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Answer the followings: 1. On the basis of the following information from an establishment in Oman compute taxable SECTION III: Marks 8 income for Tax
Answer the followings: 1. On the basis of the following information from an establishment in Oman compute taxable SECTION III: Marks 8 income for Tax Year 2019: . 1ac 600712 Hi. The profit from Restaurant in Ruwi RO 25,000 ji. Monthly rental for shop in Alkhwair 2yRO 1,000 iii. Income from Lease of Car for the year RO 18,000 iv. Paid salary for the driver per month RO v. Other repairs and petrol for the car per month RO 250/ 1 Additional information: a) The establishment had contributed a sum of RO 2000 as an employer to the Public Authority for Social Insurance in accordance with the provisions of Social Insurance Law. 17150 5000 (44800 X 5 b) An amount of RO 5000 paid as donation to an authorised institution c) 14 of the Car expenses were for personal use. You are required to compute the taxable income of the establishment, not allow t le 2wux (1/4) Answer the followings: 1. On the basis of the following information from an establishment in Oman compute taxable SECTION III: Marks 8 income for Tax Year 2019: . 1ac 600712 Hi. The profit from Restaurant in Ruwi RO 25,000 ji. Monthly rental for shop in Alkhwair 2yRO 1,000 iii. Income from Lease of Car for the year RO 18,000 iv. Paid salary for the driver per month RO v. Other repairs and petrol for the car per month RO 250/ 1 Additional information: a) The establishment had contributed a sum of RO 2000 as an employer to the Public Authority for Social Insurance in accordance with the provisions of Social Insurance Law. 17150 5000 (44800 X 5 b) An amount of RO 5000 paid as donation to an authorised institution c) 14 of the Car expenses were for personal use. You are required to compute the taxable income of the establishment, not allow t le 2wux (1/4)
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