Income Tax Accounting Midterm Spring 2026 Question Paper

Question-1: Interpret “Salary” according to section 32(2)(a) of ITA 2023. Contrast proportional and degressive tax systems using an example. CLO-1, L-2; [5] Question-2: (a) Sikandar Raza born in Sialkot in the northeast of Pakistan. He made his international debut for Zimbabwe, in the first ODI against Bangladesh in 2013. Sikandar was firmly settled into his role as the most adventurous batsman in Zimbabwe's top order, with a fondness for carving the ball through and sometimes over point, and a useful side line as an off spinner. Mr. Raza came to Bangladesh on January 1, 2025 to play in BPL. In order to qualify his team for the final, he stayed in Bangladesh until February 20 to play the final. In addition, Sikandar Raza has been playing in the BPL for the last five years. From the beginning to the end of the tournament, Sikandar Raza stayed in Bangladesh for 35 days each year. Requirement: Use the given information in determining the residential status of Sikandar Raza for the income year 2024-2025 in accordance with section 2(45) of ITA 2023. CLO-2, L-3; [2] (b) Mr. Z is a service holder and his total income disclosed Tk 15,00,000 during income year 2024 2025. In addition, he has disclosed his investment which includes savings certificate Tk 300,000; DPS Tk 100,000; purchased three decimal plot Tk 15,00,000 and bank deposit Tk 200,000. Mr. Z disclosed his net wealth Tk. 51,00,00,000. Requirement: Use the given information in calculating the amount surcharge and tax rebate for the assessment year 2025-2026. CLO-2, L-3; [3] (c) Jannatul Ferdous, a hearing-impaired single mother of two children, has been employed as a cashier for several years. Following the death of her husband in 2023, she successfully completed vocational training provided by PDFA and subsequently secured employment at Swapno. She currently resides with her two children within the Dhaka South City Corporation area. During the income year 2024 2025, Jannatul Ferdous earned a total salary income of Tk 800,000 from her employment at Swapno. Requirement: Utilize the given information to calculate her tax liability for assessment year 2025-2026. CLO-2, L-3 [2]