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Problem-3 (Marks: 10) From the given information compute the income chargeable under the head Interest on Securities for Mr. Taleb for the income year 2016-17:
Problem-3 (Marks: 10) From the given information compute the income chargeable under the head Interest on Securities for Mr. Taleb for the income year 2016-17: Interest on tax-exempt government securities Tk. 15,000; Value of 15% taxable government securities Tk. 30,000; Tk. 9,500 as interest on 12% debentures; Value of 15% debentures Tk. 80,000 and Interest on Zero Coupon Bond Tk. 10,000. The Bank has charged Tk. 3,500 for collection g above interests. In addition to this he has taken a bank loan of Tk. 100,000 @ 6% interest to purchase additional 10% approved company debenture on October 01, 2016
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