We are here with you hands in hands to facilitate your learning & don't appreciate the idea of copying or replicating solutions. Read More>>
Study Groups By Subject code Wise (Click Below on your university link & Join Your Subject Group)
Looking For Something at vustudents.ning.com?Search Here
Tax Credit and its Treatment
Learning Objectives: This activity aims to enable the students to understand tax credit and its application in the light of related tax provisions of Income Tax Ordinance 2001.
Mr. Ali donates Rs. 30,000 annually to ABC University (Federal Government University). Taxable income of Mr. Ali for the tax year 2016 is Rs. 750,000 and assessed tax liability is Rs. 35,000. Consider above information and discuss the treatment of “Tax Credit” in the light of relevant provisions of Income Tax Ordinance 2001. Also discuss the situations where tax credit facility is granted and its effect on tax payer.
This Content Originally Published by a member of VU Students.
Need Solution Please...
Koi ha jo discussion start karey.