Which of the following is an inadmissible deduction in computing the income of a company as per sec. 21 of the ITO 2001?
All of the following are the examples of capital asset as per sec 2(11) and 37(5) of the ITO 2001, EXCEPT:
_____________ u/s 32(2) of ITO 2001 shall use accrual basis of accounting to account for its income chargeable to tax under the head income from business.
Pre-tax profit of a company is Rs. 7,500; provision for doubtful debts is Rs. 300 and actual bad debts for the year are Rs. 200. The taxable income for the tax year 2019 would be Rs. __________.
Mr. Owner rented out his house for an amount of Rs. 600,000 being un-adjustable each month against monthly rent. Determine the rent chargeable to tax for the tax year 2019.
The dividend of Rs. 2.75 million received by a person from a mutual fund company will be taxed at the rate of ___________ under the ITO 2001?
Turnover as per sec 113(4) includes all of the following, EXCEPT:
XYZ Co. during the tax year 2019 disposed off a depreciable asset for consideration that exceeded the written down value of this asset at the time of disposal. This income is ____________ for XYZ Co.?
If you want to know how you can join us and get 100% Discount on your FEE ask Cyberian in Chat Room!
