Mr. Jai, a resident individual, furnishes the following particulars of his income and other details for the previous year 2022-23: ₹ Income from the activity of owning and maintaining race horses40,000 Income from crossword puzzle solving30,000 Income from Agricultural land in Haryana25,000 Dividend Income from domestic company (gross)15,000 (Expenditure incurred in collecting the aforesaid dividend)2,500 Income from cycling business1,50,000 Loss from warehousing facility for storage of edible oils1,00,000 Share of loss form PR associates, a firm (having 4 equal partners) in which he is a partner23,000 The following items have been brought forward from the assessment year 2020-21: Brought forward loss form house property1,00,000 Loss from the activity of owning and maintaining race horses37,000 Loss from gambling10,000 Unabsorbed depreciation15,000 Speculation Loss20,000 Mrs. Jai (wife of Mr Jai) got a salary of ₹1,20,000 from PR associates during the year 2022-23. She is not qualified for the job. Compute the gross total income of Mr Jai for the assessment year 2023-24 ignoring the provisions of section 115BAC.

Mr. Suraj, an Indian citizen, gives the following details of his income and expenses during the year 2022-23: ₹ Income from profession11,70,000 Winning from lottery70,000 Contribution to ULIP 1971 plan for spouse70,000 Cheque donation to National Defence Fund60,000 Cheque donation to Government for promoting family planning35,000 Cheque the deduction to approved public charitable institute1,20,000 Compute the deduction under section 80G allowable to him for the assessment year 2023-24.

Explain the provisions of tax collection at source for overseas remittance by an authorized dealer. Also enumerate the rate of tax to be collected and the amount on which no tax is to be collected. OR In the context of Tax Return Preparer Scheme, 2006, explain the following: (i) Eligible Persons (ii) Educational Qualifications of Tax Return Preparer (iii) Persons not entitled to act as return preparer