::: vuaskari.com ::: FIN623 My today's paper!!!!!!!!

Subjective Questions are:

Determine total income of Mr. khalid, a resident individual for tax year
2009. Relevant data is given below:

He get salary Rs.400,000.

He get profit on shares from UK  Rs. 100,000.

He get remittance from India Rs.360,000. and

he get profit on debt Rs. 650,000. What is his gross total income. (marks : 5)

 

What is mean by the short-term resident. Identify the tax treatment? (marks : 5)

 

how differently tax treatment on resident and non resident person? (marks : 3)

Define employment & also mention section?  (marks : 3)


 
Employment Sec. 2(22)
Employment includes:
•A directorship or any other office involved in the management of a company;
•A position entitling the holder to fixed or ascertainable remuneration; or
•Holding or acting in any public office.


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Best Regards
Waqas Akram
MBA Finance (3rd Semester)
(Kharian)

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