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No plagiarism No plagiarism No plagiarism No plagiarism Q1. Explain how Gains and on disposal of assets losses are calculated and give numerical examples for taxable gains and non-taxable gains. (DO NOT copy from the Law). Q2. Discuss why some fixed assets require alms to be paid while others do not. (In your own words DO NOT copy from any source). Q3. Growth is an important condition for assents to be eligible for Zakat. Discuss the importance of growth and the reason behind requiring such rule. (In your own words DO NOT copy from any source). Q4. Explain why ownership rights do not deduce alms assets. (In your own words DO NOT copy from any source). Q5. Depreciation rates used in financial accounting shall not be used in tax accounting whereas tax law gives tax credits to tax payers by using accelerated depreciation rates for some groups of assets Required: State depreciation rates under the Article 17 of the Saudi Income. Q6. The paragraph (e) in the article 17 of the Saudi income tax explained how depreciation expense is calculated for any group of assets.Required:Discuss In Detail This Article
Give a numerical example explaining the applicability of the paragraph (e) in the article 17 of the Saudi income tax.
(Answer in your own words DO NOT copy from the Law).

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