MD.

ZIAUDDIN
ID# 15006
EMBA, FINANCE, DHAKA UNIVERSITY

Total Income, Net Tax Payable and

Working for Return Form of Mr. Ryan
(Work given on 02-08-2009)
 The problem
• Ryan received the following Income for the Income Year 2008-2009.
• a) Basic Salary Tk 4,00,000/-
• b) Cash House rent allowance Tk. 3,00,000/-
• c) Darwan allowance Tk. 60,000/-
• d) Cash Conveyance Tk. 50,000/-
• e) He sold share of a company for Tk. 2,00,000/- & purchase cost was Tk. 1,50,000/-.
• f) He sold a machinery making capital gain Tk. 10,000/- (Cost of the machine was
Tk. 10,000/-) and invested Tk. 10,000/- in the capital of a business.
• g) Sale of Massroom for Tk. 5,00,000/-. Cost as per books of a/cs Tk. 20,000/-.
• h) Sale of Potato Tk. 1,00,000/-, cost of production as per books of a/cs Tk. 85,000/-.
• i) Interest from debenture Tk. 18000/-. Face Value of this Old Debenture Tk. 1,00,000/-.
• j) Interest from Govt. Securities Tk. 4,500/-. Face Value of this T.B. Tk. 50,000/-.
• k) Dividend from U.C Tk.27,000/-. Face Value of this Old Share Tk. 1,00,000/-.
• l) He owns a house. Rent received Tk. 60,000/-(Cost of this old house Tk. 30 lacs).
• m) He donated Tk. 80,000/- to poor. Purchased one land at town for Tk. 5 lacs & one car
for Tk. 5 lacs.
• n) He paid electricity bill Tk. 2,40,000/-. Children education Expenses Tk. 60,000/-.
Foreign travel exp. Tk. 2,00,000/-. Family expenses Tk. 2,00,000/-. Total car maintenance
exp. Tk. 2,00,000/- and Tax paid in advance Tk. 15,000/-.
 Solution
Mr. Ryan
Income Year 2008-2009
Assessment Year 2009-2010
Work done by:
Md. Ziauddin, ID # 15006.
EMBA, FINANCE, DHAKA UNIVERSITY
Income From Salary (Figure in Taka)

a) Basic Salary 4,00,000/-

b) House-rent Allowance (cash) 3,00,000/-
Less- Tk. 1,80,000/- or
50% of Basic which is lower 1,80,000/- 1,20,000/-
c) Darwan Allowance 60,000/-
d) Cash Conveyance allowance
Cash 50,000/-
Less: Exemption 24,000/- 26,000/-
Income from Salary 6,06,000/-
Capital Gain (Figure in Taka)

e) Sale of Share 2,00,000/-

Less: Cost of Share 1,50,000/-
Capital gain from Share 50,000/-
Less: Exempted 50,000/- Nil

f) Sale of Machinery 20,000/-

Less: Cost Price of Machinery 10,000/-
Capital gain from Machinery 10,000/-
Less: Re- Investment (Exempted) 10,000/- Nil
Income From Capital Gain Nil
Income From Agriculture (Figure in Taka)

g) Sale of Massroom 5,00,000/-

Less:Cost of Production for Mashroom 20,000/-
Income from Massroom 4,80,000/-

h) Sale of Potato 1,00,000/-

Less:Cost of Production for Potato 85,000/-
Income from Potato 15,000/-
Income From Agriculture 4,95,000/-
Income From Interest on
Securities & Debentures (Figure in Taka)

i) Interest on Debenture (Grossed up) [18000x100/(100-10)] 20,000/-

Less: Exemption 15,000/-
Income From Debenture 5,000/-

j) Interest on Govt. Securities (Grossed up) [4500x100/(100-10)] 5,000/-

Less: Exemption 5,000/-
Income From Govt. Securities (T.B) Nil
Income From Interest on Securities & Debentures 5,000/-
Income From Other Source
(Figure in Taka)
k) Dividend From UC (Grossed up) [27000x100/(100-10)] 30,000/-
Less: Exemption 25,000/-
Income From Dividend of U.C 5,000/-
Income From Other Source 5,000/-
Income From House Property
(Figure in Taka)

l) Actual Rental Value 6,00,000/-

Less: Maintenance Cost/ Basic Charge(25% of Rental Value) 1,50,000/-
Income From house Property 4,50,000/-
TOTAL INCOME (Figure in Taka)

