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Calculate sales Tax Liability of Mr Saad for the year 2020, he is also a filer. Basic Salary 29022 x 85 Income from Business 29022

Calculate sales Tax Liability of Mr Saad for the year 2020, he is also a filer.          

Basic Salary

29022 x 85

Income from Business

29022 x 75

Gain on Sale of Immovable Property (Purchased on July 15)

85,000

Gain on sale of Pvt Co Shares (Holding Period 13 months)

26,000

Capital Loss

12,000

Gain on Sale of Public Co Shares (Purchased on Dec 2016)

98,000

Gain on Sale of Plot (Sale after 03 Years)

1,500,000

Gain on Sale of Building (Sale after 04 Years)

4,500,000

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