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Compute the Tax payable of M/s Alpha Pvt Ltd on the basis of following information: (Note: - Tax Rate is 29% on corporate entities.) Accounting
Compute the Tax payable of M/s Alpha Pvt Ltd on the basis of following information: (Note: - Tax Rate is 29% on corporate entities.)
Accounting Profit2,000,000/-
Accounting depreciation (including assets under Leasing)275,000/-
Head office expenses225,000/-
Computer software cost-Capitalized in accounts100,000/-
Finance charges on assets taken on Lease75,000/-
Lease Rental130,000/-
Interest paid to other Branches Abroad15,000/-
Require:-
Compute Tax Liability of M/s Alpha Pvt Ltd?
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