a): Moon Star (Pvt) LtdDwhich is an active tax payer company, provides following details for the...

 

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a): Moon Star (Pvt) LtdDwhich is an active tax payer company, provides following details for the year ended 30* June, 2020; (05) o Income from Property rented out. 64,505,650/- Income from Business. 21,150,000/- Income from Dividend. 1,510,000/- o Insurance premium paid on property. 4,870,339/- o Rental Income paid to HBFC. 1,200,000/- o Rent Collection Charges -2,500,000/- o Ground Rent 1,475,000/- o Municipal tax Unrealized paid paid 500,000/- -3,250,000/- Rent Calculate the total income and tax payable by the company. Note: 1. Consider tax rate for income from property and business @ 29% and for dividend 15% 2. Advance tax withheld @ 15% of gross tax by tenant. 3. Company has made all possible efforts but failed to collect the amount which is now claimed as unrealized rent. a): Moon Star (Pvt) LtdDwhich is an active tax payer company, provides following details for the year ended 30* June, 2020; (05) o Income from Property rented out. 64,505,650/- Income from Business. 21,150,000/- Income from Dividend. 1,510,000/- o Insurance premium paid on property. 4,870,339/- o Rental Income paid to HBFC. 1,200,000/- o Rent Collection Charges -2,500,000/- o Ground Rent 1,475,000/- o Municipal tax Unrealized paid paid 500,000/- -3,250,000/- Rent Calculate the total income and tax payable by the company. Note: 1. Consider tax rate for income from property and business @ 29% and for dividend 15% 2. Advance tax withheld @ 15% of gross tax by tenant. 3. Company has made all possible efforts but failed to collect the amount which is now claimed as unrealized rent.

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