Problem 10 - 6: Following is the income and expenditure account of Hasan & Co., cost and management accountants for the year ending 30th June, 2017. Expenditure Tk. Incomes Tk. Charity and donation 100,000 Audit fee 300,000 Subscription to ICMAB journals 2,000 Examiner fee 25,000 Institute fee 4,000 Fee for other accounting work 40,000 295 45,000 Rent expense Drawings Electricity bill Salary to trainee Repair expense Net income Bangladesh Income Tax - Theory and Practice 50,000 Dividend from ICB Unit Fund 5,000 9,000 20,000 10,000 210,000 400,000 400,000 Additional Information: 1. Tk. 5,000 can be claimed as depreciation for office assets as per income tax provision. 2. Of rent one-half is paid for his residence. Required: Calculate income from profession from the given details