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I need ans of question no 6 only with complete solution with in 20 minutes your answer will b rated 10 time 6. Following detail
I need ans of question no 6 only with complete solution with in 20 minutes your answer will b rated 10 time
6. Following detail has extracted from the book of Mr Ali. You are required to Calculate the income tax liability of Mr Ali (10+10) Income tax Rs 1. Basic salary 2. Conveyance allowance 3. Intrest free loan Provided by employer 4. Markup paid on loan for house contruction 5. Divident received 6. Tution fee of three children 7. Contribute to approved pansion Mr. Ali contribute to two pansion equaly. 8. Gross rent from property 9. Income from business 10. Collection charges 150,000 pm 120,000 500,000 10,000 300,000 500,000 40,000 500,000 500,000 130,000 (10) 2. 7. ABC international is an importer. Following the detail for his sales tax paid for Sep.2019 1. Imported taxable goods 10,00,000 . Purchases exempt goods 200,000 Sale during the month as under. 3. Registed Person 400,000 4. Non registed person 200,000 5. Registed wholesaler 100,000 6. Following detail has extracted from the book of Mr Ali. You are required to Calculate the income tax liability of Mr Ali (10+10) Income tax Rs 1. Basic salary 2. Conveyance allowance 3. Intrest free loan Provided by employer 4. Markup paid on loan for house contruction 5. Divident received 6. Tution fee of three children 7. Contribute to approved pansion Mr. Ali contribute to two pansion equaly. 8. Gross rent from property 9. Income from business 10. Collection charges 150,000 pm 120,000 500,000 10,000 300,000 500,000 40,000 500,000 500,000 130,000 (10) 2. 7. ABC international is an importer. Following the detail for his sales tax paid for Sep.2019 1. Imported taxable goods 10,00,000 . Purchases exempt goods 200,000 Sale during the month as under. 3. Registed Person 400,000 4. Non registed person 200,000 5. Registed wholesaler 100,000Step by Step Solution
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