1. Bappi (female student consider it as wounded male freedom fighter and male student consider it...

 

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1. Bappi (female student consider it as wounded male freedom fighter and male student consider it as female disabled person). He/she has income of Tk. 47,00,000 in the income year 2020-2021. His/her only source of Income in the income year is Agriculture, in particularly from tobacco production. He/she is the legal guardian of three children, among these three, one is autistic and other two are mentally retarded. Besides all those information, additional information are given: • She/he has net wealth of Tk. 11 crore. • Purchase of laptop Tk. 70,000. • Purchase of Unlisted company share Tk. 20,000. • Donation to International level institution Tk. 100,000 Donation A. kashem group Tk. 37,000. • Life Insurance Premium Tk. 7000 (policy value Tk. 60,000 • Purchase of listed company's shares Tk. 11000. Compute taxable income, investment allowance and tax liability of Bappi for the assessment year 2021-2022. 8 1. Bappi (female student consider it as wounded male freedom fighter and male student consider it as female disabled person). He/she has income of Tk. 47,00,000 in the income year 2020-2021. His/her only source of Income in the income year is Agriculture, in particularly from tobacco production. He/she is the legal guardian of three children, among these three, one is autistic and other two are mentally retarded. Besides all those information, additional information are given: • She/he has net wealth of Tk. 11 crore. • Purchase of laptop Tk. 70,000. • Purchase of Unlisted company share Tk. 20,000. • Donation to International level institution Tk. 100,000 Donation A. kashem group Tk. 37,000. • Life Insurance Premium Tk. 7000 (policy value Tk. 60,000 • Purchase of listed company's shares Tk. 11000. Compute taxable income, investment allowance and tax liability of Bappi for the assessment year 2021-2022. 8

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Taxable income 4700000 70000 20000 ... View the full answer