required urgent tax management paper

Q.2. Mr. David - an Australian citizen working on Suki Power plant in Pakistan on July 1st 2019 as an engineer. For the year ended 30 June 2020, his data is given below: Basic salary of Rs. 1000,000 per quarter. Receipt of medical allowance of Rs. 400,000. Suki Power plant provided him with a car for business and personal use. The car is under finance lease and its fair market value at the time of lease was Rs. 1,800,000. The total amount of lease rentals to be paid over the whole lease term was Rs. 2,000,000. Lease rentals paid during the year ended 30 June 2020 were Rs. 250,000. Mr. David was also provided with a fuel allowance of Rs. 50,000 after every 2 months to cover fuel expenses for his company allocated car. 50% of his travelling was directly related to the business of his employer. Suki Power plant provided him with accommodation. Had he not been provided with the accommodation he would have been entitled to receive a house rent allowance at 40% of his basic salary. Suki Power plant also provided him with the services of a security guard for which Suki Power plant paid Rs. 25,000 per month. Rs. 20,000 was deducted every month from Mr. David's salary to pay for the security guard. He received 50,000 shares in Suki Power plant on 1 July 2019 under an employee share scheme at Rs. 10 per share against a fair market value of Rs. 15 per share. He had the option to transfer the shares on or after 1 July 2019 on which date the fair value was Rs. 30 per share. However, he did not sell any of the shares during the year ended 30 June 2020. Suki Power plant reimbursed him Rs. 25,000 per month for nine months during the year, being the school fees of his child. The school also collected tax at Rs. 15,000 which was paid by Mr.David from his own pocket and a tax payment challan was provided to him. Suki power plant gave him a loan of Rs. 500,000 on 1 August 2019 at a markup of 6% per annum. He used the loan for furnishing his apartment in Islamabad. Suki Power Plant provided him with a return ticket to Sydney on the eve of New Year in December 2019. The total cost incurred by Suki Power plant on this account was Rs. 500,000 Other information He paid Rs. 50,000 for his annual subscription to the Institute of Engineers in Australia, Mr. David donated Rs. 100,000 through a crossed cheque drawn on his foreign currency account in Pakistan, to the Australian University, Advance tax of Rs. 15,000 was collected from pre-paid cards used for his mobile telephone Required: Compute taxable income and income tax payable by Mr. David for tax year 2020