Re: ::: vuaskari.com ::: FIN 623 APPOSITE QUIZ -REMEMBER

Question No: 24 ( Marks: 1 ) - Please choose one

Mr. Ali resident of Pakistan received salary form UK? What will be the tax treatment of

his salary in Pakistan?

► Wholly taxable

► Partly Taxable

► Wholly exempt

► Wholly exempt only if resident paid foreign tax on his salary

INCOME TAX ORDINANCE 2010

PART II

TAXATION OF FOREIGN-SOURCE INCOME OF RESIDENTS

102. Foreign source salary of resident individuals. — (1) Any foreignsource

salary received by a resident individual shall be exempt from tax if the

individual has paid foreign income tax in respect of the salary.

On Sun, May 15, 2011 at 6:33 AM, mc090400185 Sheikh Javaid Ijaz <mc090400185@vu.edu.pk> wrote:

Question No: 19 ( Marks: 1 ) - Please choose one

For a resident AOP which of the following condition must be satisfied?

► Control and management of affairs of AOP is situated partly in Pakistan

► Control and management of affairs of AOP is situated wholly in Pakistan

► Control and management of affairs of AOP is situated wholly or partly in

Pakistan

► None of the given options

Question No: 18 ( Marks: 1 ) - Please choose one

For a non-resident AOP which of the following condition must be satisfied?

. Control and management of affairs of AOP is situated partly in Pakistan

. Control and management of affairs of AOP is situated wholly in Pakistan

. Control and management of affairs of AOP is situated wholly or partly in

Pakistan

. None of the given options

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