Mr.

Abdul Majeed
COMPUTATION OF INCOME TAX
TAX YEAR 2022
Rupees
Gross Exempt Taxable
Basic salary 2,610,000 174,000 2,436,000
PF Withdraw - - -
Medical Allowance - - -
Other Sources - - -
Rental Income - - -
Property Gain u/s 37(1)(a) - - -
Agricultural Income - - -
Business Income
--Receipt - - - -
--Expenses - - - -
Business Income - - -
2,610,000 174,000 2,436,000

TAXABLE INCOME 2,436,000

Tax on taxable income 185,400

Dividend from Allied bank -
Property Income -
Total Tax Liability - 185,400
Rebate - -
-
Net Tax Liability 185,400

Less: Income tax paid / deducted at source

on salary 185,400
Dividend from Allied bank -
Immoveable Property u/s 236 C -
Immoveable Property u/s 236 K 36,000
Prize bond u/s -
Internet -
WHT on Supply 153 -
Other -
On Telephone / Mobile Bills -

Total tax paid / deducted at source 221,400

Tax payable/(refundable) (36,000)

Mr. Abdul Majeed
TAX YEAR 2022

CASH FLOW STATEMENT

Cash flow Wealth

Reconciliation
2022 2022
Rupees Rupees

Net wealth as on 30.06.2022 7,656,306

Net wealth as on 30.06.2021 4,970,366
2,685,940

Cash in hand 30.06.2021 4,420,366 ###

Cash at banks 30.06.2021 550,000 ###
4,970,366 ###
Inflows
Salary Income 2,610,000 2,610,000
Gift from Wife 1,200,000 1,200,000
Sale MG vehicle - -
Tucson sold - -
Loan from bank islami - -
Loan from Maqsood Sb - -
Loan from Hassan Tahir - -
Loan from Nousheen Ghaffar - -
Gifted Shares from Ravi motors from M. Afzal - -
Income from business - -
###
3,810,000 3,810,000
8,780,366 ###
Outflows

Personal expenses as per Annex-D 902,660 902,660

10 Marla Plot 484 LDA Avenue-1 Scheme Lahore 7,500,000 -
10 Marla Plot 677 New Lahore City -
MG Motors Advance for vehicle - -
Hundai Motor advance for vehicle - -
Advance Against Swift - -
House 197 B etihad town (Work in Progress) - -
Gift to Wife - -
Tax deducted at source 221,400 221,400
WH/Tax on cash withdrawals - -
-
8,624,060 1,124,060

156,306 2,685,940
-
Closing balances

Cash in hand 156,306 ###

Cash at bank - ###
156,306 ###
Mr. Abdul Majeed
TAX YEAR 2022

SUMMARY OF NET WEALTH

30.06.2022 30.06.2021 30.06.2020

Rupees Rupees Rupees

ASSETS

10 Marla Plot 484 LDA Avenue-1 Scheme Lahore 7,500,000 - -

House Wapda Town 230 J-3 - - -
Advance Ramay Builders - - -
Shop 44 Advance - - -
5 Marla Plot 869 New Lahore City - - -
10 Marla Plot 677 New Lahore City - - -
Indus Motors advance for Toyota vehicle - - -
MG Motors Advance for vehicle - - -
Hundai Motor advance for vehicle - - -
Investment - - -
Advance Against Swift - - -
Equipment/Gold 97 Tola - - -
House 197 B etihad town (Work in Progress) - - -
-
Cash in hand 156,306 4,420,366 -
Cash at Bank - 550,000 -

###
Total Assets 7,656,306 4,970,366 ###
-
###
LESS: LIABILITIES ###
###
Loan from bank islami - - ###
-
Loan from Maqsood Sb -
Loan from Hassan Tahir -
Loan from Nousheen Ghaffar -
###
TOTAL LIABILITIES - - ###
-
###
NET WEALTH 7,656,306 4,970,366 ###
-
###
 Mr. Abdul Majeed

TAX YEAR 2022

Annex - D
Details of Personal Expenses (for individual)

Sr Description Expenses

1 Residence electricity bills 108,900

2 Residence telephone/mobile/internet bills 11,616

3 Residence gas and Water bills 32,670

4 Residence rent/ground rent/property tax/fire insurance/security services/water bill 412,610

5 Medical 10,164

6 Travelling (foreign and local) 14,520

7 Running and maintenance expenses of Motor vehicle(s) 21,780

8 Donation -

9 Other personal and household expenses 290,400

10 Total personal expenses (Sum of 1 to 9) 902,660

11 (Less) Contribution by family members

12 Net Personal Expenses (10 - 11) transfer to Sr-44 of Main Return 902,660

13 Number of family members/dependents Adults Minors

 Mr. Abdul Majeed

TAX YEAR 2022

Tax on Cash Closing

BANK Branch Name A/c NO. Zakat Profit Tax
With Drawl Balance
HBL Liberty Market Lhr 743903 - - - - -
SCB 7301 - - - - -
- - - - -
- - - - -
- - - - -