Q.From the following particulars of Mr. Chatterjee for the previous year 2025-26, compute his total Income from Other Sources for the Assessment Year 2026-27: Interest on debentures of a company (gross) ₹20,000; Family pension received ₹1,20,000; Winnings from a crossword puzzle ₹50,000; Commission paid to his banker for collecting the debenture interest ₹200.

Total Income from Other Sources for a year is the sum of every item chargeable under Section 56, each reduced by exactly the deduction Section 57 allows for that specific item — and by no deduction at all where none is permitted, as with winnings. Interest on securities is first grossed up if received net of TDS, then reduced by any bank-commission/borrowing-interest deduction; family pension is reduced by the Section 57(iia) standard deduction (the lower of one-third of the pension or a fixed rupee cap); dividend income and winning …