Taxation And AuditingTU Board 2024
The following are the details of incoming and outgoing about of various non chargeable assets of Mr. Puskar for the previous income year. Gain on sales of shares Rs 1,200,000 Loss from non…
2The following are the details of incoming and outgoing about of various non-chargeable assets of Mr. Puskar for the previous income year.
Gain on sales of shares Rs 1,200,000 Loss from non-chargeable business assets last year Rs 200,000 Purchase of share Rs 1000,000 sold for Rs 1,300,000 (Non-listed – 2 years ago)
Required: Capital gain or loss from non-chargeable business assets and tax liability.
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