SET C (6+11=17)

2. Particulars of Mr. Abdur Rahman for the year ended 30th June, 2021 are: Sale of
Rabi Crops Tk. 55,000; Sale of Paddy 111 maunds @ Tk. 590 per maund; Income
from Barga Tk. 22,000; Income from Ferry Ghat 10,500; Income from tea garden Tk.
1,80,000; Income from Sugar industry Tk. 2,00,000; and Income from sale of Palm
Juice Tk. 1,400. Expenses relating to all these income are as follows: Seed and
Fertilizer Cost 11,600; Crop insurance premium Tk. 7,000; Maintenance costs for
irrigation plant Tk. 5,000; and Union parisad tax Tk. 1,050; Land revenue paid Tk.
4,500; Depreciation on Tractor @ 25% Tk. 10,000. He maintained proper books of
accounts. Compute his taxable income for the year 2020-21.
(6)

3. Mr. Abdul Karim is a senior officer of a company. His service started on 01 July,
2019. His salary scale is 80,000-2500- 1,20,000. His date of yearly increment is 01
June. From then he received following income:
He has been provided with accommodation by the company; the annual rental vale of
the house is Tk. 2,10,000; Full time car for 24 hours for his own family use. Company
has also paid Tk. 1,02,000 to him during the year being the reimbursement of various
utility bills of his house; Out of generosity the company paid him tk. 1,00,000 for his
overseas travels with his family during the year; he has contributed 10% of her basic
salary to an recognized provident fund. His employer also contributed the same
amount. Interest on the said fund @ 18% is Tk. 1,800 during the period:

During the year he has claimed investment allowance for: Purchase of shares of
unlisted companies Tk. 15,000; Purchase of government treasury bond Tk. 15,000;
Insurance premium Tk.10,000 (Policy value Tk. 1,50,000); Household expenses Tk.
2,00,000; Donated Tk. 50,000 to the Prime Minister's Zakat Fund; Donated to his
children's school Tk. 10,000; and Loan installment paid to Prime bank Tk.50,000
(including Tk. 1000 interest).
Compute his total income, investment allowance and Tax liability for the income year
20120-21. (11)