Dunlop Company's profit and loss account for the year ended on 31st December 2020 depicted the...

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Dunlop Company's profit and loss account for the year ended on 31st" December 2020 depicted the following position. Find out the tax liability. Marks: 20 Salaries Postage exp Cost of issuing debentures Interest on debentures 8500000 Gross profit 400000 Premium on issuing of shares 1100000 Gain on sale of Plot 450000 Rent from Property (A) Gain on sale of Private Co 350000 Shares. Sold after 1 year 15500000 150000 5500000 720000 Utility bills Business registration expenses Contribution in provident fund Reserve for gratuity Un adjustable advance Donation to Approved institute Fine on violation of Laws Machinery Purchased Installation of machinery Legal Charges Bad debts Prepaid tax 60000 250000 320000 100000 250000 150000 80000 1000000 150,000 180000 360000 180000 Advertisement expenses 450000 Depreciation Legal Charges Office rent Stationary charges Repairing exp of property (A) Travelling expenses C/F loss from previous year Net profit 480000 85000 760000 75000 375000 55000 175000 5655000 21930000 21930000 Additional Information: 1- An income of Rs.20000 was omitted to be record. 2- Statutory depreciation was 25% more than the claimed one. 3- 1/3rd of Advertisement exp were related to trial production of new product. 4- Travelling expense were made to collect the rent of property. 5- Plot was sold after 2 years. 6- Salary of fresh graduates was Rs.800, 000. 7- Dunlop company was a manufacturer, with 140 employees, including 20 fresh graduates 8- Rental Value of Property was 15% More. Dunlop Company's profit and loss account for the year ended on 31st" December 2020 depicted the following position. Find out the tax liability. Marks: 20 Salaries Postage exp Cost of issuing debentures Interest on debentures 8500000 Gross profit 400000 Premium on issuing of shares 1100000 Gain on sale of Plot 450000 Rent from Property (A) Gain on sale of Private Co 350000 Shares. Sold after 1 year 15500000 150000 5500000 720000 Utility bills Business registration expenses Contribution in provident fund Reserve for gratuity Un adjustable advance Donation to Approved institute Fine on violation of Laws Machinery Purchased Installation of machinery Legal Charges Bad debts Prepaid tax 60000 250000 320000 100000 250000 150000 80000 1000000 150,000 180000 360000 180000 Advertisement expenses 450000 Depreciation Legal Charges Office rent Stationary charges Repairing exp of property (A) Travelling expenses C/F loss from previous year Net profit 480000 85000 760000 75000 375000 55000 175000 5655000 21930000 21930000 Additional Information: 1- An income of Rs.20000 was omitted to be record. 2- Statutory depreciation was 25% more than the claimed one. 3- 1/3rd of Advertisement exp were related to trial production of new product. 4- Travelling expense were made to collect the rent of property. 5- Plot was sold after 2 years. 6- Salary of fresh graduates was Rs.800, 000. 7- Dunlop company was a manufacturer, with 140 employees, including 20 fresh graduates 8- Rental Value of Property was 15% More.