Suppose you are A (Female students consider it as female assessee and male students consider it as male assessee), having only one source of income from Agriculture Sale of Tea Total income for the Income year 2019 2020 is 210000075 Some expenses related to agricultural income are production cost (...

Suppose you are A (Female students consider it as female assessee and male students consider it as

Fantastic news! We've Found the answer you've been seeking!

Question:

Suppose you are A (Female students consider it as female assessee and male students consider it as male assessee), having only one source of income from Agriculture : Sale of Tea. Total income for the Income year 2019-2020 is 210000075.

Some expenses related to agricultural income are: production cost (not properly maintained, maintenance cost of irrigation plant Tk. 7,000, interest on loan taken for personal purpose tk. 6000.

He/she has only one investment in life insurance premium of his/her spouse Tk. 120000 (policy value Tk. 100000. Apart from that he/she has Tk.5 crore of net wealth and legal guardian of an autistic child.

Compute taxable income, investment allowance and tax liability of A for the assessment year 2020-2021.

Posted Date: Dec 04, 2021 01:59 PM

See More Questions

Suppose you are a farmer whose land produces 50 units of food this year and is expected to produce another 50 units of food next year. (Assume that there is no one else in the world to trade with.)...
Suppose you are a baseball pitcher with two pitches, fastball and curve. Your opponents batting averages against these two pitches are as shown in the diagram below. If your goal is to minimize your...
Consider the same 3-year swap. Suppose you are a dealer who is paying the fixed oil price and receiving the floating price. Suppose that you enter into the swap and immediately thereafter all...
A chef in a restaurant that specializes in pasta dishes was experiencing difficulty in getting brands of pasta to be al dente-that is, cooked enough so as not to feel starchy or hard but still feel...
A gambler thinks a die may be loaded, that is, that the six numbers are not equally likely. To test his suspicion, he rolled the die 150 times and obtained the data shown in the following table. Do...
The owner of Warwick Printing is planning direct labor needs for the upcoming year. The owner has provided you with the following information for next years plans: Each color on the banner must be...
A capital investment project involves the purchase of a 3-D soldering station for $\$ 15,000$, producing an annual net benefit of $\$ 2,250$. The system has an 8-year useful life with a salvage value...
Stratford Industries, Inc., has a foreign operation with the following current year contribution margin income statement (amounts in foreign currency, FC): Sales...
10. A nickel (m = 5.00 g) is placed on the edge of a rotating disc with a radius of 0.41 m. At a particular instant, the component of the force acting on the coin causing it to have an acceleration...
Due to unusual weather conditions in Minneapolis and Buffalo, Sandy-Built has changed the forecasted demand numbers for MeltoMatic snowblowers at its two distribution centers. Using Figures 12.24 and...
From the time of its incorporation in 2001, Hassle Pty Ltd ran a business of importing and selling trucks. The head office of the business was in Melbourne and warehouses and retail outlets were...
In this problem, we will compare the performance of a vector processor with a hybrid system that contains a scalar processor and a GPU-based coprocessor. In the hybrid system, the host processor has...
Add a method: to the Person class of Exercise P3.6. Data from P 3.6 A Person has a name (just a first name for simplicity) and friends. Store the names of the friends in a string, separated by...
Print a diamond shape, as in the preceding exercise, with the asterisks in the middle row and column omitted, like this: ****** ** **
Using the Picture class from Worked Example 6.2, apply a sunset effect to a picture, increasing the red value of each pixel by 30 percent (up to a maximum of 255). Data from worked example 6.2....
A simple model for the hull of a ship is given by: (Note: There are two values of y for each x and z because the hull is symmetric from starboard to port.) The cross-sectional area at a point x is...
5. a. Economists sometimes refer to the attempt by countries to fix their exchange rates, control their money supplies, and operate with open capital accounts in their balance of payments (that is,...
Show that the peak of the black body spectrum as a function of ? is given by eq. (22.14) kg T Wmax = 2.82
What is the quantum number of this hydrogen atom?
Write the symbol for an atom or ion with: a. four electrons, four protons, and five neutrons. b. six electrons, seven protons, and eight neutrons.
What are the quantum numbers n and l for a hydrogen atom with E (13.60/9) eV and L = V2h?

Suppose you are A (Female students consider it as female assessee and male students consider it as

Question:

Expert Answer:

Taxable income 210000075 ... View the full answer

Students also viewed these general management questions