 Income From Salary 6,06,000/-

 Capital Gain Nil
 Income From Agriculture 4,95,000/-
 Income From Interest on Securities and Debentures 5,000/-
 Income From Other Sources 5,000/-
 Income From House Property 4,50,000/-
 TOTAL INCOME 15,61,000/-
Calculation of Tax Liability:
Particulars Tax Slab Tax rate Tax amount
Total Income 15,61,000/-
Tax free 1,65,000/- 0% nil
Taxable Income 13,96,000/-
10% Slab 2,75,000/- 10% 27,500/-
11,21,000/-
15% Slab 3,25,000/- 15% 48,750/-
7,96,000/-
20% Slab 3,75,000/- 20% 75,000/-
25% Slab 4,21,000/- 25% 1,05,250/-
Gross Tax Liability 2,56,500/-
Less: Advance Tax (Previous Year) 15,000/-
Tax Liability for Current Year 2,41,500/-
Less: TDS 5,500/-
Net Tax Liability 2,36,000/-
 Cashflow Statement of Mr. Ryan
(For Return form IT 10B serial no 9 or 11)
Cash Inflow Cash Outflow
Sl Particulars Taka Sl Particulars Taka
Basic Salary 400,000.00 Investment on Capital Assets 10,000.00

House Rent 300,000.00 Poor Donation 80,000.00

Conveyance 50,000.00 Land Purchase 500,000.00

Darwan Allowance 60,000.00 Car Purchase 500,000.00

Sale of share 200,000.00 Electric bill 240,000.00

Sale of Machinery 20,000.00 Children Education Expenses 60,000.00

Sale of Mashroom 480,000.00 Foreign Travel Expenses 200,000.00

Sale of potato 15,000.00 Family Expenditure 200,000.00

Interest From Debenture 20,000.00 Car Maitenance Expenditure 200,000.00

Interest From Govt. Security 5,000.00 Advance Tax 15,000.00

Dividend From UC 30,000.00 TDS 5,500.00

House Property 450,000.00

TOTAL 2,030,000.00 TOTAL 2,010,500.00

 Valuation of Old Assets of Mr. Ryan
(For Return form IT 10B serial no 13)

Sl Particulars Taka
Share Purchase Cost 150,000.00
Cost of Machinery 10,000.00
Face value of Old T.B 100,000.00
Face value of Debenture 50,000.00
Face Value of Old Share (U.C) 100,000.00
Cost of Old House 3,000,000.00

Total Value of Old Assets 3,410,000.00

 Statement of exempted Income
[For Return form IT 10B serial no 17 (ii)]
Sl Particulars Taka
House rent Allowance 180,000.00
Conveyance Allowance 24,000.00
Share Income Exempted 50,000.00
Capital Gain from Machinery 10,000.00
Interest on Debenture 15,000.00
Interest on Govt. Securities (T.B.) 5,000.00
Dividend From U.C 25,000.00

Total Exempted Income 309,000.00

 Return Form Page #1
FOR INDIVIDUAL & OTHER TAXPAYERS (OTHER THAN COMPANY)
FORM OF RETURN OF INCOME UNDER THE INCOME TAX IT-11GA
ORDINANCE, 1984 (XXXVI OF 1984)
Photograph of the Assessee
[ to be attested on the photograph]
Be a Respectable Taxpayer
Submit return in due time
Avoid penalty

Put the tick (√) mark wherever applicable

 Self  Universal Self  Normal

1. Name of the Assessee: ..Mr. Sarya/ Md.Ziauddin

2. National ID No (if any) : .............................................................................................................
3. UTIN (if any):--
4. TIN:--
5. (a) Circle: ............................................ (b) Taxes Zone: ...........................................................
6. Assessment Year: .....2009-2010........... 7. Residential Status: Resident /Non-resident 

8. Status: Individual  Firm  Association of Persons  Hindu Undivided Family 

9. Name of the employer/business (where applicable): ..................................................................
10. Wife/Husband's Name (if assessee, please mention TIN): ...............................…
11. Father's Name: ........A.N.M. Imamuddin........................................................................
12. Mother’s Name: ............Sayadatunnesa...........................................................................
13. Date of Birth (in case of individual) : 30- 12- 1973
Day Month Year
14. Address (a) Present: .Assistant Director Finance, Dte. Of Finance, RuralElectrification Board

