Bachelor of Business administration

Home Assignment: Principles of Taxation

Submitted to,
Course Teacher: Helaluddin Ahmed

Course Name : Principles of Taxation

Course Code : ACC 1001

Submitted by,
Name: Sultana Akter

Roll :3936

Batch :56/D

ID No :WUB 01/18/56/3936

E-learning ID: 0118563936

Date of Submission:
Friday, 09 July, 2021
 Ms. Veronica

Assessment year: 2016-2017

Income Year: 2015-2016

Computation of Total Income

S Income From Interest and Securities TK TK

(Section-22@25)

A Interest on tax-exempt government 9000

Securities interest on 10% tax- government securities (9000*10%) 9000

=18000

Less: exempted-full 18000

B Interest on taxable government securities (1800*100/100-5) 1800

4300
Interest on 10% taxable government securities (25000*10%) 2500

C Interest on 12% debentures (18000*12%) 2160

5160
Interest on 15% debentures (20000*15%) 3000

D Income from zero-coupon bond 8000

Less: exemption-full 8000

Total =9460
 Mr. Jewel

Assessment Year: 2016-2017

Income Year: 2015-2016

Computation of Total Income

S Income From Interest and Securities TK TK

(Section- 22@25)

Interest on 15% tax-exempt government securities (30,000*15%) 4500

A
Less: exempt-full 4500

Interest on taxable government securities [(10,000*100)/95) 10526

B 12,026
Less: allowable expense (Bank Charge) 1500

Interest on 10% debentures [(9,000*10%) 900

C
Less: allowable expense (Bank Charge) (2000) 4,900

Interest on loan (100,00*6%) (6000)

Income from zero-coupon bond 2000

D
Less: exempted-full 2000

Total =16,926