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1. Calculate Taxable Income, Investment Allowance, Maximum limit of Investment Allowance and total tax liability of Mr. /Mrs. Zafar (age: 65 years and resides in

1. Calculate Taxable Income, Investment Allowance, Maximum limit of Investment Allowance and total tax liability of Mr. /Mrs. Zafar (age: 65 years and resides in Dhaka) for the Income Year 2019-2020. (10+4+3+3) Male students consider the assessee Capital Gain: Sale of furniture TK. 12,000; cost Tk. 10,000 and Book value Tk. 8,000.

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