Following data relates to Shafaq Limited (SL): Supplies made with tax deduction u/s 153 Imports of...

 

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Following data relates to Shafaq Limited (SL): Supplies made with tax deduction u/s 153 Imports of raw material Exports made with tax deduction u/s 154 Local sales without tax deduction Gross profit Profit or loss expenses The taxable income of SL under FTR is Rupees 30,000,000 30,000,000 55,000,000 60,000,000 5,000,000 1,000,000 Following data relates to Shafaq Limited (SL): Supplies made with tax deduction u/s 153 Imports of raw material Exports made with tax deduction u/s 154 Local sales without tax deduction Gross profit Profit or loss expenses The taxable income of SL under FTR is Rupees 30,000,000 30,000,000 55,000,000 60,000,000 5,000,000 1,000,000

Answer rating: 100% (QA)

Answer The taxable income of SL under F TR is 4 000 000 Explanation This can be calculated by adding ... View the full answer