Mr. X bon in the year 1956 and working as Executive Director of M/S Rongdhnu Group since income year2015-16 and drawn sa

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Mr. X bon in the year 1956 and working as Executive Director of
M/S Rongdhnu Group since income year2015-16 and drawn
salary both from M/S White Limited and M/S Black Limited during
income year 2020-21 . During the income year 2020-21, Mr. X
received remuneration from M/S White Limited under a pay scale of
Tk. Tk. 10,000.00 - Tk. 2,000.00 X 5 – Tk. 20,000.00 –EB
Tk. 3,000.00 X 5 – Tk. 35,000.00 EB Tk. 5,000.00 X 6 -Tk. 65,000.00
EB Tk. 7,000 X 10 – Tk. 1,35,000.00 and from M/S
Black Limited a pay scale of Tk. 1,25,000.00 X 2 - EB Tk 50,000 X
5- 5,00,000.00
Mr. X failed to pass the last EB with M/S White Limited.
In addition to the Basic Salary above X received the following
components of basic package from his employers.
1. Special pay 12% and 9% respectively of basic pay
2. Dearness allowance 8% & 6% respectively of basic
pay
3. House rent allowance Tk. 35,000.00 & @28,000.00
respectively
4. Conveyance allowance Tk. 3,200.00 same from both the
entities
5. Discomfort allowance Tk. 6,200.00 only from M/S White
Limited
6. City allowance Tk. 9,500.00& 7,000.00 respectively
7. Entertainment allowance tk. 2,100.00 and none from M/S Black
Limited.
8. Education allowance Tk. 4,100.00 and 8,000.00
respectively.
Apart from the package above, X also received the following
payments from M/S White Limited
1. Nababarsha allowance Tk. 29,000.00 along with 10% of basic
salary from both the entities
2. Tk. 1,15,000.00 by encashing his earn leave from M/S White
Limited
3. Tk. 65,000.00 as reward for extra ordinary performance from
White Limited
4. Tk. 75,000.00 as over time From M/S Black Limited
5. Tk. 80,000.00 as recognition of performance from M/S Black
Limited
6. Tk. 1,25,000.00 as medical support from each of the
companies
7. Contribution to Provident fund @ 10% of the basic both the
entities
8. Provided with a car subject to monthly recovery of Tk. 3,000
along with one driver, monthly salary being Tk. 10,000.00
and two support staffs salary being tk. 7,500.00 each from White
Limited
9. Furnished accommodation subject to monthly recovery of 5,000.00
from Black Limited
10. Received Tk. 75,000.00 from his present Employer from WPPF from
White Limited
Mr. X is the father of one mentally disabled boy out of their
marriage lock..
Mr. X received Tk. 78,000.00 as interest on P.F. balance from M/S
White Limited, received from M/S Black Limited Tk.
62,000.00 as arrear pay and Tk. 6,56, 000.00 upon his separation
from M/S . White Limited
Mr. X. received Tk. 76,000.00 as interest on bank deposit.,
Mr. X is owning Shanchay Patra for Tk. 9,00,000.00 since year
before and during the year received Tk. 90,000.00 as Interest
.
Bank charged Tk. 600.00 for collecting the interest. He also paid
interest of Tk. 6,000.00 for a loan placing Sanchaypatras
under
lien.
Mr. X is owing a residential building incurring cost of Tk.
65,00,000.00 years before comprising 10 flats out of which, Mr. X
is
using two and rented other flats at a quarterly rent of Tk.
45,000.00 per flat and incurred the following expenses
1. Municipal Tax Tk. 72,500.00
2. Local Tax Tk. 36,000.00
3. Land Revenue Tk. 12,000.00
4. Insurance premium Tk. 17,000.00
5. Int. on Loan Tk. 45,900.00
6. Watchman Salary Tk. 42,000.00
7. Painting Tk. 1,25,000.00
Out of the 8 flats rented, 3 flats are used by a Bank and the
balance 5 flats are used by famalies
Two flats remained vacant for two and half months and one for two
months.
