Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

4. Mr. Ashiq earned income from various sources in the income year 2015-16 which are: profit of Tk 40,000 from a business in London has

image text in transcribed

4. Mr. Ashiq earned income from various sources in the income year 2015-16 which are: profit of Tk 40,000 from a business in London has been brought in Bangladesh; The business has been managed and controlled from London; Rent from a property in Dhaka received in India Tk 40,000; Income from a business in USA controlled from Bangladesh Tk 150,000; Income from a business in Dhaka controlled from Pakistan Tk.180000; Interest from deposits with a Bangladeshi Bank received in Canada Tk 20,000; Property income in South Africa(out of which Tk 90,000 was remitted to Bangladesh) Tk 180,000; Profits earned from business in Chittagong Tk 60,000. Compute taxable income of Mr. Ashiq for the income year 2015-2016 assuming that he is a: (a) Resident (b)Non-resident

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

The Digital Transformation Of Auditing And The Evolution Of The Internal Audit

Authors: Nabyla Daidj

1st Edition

1032103914, 978-1032103914

More Books

Students also viewed these Accounting questions