X" female disable person.she has income of Tk. 47,00,000 in the income year 2020-2021. her only source of Income in the income year is Agriculture, in particularly from tobacco production.she is the legal guardian of three children, among these three, one is autistic and other two are mentally retarded. She has net wealth of Tk. 11 crore. Besides all those information, additional information are given: • Purchase of laptop Tk. 70,000. • Purchase of Unlisted company share Tk. 20,000. • Donation to International level institution Tk. 100,000 • Donation A. kashem group Tk. 37,000. • Life Insurance Premium Tk. 7000 (policy value Tk. 60,000 • Purchase of listed company’s shares Tk. 11000. Question no 1: Compute taxable income, investment allowance and tax liability of "X" for the assessment year 2021-2022
X" female disable person.she has income of Tk. 47,00,000 in the income year 2020-2021. her only source of Income in the income year is Agriculture, in particularly from tobacco production.she is the legal guardian of three children, among these three, one is autistic and other two are mentally retarded. She has net wealth of Tk. 11 crore. Besides all those information, additional information are given: • Purchase of laptop Tk. 70,000. • Purchase of Unlisted company share Tk. 20,000. • Donation to International level institution Tk. 100,000 • Donation A. kashem group Tk. 37,000. • Life Insurance Premium Tk. 7000 (policy value Tk. 60,000 • Purchase of listed company’s shares Tk. 11000. Question no 1: Compute taxable income, investment allowance and tax liability of "X" for the assessment year 2021-2022
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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X" female disable person.she has income of Tk. 47,00,000 in the income year 2020-2021. her only source of Income in the income year is Agriculture, in particularly from tobacco production.she is the legal guardian of three children, among these three, one is autistic and other two are mentally retarded. She has net wealth of Tk. 11 crore.
Besides all those information, additional information are given:
• Purchase of laptop Tk. 70,000.
• Purchase of Unlisted company share Tk. 20,000.
• Donation to International level institution Tk. 100,000
• Donation A. kashem group Tk. 37,000.
• Life Insurance Premium Tk. 7000 (policy value Tk. 60,000
• Purchase of listed company’s shares Tk. 11000.
Question no 1:
Compute taxable income, investment allowance and tax liability of "X" for the assessment year 2021-2022
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