BBA VII AND Co Limited’s financial position statement for year 2020 is showing Deferred tax liability of Rs. 360 Million and Current tax liability of Rs. 150 Million. Similarly, deferred tax amount of Rs. 420 Million and current tax liability of Rs. 170 Million is declared in Year 2021. Current year tax expense in the statement of Profit & loss for year ended June 30, 2021 is showing Rs. 280 Million. How much tax was paid during July 01, 2020 till Jun 30, 2021.
(4 Points)
200 Million
250 Million
320 Million
190 Million
Year
Deferred Tax
Current Tax
2020
360, 000, 000
150, 000, 000
2021
420, 000, 000
170, 000, 000
Gross profit = 280, 000, 000
Deferred Tax= 150, 000, 000 + 170, 000, 000= 320, 000, 000
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