Question: Need full Excel sheet and full answer correctly. Compute the income chargeable under the head Income from interest on Securities for Mr. Kabir for the
Compute the income chargeable under the head "Income from interest on Securities" for Mr. Kabir for the income year 2015-2016 using the following information: Income from interest on tax-free government securities Tk. 35,000; Income from interest on less-tax government securities Tk.28,000; 8\% approved commercial securities to the extent of Tk.30,000; 7% unapproved commercial securities to the extent of Tk.30,000; Income from zero-coupon bond Tk.8,000 The Bank has charged Tk. 2,500 for collecting the above interests. In addition to this he has taken a bank loan of Tk.5,00,000@12\% interest to purchase commercial securities effective from .1 1st January 2016
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