Rajan is presumptive taxpayer located in Kathmandu Metropolitan City and his total turnover is Rs. 19 lacs and total operating expenses Rs. 17 lacs…
BBS Taxation in Nepal · 2080 · Solved Question with Answer
Rajan is presumptive taxpayer located in Kathmandu Metropolitan City and his total turnover is Rs. 19 lacs and total operating expenses Rs. 17 lacs during the previous income year.
Required: Rajan elected presumptive taxpayer status and compute tax liability with explanation.