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Carmela Homes Inc., is a real estate dealer. Details of its sales during the year showed the following: Date of sale... August 2, 2021 Consideration
Carmela Homes Inc., is a real estate dealer. Details of its sales during the year showed the following: Date of sale... August 2, 2021 Consideration in the deed of sale... P6,000,000 Fair market value in the assessment rolls. 5,760,000 Zonal value... 6,240,000 Schedule of payments: August 2, 2021... 1,200,000 August 2, 2022 2,400,000 August 2, 2023.. 2,400,000 (a) How much is the output tax to be recognized for August 2, 2021 payment? (b) How much is the output tax to be recognized for August 2, 2022 payment
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