Mr. X received Tk 32,000.00 out of his agricultural activities,
Tk 18,000.00 out of a tea garden, Tk. 21,000.00 by selling
home
made sugar out of his own cultivated sugar cane and Tk. 72,000.00
out of sugar cane purchased and Tk. 60,000.00 by selling
tobacco leaves.
Mr. X is owing a business and total sales during the year was Tk.
5,00,000.00 incurring cost of goods sold Tk. 3,25,000.00
inclusive of Tk. 9,000.00 being the cost of a purchase made for
Mr.X, selling, administrative and other expenses of Tk.
95,000.00
and drawn Tk. 1,10,000.00.
During the year Mr. X sold a piece of residential plot for Tk.
1,20,000.00 which he purchased years before by paying Tk.
90,00,000.00 and paid Tk. 5,00,000.00 as income tax at
source.
Mr. X is one of the Partners of M/S NK contributing one third to
the capital of the Partnership. Financial Statement of the
Partnership attached herewith.
Mr. X also received against his earnings from the following
sources
1. Tk. 12,900.00 from interest on savings account.
2. Tk. 75,000.00 from interest on fixed deposits
3. Tk. 24,000.00 from prize bonds
4. Tk. 68,000.00 from shares of a listed company
5. Tk. 56,000.00 from shares of a private company
6. Tk. 48,000.00 from shares of a private company where Mr. Rahman
is one of the members of the Board of Directors
7. Tk. 80,000.00 from a coaching house
Mr. X also received Tk. 34,000.00 from a source owned in the name
of wife, Tk. 12,000.00 from a source owned in the name of
school going daughter and Tk, 40,000.00 from a source owned In the
name of daughter who already passed HSC examination.
Mr. X earned foreign currency equivalent to Tk. 1,25,000.00 which
he carried with him when he entered Bangladesh on 26 th
February and deposited to bank on 26 th March.
During the current year Mr. X made the following investment
transactions
1. Sanchaypatra Tk. 5,00,000.00
2. Agricultural Property Tk. 5,00,000.00
3. Made advance against residential flat Tk. 48,00,000.00
4. Tk.15,00,000.00 in the shares of a listed company
5. Tk. 9,00,000.00 in the shares of a private company
6. Tk. 6,00,000.00 in the shares of a private company where Mr.
Rahaman is one of the board of directors
7. Paid life insurance premium Tk. 12,000.00 against his own life,
9,000.00 against the life of wife, Tk. 8,000.00 against 1 st
daughter and Tk. 9,000.00 against the life 2 nd daughter
8. Tk. 98,000.00 Treasury bond
9. Tk 68,000.00 contributed to Zakat fund
10. Paid Zakat Tk. 12,000.00
11. Paid premium Tk. 6,500.00 against Personal accident
policy
12. Contribution to DPS Tk. 65,000.00
13. Prize bond Tk. 56,000.00
14. Computer Tk. 48,000.00.
15.
At the end of the current year Mr. X had the following assets
& liabilities in his business
1. Cash & Bank Balance : 8,000.00
2. Inventories : 5,000.00
3. Fixed Assets : 65,000.00
4. Other Assets : 7,000.00 and was liable to the extent of Tk.
7,800.00
At the end of the previous year Mr. X was owning
1. Capital in Partnership Firm : Tk. 50,000.00
2. Capital in his own Business Tk. 55,000.00
3. Residential Plot Tk. 8,00,000.00 at Cost
4. Agricultural Property Tk. 50,000.00 at Cost
5. Sanchya patra Tk. 50,000.00
6. Motor Vehicale Tk. 2,00,000.00
7. House hold Furniture Tk. 10,000.00
8. Electronic Goods Tk. 9,000.00
9. Cash Tk.4,600.00
And was liable to Bank for Tk. 1,80,000.00
DO only two
1. Particulars of income from
Salaries
2. Particulars of Income and Tax