........................................................................................................
(b) Permanent: ..Village- Niltek, P.O- Shahrail, P-SSingair, Dist- Manikgonj
.........................................................................................................
15. Telephone: Office/Business 8916442 Residential: 01911247330
 Return Form Page #2
Statement of income of the Assessee
Statement of income during the income year ended on ....................................................
Heads of Income Amount in taka
4. Salaries : u/s 21 (as per schedule 1) 606000/-
5. Interest on Securities : u/s 22 5000/
6. Income from house property : u/s 24 (as per schedule 2) 450000/-
7. Agricultural income : u/s 26 495000/-
8. Income from business or profession : u/s 28 nil
9. Share of profit in a firm : nil
10. Income of the spouse or minor child as applicable : u/s 43(4) nil
11. Capital Gains : u/s 31 nil
12. Income from other source : u/s 33 5000/-
13. Total (Serial 1 to 9) 1561000/-
14. Foreign Income: nil
15. Total income (Serial 10 and 11) 1561000/-
16. Tax leviable on total income 256500/-
17. Tax rebate: u/s 44(2)(b)(as per schedule-3) nil
18. Tax payable (difference between serial 13 and 14) 256500/-
19. Tax Payments: (a) Tax deducted/collected at source
(Please submit supporting documents/statement) Tk 5500/-
(b) Advance tax u/s 64/68 (Please attach challan ) Tk 15000/-
(c) Tax paid on the basis of this return (u/s 74)
(Please attach challan/pay order/bank draft/cheque) Tk 236000/-
(d) Adjustment of Tax Refund (if any) Tk nil
Total of (a) (b), (c) and (d)Tk. 256500/-
17. Difference between serial 15 and 16 (if any) nil
18. Tax exempted & Tax free income Tk.................
19. Income tax paid in the last assessment year Tk. .......................
*If needed, please use separate sheet.
Verification
I ........................................................... father/husband ........................................................ UTIN/TIN:
........................................................ solemnly declare that to the best of my knowledge and belief the information given in
this return and statements and documents annexed herewith is correct and complete.
Place: .................................
Date : ................................
Signature
(Name in block letters)
Designation and
 Return Form Page #5
IT-10B
Statement of assets and liabilities (as on 30-06-09)
Name of the Assessee: .....................................................TIN--
1. (a) Business Capital (Closing balance) Tk. 10,000/ -
(b) Directors Shareholdings in Limited Companies ( at cost) Tk. x
Name of Companies Number of shares

2. Non-Agricultural Property (at cost with legal expenses ) : Tk. 30,00,000/ -

Land/House property (Description & location of property) 5,00,000/-

3. Agricultural Property (at cost with legal expenses ) : Tk. Unknown

Land (Total land and location of land property)

4. Investments:
(a) Shares/Debentures Tk. 1,00,000/
(b) Saving Certificate/Unit Certificate/Bond Tk. 1,00,000/
(c) Prize bond/Savings Scheme Tk. .............................
(d) Loans given Tk. .............................
(e) Other Investment Tk. 50,000/
Total = Tk. 2,50,000/-
5. Motor Vehicles (at cost) : Tk. 5,00,000/-
Type of motor vehicle and Registration number
6. Jewellery (quantity and cost) : Tk. Unknown
7. Furniture (at cost) : Tk. Unknown
8. Electronic Equipment (at cost) : Tk. Unknown
9. Cash asset Outside Business:
(a) Cash in hand Tk. ...19500/-
(b) Cash at bank Tk. .............................
(c) Other deposits Tk. .............................
Total = Tk. 19500/-
 Return Form Page #6
B/F = Tk. 42,79,500/
10. Any other assets Tk. nil
(Give details)
Total assets Tk. 42,79,500/-
11. Less Liabilities:
(a) Mortgages secured on property or land Tk. .............................
(b) Unsecured loans Tk. .............................
(c) Bank loan Tk. .............................
(d) Others Forein Remittance as Loan Tk. .............................
Total liability ……………

12. Net wealth as on last date of this income year

(difference between total assets & total liabilities) Tk. 42,79,500/-

13. Net wealth as on last date of previous income year Tk.34,10,000/-

14. Accretion in wealth (difference between serial no. 12 & 13) Tk 869500/-
15. (a) Family Expenditure : (Total expenditure as per Form IT 10 BB) Tk. 10,00,500/
(b) Number of dependant children of the family:
Adult Child
16. Total accretion of wealth (total of serial 14 & 15) Tk. 18,70,000/
17. Sources of Fund :
(i) Shown Return Income Tk.15,61,000/
(ii) Tax exempted/Tax free Income Tk. 3,09,000/
(iii) Other receipts Tk. …………………
Total source of Fund = Tk. 18,70,000/
18. Difference (between serial 16 & 17) Tk. Nill
I solemnly declare that to the best of my knowledge and belief the information given in the IT-10B is correct and
complete.
Name & signature of the Assessee
Date ....................
Assets and liabilities of self, spouse (if she/he is not an assessee), minor children and dependant(s) to be
shown in the above statements.
 Return Form Page #7

FORM Form No. IT-10BB

Statement under section 75(2)(d)(i) and section 80 of the Income Tax

Ordinance, 1984 (XXXVI of 1984) regarding particulars of life style
Name of the Assessee: Mr. Ryan TIN --
Sl No. Particulars of Expenditure Amount of Tk. Comments
 Personal and fooding expenses 2,00,000/-
 Tax paid including deduction at source of the last financial year 20,500/-
 Accommodation expenses
 Transport expenses 2,00,000/-
 Electric Bill for residence 2,40,000/-
 Wasa Bill for residence
 Gas Bill for residenceTk.
 Telephone Bill for residence
 Education expenses for children 60,000/-
 Personal expenses for Foreign travel 200000/-
 Festival and other special expenses, if any 80,000/-
Total Expenditure 10,00,500/-
I solemnly declare that to the best of my knowledge and belief the information given in the IT-10BB is correct and
complete.

Name & signature of the Assessee

Date ....................
If needed, please use separate sheet.