD (P) Ltd. and received ₹4,14,000 as leave salary at the time of retirement on December 31, 2022. In addition she received a gratuity of ₹12,00,000 from the employer (she is not covered by the Payment of Gratuity Act, 1972). The following information is available: Average salary received during 11 months ending on December 31, 2022 From February 1 to July 31 (p.m.)₹22,600 From August 1 to December 31 (p.m.)₹22,900 Duration of service14 years 7 months Leave entitlement for every year of service45 days Leave availed while in service90 days Leave at her credit at the of retirement18 months She received ₹5,20,000 from unrecognized provident fund of which she was a member (This constitutes employee's contribution ₹2,00,000; employer's contribution ₹2,10,000; interest on employee's contribution ₹60,000; interest on employer's contribution ₹50,000). You are required to compute her total income for the assessment year 2023-24, clearly showing all workings. (Ignore section 115BAC provisions).

From the following calculate the taxable amount under the proper head of income for the Financial Year 2022-23 of Mr L, who is resident and 56 years old. The reasons should form part of your answer: