a. X (44 years old) transfers the following assets- 1.Rural agricultural land situated in Gujrat (date of transfer April 20,2020, sale consideration: Rs.20,00,000, purchase consideration: Rs. 25,000, year of acquisition: 2003-04,) 2.Commercial land situated in the municipal limits of Kanpur (date of transfer: May 20,2020, sale consideration: Rs.15,00,000; year of acquisition: 2004-05; indexed cost of acquisition: Rs.5,60,000) 3.Gold jewellery on June 2,2020 for Rs.30,00,000, cost of acquisition: Rs.4,00,000, year of acquisition: 2008-09 Use appropriate CII in all cases b.X (32 years) is resident in India. Find out the net income and tax liability for the information given below for the assessment year 2021-22-Winning from horse race: Rs. 20,000; short term capital gain (STT paid): Rs.4,00,000; bank interest: Rs.2,33,000; public provident fund contribution: Rs.1,50,000.