Answered step by step
Verified Expert Solution
Question
1 Approved Answer
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
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
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started