a . Define capital receipts.

b . Mr. W has reported the following gifts applicable to the income year 2019 - 2020: 1. Gift within Bangladesh: Cash gift of Tk. 150,000 on the occasion of marriage of his relative dependent on him; Gift to dependent sister a piece of land valued at Tk. 3,000,000; Gift to his brother the share of firm valued at Tk. 2,000,000 in contemplation of death; Cash donation to the youngest son for starting his own business, Tk. 800,000; Donation to: Prime Minister's Relief Fund Tk. 100,000; Dhaka University Tk. 150,000; Dhaka Ahsania Mission Tk. 120,000; Aga Khan Development Network Tk. 80,000; Ram Krishno Mission Tk. 100,000; Cash donation to a political party TK 100,000; Donated a house in Dhanmondi to his wife valued at Tk. 5,500,000; Gift to the younger brother a motor car costing Tk. 1,800,000 on the occasion of marriage. His younger brother is independent; Gift to a friend a house at Chittagong as a token of love. However, he has received consideration from his friend amounting to Tk. 150,000. The market value of the house is Tk. 1,500,000; Loan given to a friend amounting to Tk. 120,000 become uncollectible and written off as bad debt; Donation to City Corporation TK 50,000; Donation to a body corporate not established by law TK 90,000. 2. Gift Outside Bangladesh: Donated a furnished flat to his sister-in-law in Nepal worth Tk. 500,000 and donated his office furniture to his son-in-law from his UK business office in the event of withdrawal of investment from UK valued at Tk. 460,000.

Requirements: Compute the taxable gift and the gift tax thereon.