Question: From the given information compute the income chargeable under the head Interest on Securities for Mr. Taleb for the income year 2016-17: Interest on tax-exempt

 From the given information compute the income chargeable under the head

From the given information compute the income chargeable under the head Interest on Securities for Mr. Taleb for the income year 2016-17: Interest on tax-exempt government securities Tk. 15,000; Value of 15% taxable government securities Tk. 30,000; Tk. 9,500 as interest on 12% debentures; Value of 15% debentures Tk. 80,000 and Interest on Zero Coupon Bond Tk. 10,000. The Bank has charged Tk. 3,500 for collection g above interests. In addition to this he has taken a bank loan of Tk. 100,000 @ 6% interest to purchase additional 10% approved company debenture on October 01, 2016

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