n plant Tk. 6,2003; and Union parisad tax Tk. 5,450. Mr. Rahman had a weighing machine which was purchased at Tk. TO,500. It has become obsolete and has been discarded at Tk. 3,500. At the time of sales the written down value of the machine was 5,200. When asking for proper books of accounts Mr. Rahman failed to provide any supporting documents for production costs though he claimed Tk. 195,720 as production costs. Compute taxable income for the year.
Particulars of Mr. Lutfur Rahman for the year ended 30th June, 2017 are: Sale of Jute 250 maunds @ Tk. 650 per maund; Sale of Rice 112 maunds @ Tk. 580 per maund; Income from lease of agricultural land Tk. 28,000; Income from ferry ghat Tk. 5,000; Income from tea garden Tk. 80,0003; Income from Sugar industry Tk. 100,000; and Income from sale of honey Tk. 4,500. Expenses relating to all these income are as follows: Land revenue paid Tk. 8,500; Crop insurance premium Tk. 8,300; Allowable
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