We have been working very hard since 2009 to facilitate in your learning Read More. We can't keep up without your support. Donate Now.

www.bit.ly/vucodes

+ Link For Assignments, GDBs & Online Quizzes Solution

www.bit.ly/papersvu

+ Link For Past Papers, Solved MCQs, Short Notes & More

Dear Students! Share your Assignments / GDBs / Quizzes files as you receive in your LMS, So it can be discussed/solved timely. Add Discussion

How to Add New Discussion in Study Group ? Step By Step Guide Click Here.

FIN623 Taxation Management Assignment No 01 Spring 2020 Solution & Discussion


+ http://bit.ly/vucodes (Link for Assignments, GDBs & Online Quizzes Solution)

+ http://bit.ly/papersvu (Link for Past Papers, Solved MCQs, Short Notes & More)

+ Click Here to Search (Looking For something at vustudents.ning.com?)

+ Click Here To Join (Our facebook study Group)


Views: 400

Replies to This Discussion

Share the Assignment Questions & Discuss Here.... 

Ans. No.01

Tax Avoidance

Tax avoidance is the use of Legal method to reduce the taxable income or tax payable.

Tax Evasion

Tax evasion is the use of Illegal method to reduce the taxable income or tax payable.

Ans. No. 02

Jee Ltd working under the tax year 2019

Ans. No. 03

Calculation of Taxable income of Mr. Khurram

Basic Salary per month= 70,000

Basic Salary Annually = 70,000 X 12= 840,000

Taxable Salary of Mr. Khurram is Rs. 840,000 (up to 600,000 rate is 0% and exceeding from 600,000/- rate is 5% on Rs. 240,000)

Agriculture Income Taxable is      Rs. 500,000 (Taxable because Land is use for Flowers and Creepers)

Medical allowance is                     Rs.   30,000 (Exempt up to 10% of Basic Salary of 840,000) that’s why Medical allowance is Exempted.

Total Taxable income Mr.Khurram is Rs. 1,340,000     

RSS

Latest Activity

Profile IconRANA ATEEB SALEEM, Shahzeb Zubair, Rana Fiaz Rasool and 18 more joined Virtual University of Pakistan
3 minutes ago
+M.Tariq Malik replied to +M.Tariq Malik's discussion CS205 Information Security Assignment 01 Fall 2020 Solution / Discussion Due Date: 26-11-2020 in the group CS205 Information Security
4 minutes ago
+M.Tariq Malik liked +M.Tariq Malik's discussion CS205 Information Security Assignment 01 Fall 2020 Solution / Discussion Due Date: 26-11-2020
6 minutes ago
+M.Tariq Malik added a discussion to the group CS205 Information Security
7 minutes ago
+M.Tariq Malik replied to +M.Tariq Malik's discussion MGMT623 GDB No 01 Fall 2020 Solution / Discussion in the group MGMT623 Leadership & Team Management - MGMT623 (alt. code=HRM623)
11 minutes ago
+M.Tariq Malik replied to +M.Tariq Malik's discussion ENG201 Online Quiz No 01 Fall 2020 Solution Discussion Last Date: 27-11-2020 in the group ENG201 Business and Technical English Writing
16 minutes ago
+M.Tariq Malik replied to +M.Tariq Malik's discussion MTH401 Assignment 01 Fall 2020 Solution / Discussion Due Date: 30-11-2020 in the group MTH401 Differential Equations
18 minutes ago
zohaib iftikhar replied to zohaib iftikhar's discussion !!!KAHO MUJH SY MUHABBAT HAI!!!!
19 minutes ago
zohaib iftikhar replied to zohaib iftikhar's discussion KAHA TOO YEHI JATA HAI K????
19 minutes ago
+M.Tariq Malik replied to +M.Tariq Malik's discussion CS506 Assignment 01 Fall 2020 Solution / Discussion in the group CS506 Web Design and Development
26 minutes ago
+M.Tariq Malik replied to +M.Tariq Malik's discussion CS506 Assignment 01 Fall 2020 Solution / Discussion in the group CS506 Web Design and Development
32 minutes ago
+M.Tariq Malik replied to +M.Tariq Malik's discussion CS506 Assignment 01 Fall 2020 Solution / Discussion in the group CS506 Web Design and Development
32 minutes ago

Looking For Something? Search Here

© 2020   Created by +M.Tariq Malik.   Powered by

Promote Us  |  Report an Issue  |  Privacy Policy  |  Terms of Service

.