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MIS ID= 24989 I REALLY NEED THIS QUESTION URGENT. I WILL RATE FOR SURE. Country Name:Pakistan even if you do it 50% right then send

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MIS ID= 24989

I REALLY NEED THIS QUESTION URGENT. I WILL RATE FOR SURE.

Country Name:Pakistan

even if you do it 50% right then send answer..i dont known tax rate just give me the answer

Q #2: From the following Profit & Loss Statement of Ghani Trading Company (Pvt) Limited for the Tax year ended 30 June 2019, find out the taxable income and tax payable: Salaries MIS ID x 3 Gross Profit MIS ID x 55 Rent & Rate MIS ID x 2 Bad Debts Recovered MIS ID x 7 Postage MIS ID X1 Discounts MIS ID x 9 Stationery MIS ID x 2 Sundry Receipts MIS ID x 8 Advertisement of Upcoming MIS ID X3 Dividend MIS ID X4 project MIS ID x 8 Depreciation Loss of Building by fire MIS ID 9 Fines MIS ID x 4 Legal Charges MIS ID x 5 Bad Debts MIS ID x 2 Net Profit MIS ID x 95 3/4 Notes: 1. Rent, rate and taxes of Rs. 200,000 paid on import of machinery 2. Depreciation as per Tax rules of Rs 75,000 3. Provision for Bad Debts Rs 81,000 4. 80,000 has recovered from debtor which was written of as bad debts

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