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please give answer 1 to 5 all questions 1. ACI Ltd.'s total income is Tk. 500,000 (inclusive of Tk. 50,000 capital gain) for the income

please give answer 1 to 5 all questions image text in transcribed
1. ACI Ltd.'s total income is Tk. 500,000 (inclusive of Tk. 50,000 capital gain) for the income year 2016-17. Compute the tax liability assuming that the Company tax rate is 25%. 2. Mr. Tanvir's total income is Tk. 700,000 (inclusive of Tk. 50,000 capital gain) for the income year 2016-17. If disposal of capital assets has done within 5 years of acquisition. His tax liability is 3. The details of total income and capital gain of two assessee's ows for the income year 2016-17 are: Mr. Javed Mr. Abrar Total income excluding capital gain 235,000 4,720,000 Capital gain 100.000 100.000 Total income 335.000 4,820,000 Compute the tax liability for the assessment year 2017-18, assuming that disposal of capital assets has done after 5 years of acquisition 4. Mr. Andaleeb has purchased a machine at a total cost of Taka 500,000 on 23 April 2015 for the purpose of his profession. In addition, he has paid Taka 10,000 as legal fees. He has spent an additional sum of Taka 50,000 for improvement of the machine. On 30 December 2018, he had sold the machine at a total price of Taka 600,000 when the balance of allowable accumulated depreciation was 126,000 in his books of accounts. But the fair market value on that date amounts to Taka 650,000 in the opinion of DCT. He incurred advertisement cost of Taka 20,000 and 1.5% as brokerage commission on the sale value. He has taxable income of Taka 230,000 from other sources. Compute capital gain, total taxable income, and specify tax rate thereon. * Mr. Hasan runs a business of his own. He has purchased plant and machinery at a cost of Taka 10,000,000 on 1 January 2013. He has paid Taka 50,000 as finders' fee and another Taka 120,000 as legal fees. He has sold the plant and machinery on July 15, 2018 at a price of Taka 22,000,000. For the sale, he has to pay brokerage fee @ 2% on the gross sales amount receipt. In DCT's opinion, the fair market value of the plant and machinery at the time of sale is Taka 20,000,000. On June 30, 2019 he has purchased another plant and machinery at a cost of (a) Taka 10,000,000 (b) Taka 12,000,000 and expressed his intention of getting roll over relief of capital gain on new plant and machinery in writing to DCT. He also had Taka 200,000 as taxable income from interest on securities and another Taka 100,000 taxable income from, 'income from other sources. Compute capital gain and tax liability

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