Beruflich Dokumente
Kultur Dokumente
ID:
1221480
Non-Corporate Taxpayers:
Income from House Property: U/S24
Tax from the house property shall be ascertained on the basis of annual letting value of house
property. Annual value reasonable rent which the house owner is expected to get from time to
time. Or Annual value is the reasonable rent at which house can be let out from time to time or
the actual rent, whichever is higher. Only the house owner shall be assessed to pay tax. When the
share of house property is definite and ascertainable, income tax shall be calculated on the basis
of specific share of each owner. Deduction from income from house property are:
Any sum payable to Government as land development tax or rent on account of the land
comprised in the property.
The amount of any premium paid to ensure the property against the risk of damage or
destruction.
Where the property is subject to ground rent, the amount of such rent.
Expenditures for repairs and others is an amount equal to one fourth of the annual value of the
property where the property is used for residential purpose. An amount equal to thirty thirty
percent of the annual value of the property where it is used for commercial purposes.
Where, the whole of the property is let out and it was vacant during a part of the year, a sum
equal to such portion of the annual value of the property as is proportionate to the vacancy of
such part.
Basic pay 30,000 taka per month.
He enjoyed the residential facilities and also used a full time transport. Dearness allowances 20%
30000*12 = 360000
Dearness Allowance-
20%
= 72000
= 90000
= 15000
= 18000
Total income
= 567000
Tax comes to
Tk 2,20000
nil
= 37050
175000*15% = 24075
1. 164700 (567000-18000)*30%
2. 218000 (100000+100000+18000)
3. 15000000
Whichever is less
= 12345
Any receipts out of cultivation of land and the use of buildings, premises,
and land appurtenant there to shall be considered as the income from
agriculture after some considerations. The allowable deductions under
agriculture are given below.
Agricultural income shall be determined after allowing a deduction of 60%
from receipt from agriculture as agricultural expenses to avoid the problems
arises out of now acceptable evidences of the production cost of cultivation.
If the agriculture does not have any other income than the agriculture, then
he or she will get additional exemption of taka 50000 over and above the
statutory exemption of 22000/27500 agricultural expense because their
income need transportation to take it to the ports for exports abroad
Prof .Sharma owns 5 acres of land double crops which yields 20 quintals/
acre of paddies (1,000 kg= 1 quintal)
The price per quintal say, taka (30*1000) = 30000 taka.
Total products: 20*5*2= 200*30000
Total receipts from Sale of the agricultural products
6000000 taka
Less: 60% of the total receipt being
Allowances for cost of cultivation
(3600000) taka
Net income from Agriculture
= 2400000 taka
Incorporated Companies: