Taxation In NepalTU Board 2023
Mr. Baral resident of remote area A furnished the following Receipts and Payments account for the previous year: Dr. Cr. ReceiptsAmount (Rs)PaymentsAmount (Rs)To, Balance b/d100,000By, Collection…
3Mr. Baral resident of remote area A furnished the following Receipts and Payments account for the previous year: Dr. Cr. ReceiptsAmount (Rs)PaymentsAmount (Rs)To, Balance b/d100,000By, Collection cost of interest1,000To, Natural Resources Payment (net)255,000By, Office rent20,000By, Domestic expenses15,000To, Casual Gain20,000By, Donation to Local Club30,000To, Interest from Investment100,000By, Balance c/d459,000To, Bad Debts recovered (30% not allowed)50,000Total525,000Total525,000 Required: Net assessable income from investment
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