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This is the question of the tax subject Please Also show the working separately and show me in this format than i will give you
This is the question of the tax subject
Please Also show the working separately and show me in this format than i will give you positive rating otherwise i will give negative review
ABC Limited has established a new business and at end of tax year 20X1 has profit of Rs. 25,000,000 including establishment charges of Rs. 200,000 and share issue charges of Rs. 250,000/-. The company has also disclosed that above profit is without effect of depreciation and amortization of below mentioned assets: 50,000,000 1.500.000 6.200.000 2.000.000 6.000.000 15.000.000 1.500.000 Plant and Machinery Furniture and Fixture Vehicle Computer and printer Pre-commencement Expenses Building Computer Software Please calculate the taxable profit for XYZ Limited. Plant and machinery depreciation Rate Furniture & Fixture Vehicle Computer and Printer Pre-commencement Expenses Compute Software Building 15% 15% 15% 30% 20% 10 Year Life 10% Kindly compute the taxable income of M/S ABC Limited and compute initial allowance where applicable as per income tax ordinance 2001Step by Step Solution
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