Taxation In NepalTU Board 2023
The following is the receipts and payments account of a lawyer for the previous year: ReceiptsAmount (Rs)PaymentsAmount (Rs)To, Balance b/d100,000By, Salary to Staff100,000To, Legal Fees500,000By,…
3The following is the receipts and payments account of a lawyer for the previous year: ReceiptsAmount (Rs)PaymentsAmount (Rs)To, Balance b/d100,000By, Salary to Staff100,000To, Legal Fees500,000By, Telephone charge50,000To, Commission received100,000By, Personal expenses50,000To, Income from agriculture50,000By, Donation to tax exempt entity20,000To, Interest on fixed deposit50,000By, Balance c/d580,000Total800,000Total800,000 Required: Assessable income from profession.
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