uestion Description Compute the tax payable of Mr. Zubair who during the year ended 30th June 2018 enjoyed income from the following sources: (filer) Dividend from a private limited company 20% Rs. 9000 Zakat paid Rs. 7000 Profit on special deposit scheme10% Rs. 35000 Income from property Rs. 450,000 Gift from father Rs. 20000 Income from business Rs. 570,000 Agricultural income Rs. 22000 He has claimed the following amounts for rebate: a. Personal legal expenditure Rs. 25000 b. Purchased shares of public co. listed in PSX Rs. 50,000 c. Tuition fee paid for his son Rs. 55,000 d. Donation to Sindh University Rs. 50,000 Calculate Taxable income & Tax Payable for the year 2018.
uestion Description Compute the tax payable of Mr. Zubair who during the year ended 30th June 2018 enjoyed income from the following sources: (filer) Dividend from a private limited company 20% Rs. 9000 Zakat paid Rs. 7000 Profit on special deposit scheme10% Rs. 35000 Income from property Rs. 450,000 Gift from father Rs. 20000 Income from business Rs. 570,000 Agricultural income Rs. 22000 He has claimed the following amounts for rebate: a. Personal legal expenditure Rs. 25000 b. Purchased shares of public co. listed in PSX Rs. 50,000 c. Tuition fee paid for his son Rs. 55,000 d. Donation to Sindh University Rs. 50,000 Calculate Taxable income & Tax Payable for the year 2018.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Compute the tax payable of Mr. Zubair who during the year ended 30th June 2018 enjoyed income from the following sources: (filer)
Dividend from a private limited company 20% Rs. 9000
Zakat paid Rs. 7000
Profit on special deposit scheme10% Rs. 35000
Income from property Rs. 450,000
Gift from father Rs. 20000
Income from business Rs. 570,000
Agricultural income Rs. 22000
He has claimed the following amounts for rebate:
a. Personal legal expenditure Rs. 25000
b. Purchased shares of public co. listed in PSX Rs. 50,000
c. Tuition fee paid for his son Rs. 55,000 d. Donation to Sindh University Rs. 50,000
Calculate Taxable income & Tax Payable for the year 2018.
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