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Q#3: Calculate sales Tax Liability of Mr Saad for the year 2020, he is also a filer. (15 Marks) Basic Salary MIS ID x 85
Q#3: Calculate sales Tax Liability of Mr Saad for the year 2020, he is also a filer. (15 Marks) Basic Salary MIS ID x 85 Income from Business MIS ID 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 98,000 Gain on Sale of Public Co Shares (Purchased on Dec 2016) Gain on Sale of Plot (Sale after 03 Years) 1,500,000 Gain on Sale of Building (Sale after 04 Years) 4,500,000 Q#3: Calculate sales Tax Liability of Mr Saad for the year 2020, he is also a filer. (15 Marks) Basic Salary MIS ID x 85 Income from Business MIS ID 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 98,000 Gain on Sale of Public Co Shares (Purchased on Dec 2016) 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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