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Q. No.9: Following information is related with Azad Akram Pvt. Company for the tax Year ended on 30-06-2020. Income from property rented out Rs:335,775,000/-. Insurance

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Q. No.9: Following information is related with Azad Akram Pvt. Company for the tax Year ended on 30-06-2020. Income from property rented out Rs:335,775,000/-. Insurance premium paid on property Rs:5,985,700/-. Rental Income paid House Building Finance Corporation Rs:18,750,000/-. Ground Rent Paid Rs:2,575,000/-. Repair Expenses Rs:24,000,000/-. Municipal Taxes Paid Rs:4,576,400/-. Unrealized Rent Rs:8,990,000/-. Calculate the Total Income and Tax Liability of the company

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