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Briefly answer the following questions.                                                     (2 + 1 + 1)

  1. Why tax avoidance can be favored against tax evasion?
  2. Which tax structure is levied in Pakistan for the taxation of income of individuals?
  3. Mr. Log is the cultivator of wheat and uses it as raw material in his business. Profit and loss account of Mr. Log for the year ended June 30, 2019 showed the net profit of Rs. 4,350,000. The wheat processed in flour mill, if purchased from open market, would have cost to Mr. Log Rs. 1,500,000. What would be the taxable income of Mr. Log, if wheat is not ordinarily sold in the market? (Show complete calculations)


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SOLUTION PLEASE

FIN623 Taxation Management GDB 1 Solution & Discussion Fall 2019


Briefly answer the following questions.                                                                     (2 + 1 + 1)

  1. Why tax avoidance can be favored against tax evasion?
  2. Which tax structure is levied in Pakistan for the taxation of income of individuals?
  3. Mr. Log is the cultivator of wheat and uses it as raw material in his business. Profit and loss account of Mr. Log for the year ended June 30, 2019 showed the net profit of Rs. 4,350,000. The wheat processed in flour mill, if purchased from open market, would have cost to Mr. Log Rs. 1,500,000. What would be the taxable income of Mr. Log, if wheat is not ordinarily sold in the market? (Show complete calculations)

KINDLY ARRANGE GDB SOLUTION TODAY IS LAST DATE

Kindly share fin 623 GDB solution please

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solution plzz

government by the persons (juristic or natural) on whom it is imposed. … Taxable income under the individual Income tax consists of income derived from … evasion and avoidance that are widespread in tax systems. … pace of changes in economic structure and productivity in the past might have favored a fairly benign.
link text

Fin623 gdb idea solution fall 2019

government by the persons (juristic or natural) on whom it is imposed. … Taxable income under the individual Income tax consists of income derived from … evasion and avoidance that are widespread in tax systems. … pace of changes in economic structure and productivity in the past might have favored a fairly benign.

1:Tax avoidance is considered to be legal whereas Tax evasion to be illegal. If a company adopts the policy of tax evasion, it can be in trouble as the company will be charged with fines and penalties for not following the appropriate rules and standards.
2: Income tax.

FIN623 Taxation Management GDB 1 Solution & Discussion Fall 2019


Solution idea...

Government by the persons (juristic or natural) on whom it is imposed. … Taxable income under the individual Income tax consists of income derived from … evasion and avoidance that are widespread in tax systems. … pace of changes in economic structure and productivity in the past might have favored a fairly benign.

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