Friday, May 28, 2010

FIN623 MID 28May2010

Total 32 Q
28 MCQ's (All are from Past Papers)

List down Tax rules regarding the residential status of individual for the computation of days spending in Pakistan. (3 Marks)

Under which condition income received is categorized under the head Royalty as defined in section 2(54) (3 marks)

An AOP named M/S Khan and Sons has its most of branches in Pakistan is it sufficient to be resident AOP or not ? Explain with Income Tax Ordinance 2001 (5 Marks)

Mr.Shehzad Pakistani citizen who was residing in Pakistan since 1st July 1970, left for Switzerland on 01-08-2008 and come back Pakistan 01-09-2008. He left for Tokyo on 01-12-2008 and stayed there till 20-06-2009 and returned to home country again.
Required: Determine residential status of Mr.Shahzad for Tax Year 2009

1 comment:

  1. I had done TAX paper today at 6-7 PM
    pattern same 32 questions wala tha.

    Q. what is PermanentEstablishment ? 3 marks
    Q. computation of income which is partially agricultural and partly business.3 maks
    Q. Tax treatment of Non resident income according to Pakistan source income ? why it is like this ? 5 marks
    Q. computation of total income of non resident person according to 2009.
    (is swal k liye ch 19 aur 20 ki nexamples solve kr lein)

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