Tax Book 2023

Chapter 21 ___Solved Past Papers Income Tax Numericals of CA Module C - (2001 to 2022)

Less: Admissible expenses/inadmissible income

Bad debts recovered: Aslam [1,200,000–600,000–400,000] (200,000)

Tax depreciation (W-1) (211,250)

3,953,200

Less:

B/f business loss for the tax year 2017 (125,000)

Unabsorbed tax depreciation – brought forward (705,000) (830,000)

Total business income for the year 3,123,200

Conceptual Approach to Taxes Conceptual Approach to Taxes 505505