A company is making an electrical car. Find the net income and missing data of SRA-electric against mention in table attached. The Capital of 100,000 units is used and can be depreciated straight line . Use FBR tax card for tax calculation. (1 unit = 10.3 PKR).
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4,884 (185) 5070 618 309 927 5,997 All Values in Units and in 000's Revenues Operating revenues Sales (minus) Returns Total operating revenues Others revenues Interest receipts Stock revenues Total nonoperating revenues Total revenues, Expenses Operating expenses Cost of goods and services sold Labor Materials Indirect cost Selling and promotion Depreciation (3rd year of capital expenditure) General and administrative Lease payments Total operating expenses 2,473 420 841 247 Cal ?? 124 124 Cal ?? Nonoperating expenses Interest payments Total nonoperating expenses Total expenses, 272 272 Cal ?? Net income before Taxes, Incomes taxes Net profit (Loss) for the year Cal ?? Cal?? Cal?? 2020-21 TAX RATES FOR IND (OTHER THAN SALARIED PERSON) & AOP TAX CARD 2020-21 IS. No Rate 1 Rs. 400,001 Rs. 600,001 Rs. 1,200,001 Rs. 2.400,001 Rs. 3,000,001 Rs. 4.000,001 Income Group Up to Rs. 400,000 to Rs. 600,000 to Rs. 1,200,000 to Rs. 2,400,000 to Rs. 3,000,000 to Rs. 4,000,000 to Rs. 6,000,000 and above Nil 5% exceeding 400,000 Rs. 10,000+ 10% exceeding 600,000 Rs. 70,000 + 15% exceeding 1,200,000 Rs. 250,000 + 20% exceeding 2.400.000 Rs. 370,000 + 25% exceeding 3,000,000 Rs. 620,000 + 30% exceeding 4.000.000 R$ 1.220,000 + 35% exceeding 6.000.000 6 7 8 Rs. 6,000,001 2020-21 TAX RATES FOR RENTAL INCOME TAX CARD 2020-21 Individuals and AOP Income Group Rate of Tax Up to Rs. 200,000 0% Rs. 200,001 to Rs. 600,000 Rs. 600,001 to Rs. 1,000,000 Rs. 1,000,001 Rs. 2,000,000 Rs. 2,000,001 to Rs. 1,000,000 5% exceeding 200,000 Rs.20,000 + 10% exceeding 600.000 R$ 60,000 + 15% exceeding 1,000,000 Rs. 210,000 + 20% cacceding 2,000,000 Rs. 610,000 + 25% exceeding 4,000,000 Rs. 1,110,000 + 30% exceeding 6,000,000 Rs. 1,710,000 + 35% exceeding 8,000,000 Rs. 4,000,001 to Rs. 6,000,000 Rs. 6,000,001 to Rs. 8,000,000 Rs. 8.000,001 Above Tax on capital gains S.No Filers Non-Filers 1. 2.5% 5% 2. Particulers Gain is less than 5 M 5 M to 10 M 10 M to 15 M 15 M and above 5% 10% 3 7.5% 15% 4 10% 20% RATE 1% 2% PARTICULERS Tax on Purchase or transfer of Immovable Property (236) Tax on Sale or transfer of immovable Property (Sec 236C) Exempt if holding period > 4 years 1% 2%
