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FIN623 - Taxation Management GDB No. 1 Solution and Discussion Spring 2018 Due Date: May 23, 2018
|Starting Date||Thursday, May 17, 2018|
|Closing Date||Wednesday, May 23, 2018|
|Question Title||Definitions and Scope of Income|
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Ans: Special Tax year 2018 (page-13)
Ans: Taxable Income 800,000 (page-13)
Ans: Progressive Tax:
This is based on the “capacity to pay” principle of taxation.
In this type, the rate of tax increase as the income increase. (page-3)
guys please discuss , so then we submit the solution.!!!
tehseen i guess first part is related to receipt of income that may be received in cash basis as well as in kind of. please tell me is it right or not??
what about 2nd, 3rd or 4th. is it right?
tell me the exact solution of first question.!!!