Mr. Jalal Talabani is a resident of Bangladesh. The information regarding his investments in securities during the
Question:
Mr. Jalal Talabani is a resident of Bangladesh. The information regarding his investments in securities during the income year 2019-20 are as follows:
a) 15% Beximco Debentures were purchased from DSE at a cost of Tk. 210000 on 1st January,
2020 (Face value is Tk. 200000). In this regard, he has sold 13% ACI debenture at Tk.
160000 on the same day (The acquisition price was Tk. 130000, Face Value Tk. 125000). Interest is paid on 30th June each year by the companies on an annual basis. The bank has charged him Tk. 500 as a transaction fee.
b) 18% debenture of ABC Ltd. (face value was Tk. 500000, interest is payable on 31st
December on an annual basis) were sold ex-interest on November 01, 2019, and Tk. 700000
15% debenture of XYZ Ltd. was purchased ex-interest, borrowing the additional amount from NCC bank @ 10% interest. The bank has charged him Tk. 1000 as commission for the settlement of the purchase and sales and Tk. 1500 for collecting interests. The due dates of payment of interest on 15% XYZ debentures are September 30 and March 31.
Calculate his income from securities in the assessment year 2020-21.
