Department of Accounting & Information Systems

Course Title: Taxation I

Course Code: 3105

Assignment- Answer to the questions

Submitted to:
Mahade Hasan
Lecturer
Department of Accounting & Information Systems
Jahangirnagar University

Submitted by:
Tania Sultana
Roll Number- 1575
Reg. Number- 47570
Batch-8th

Date of Submission: 23 June 2021

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Transmittal Letter
22 June 2021

Mahade Hasan

Lecturer

Department of Accounting & Information Systems

Jahangirnagar University

Sir,

With due respect, in response to your assignment on “Taxation I assignment for 8 th Batch”, I am
submitting this assignment report consisting of the answers to the eight questions provided as per
your instructions. I hope that if it can fulfil all your instructions.

Based on my findings, taxes and taxations are very important for me. This had a lot of learnings
for me and I am privileged to get such an opportunity to learn so many things from here.

I hope that you will let me know your reviews about this report.

Sincerely yours,

Tania Sultana

Roll Number- 1575

Reg. Number- 47570

Batch-8th

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 Table of Contents
Transmittal Letter............................................................................................................................ii

Questions:.......................................................................................................................................iv

Answers:.........................................................................................................................................iv

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Questions:
1. Discuss the importance of tax in the economic development of a country?
2. Why as a student of Business Studies Faculty, you should study the “Taxation I” course?
3. Briefly discuss the scope of Bangladesh income tax.
4. Differentiate between VAT & Income Tax.
5. As per section 2(55), how you can determine an assessee’s residential status?
6. List the tax-free incomes as per the sixth schedule (part A) of Income Tax Ordinance
(ITO) 1984. (see page 209 of your textbook)
7. What are the items that should be considered as investment tax rebate as per the sixth
schedule (part B) of Income Tax Ordinance (ITO) 1984? (see page 213 of your textbook)
8. Differentiate between tax evasion, tax avoidance & tax planning.

Answers are Provided from the Next Page

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