Write brief short notes on the following :(05)

a.Appellate Tribunal

b. Tax Year

c.Residents

d.Normal Tax Year & Special Tax Year

e.Tax Payer.

Mr. HaseebMalik is working in Omer Associates as Manager, in the pay scale 50,000-2,000-80,000. He furnished the following particulars of his income for the tax year June 30, 2021. (15 M)

S.No.Particulars

1Basic SalaryRs.60,000 per month.

2Bonus equivalent to 45 days basic salary.

3Dearness Allowance Rs. 20,000.

4Cost of Living Allowance Rs.10,000.

5He is provided Rent Free furnished accommodation by his employer.

The annual rental value of Rs.180,000.

6He is provided a motor vehicle which he is using for official and personal use. Thevehicle was purchased on lease by the employer for Rs.1,200,000.

7Medical Allowance 10% of basic salary.

8Medical reimbursement Rs.20,000.

9He received interest free loan from his employer in 2016 amounting to Rs.800,000.

10Travelling Allowance Rs.5,000 per month

11Utilities Allowance Rs.15,00 per month.

12Property income 20000 per month

13Gift received from mother Rs.80,000.

15profit from registered firm Rs.20,000.

17profit on P&L a/c Rs.50,000.

21Zakat personally paid to poor relative Rs.20,000.

22Donation to Bait-ul-Mal fund Rs.12,000.

Calculate total and taxable income and tax liability