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# FIN623 Taxation Management Assignment No 01 Spring 2019 Solution & Discussion Due Date:

FIN623 Taxation Management Assignment No 01 Spring 2019 Solution & Discussion Due Date:

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G.D.B solution FIN 623 Last DATE 29 MAY 2019 Answer briefly the following questions: (1+1+2 Marks)
1. A & B are working in a local company at an annual gross income of Rs. 1 million each. For the FY2018, their employer deducted income tax at the rate of 10% of their income. During the FY2019, their salaries got an annual increment of 20% and this time, the company deducted tax at the rate of 12%. Identify the tax structure followed by the company.
2. M Ltd. ends its accounting year on September 30 each year. Determine the tax year of this company for the income year starting on Aug. 1, 2017 and ending on Sept. 30, 2018.
3. Zee Ltd. is a chartered accountancy firm registered under the Partnership Act, 1932. Briefly state, with reason(s) and relevant section(s) whether XYZ Ltd. will be assessed a company for the tax year 2019?

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A & B are working in a local company at an annual gross income of Rs. 1 million each. For the FY2018, their employer deducted income tax at the rate of 10% of their income. During the FY2019, their salaries got an annual increment of 20% and this time, the company deducted tax at the rate of 12%. Identify the tax structure followed by the company.

M Ltd. ends its accounting year on September 30 each year. Determine the tax year of this company for the income year starting on Aug. 1, 2017 and ending on Sept. 30, 2018.

Zee Ltd. is a chartered accountancy firm registered under the Partnership Act, 1932. Briefly state, with reason(s) and relevant section(s) whether XYZ Ltd. will be assessed a company for the tax year 2019

yar koi solution b day diya kro kia fida ap ka

fin623 solution plz

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