ALL UNIVERSITIES AND SERVICE COMMISSIONS PAST PAPERS IN PAKISTAN: Re: ::: vuaskari.com ::: Re: fin623 imp query

HERE IS THE CALCULATION OF UR MCQ:

matured Defence Saving Certificates 60,000

Less: encashed. 70,00

=53000

basic salary = 300,00*12=360000

Add: 53000

taxable income=413000

On Mon, Jul 25, 2011 at 1:13 AM, Rameen Rameen <preetydoll.rameen6@gmail.com> wrote:

20. Mr.Kiani has received basic salary of Rs. 30,000 per month during the tax year 2009. He has received matured Defence Saving Certificates of Rs. 60,000 of which 7,000 were encashed. What will be his taxable income?

► Rs. 960,000

► Rs. 4,13,000

► Rs. 6,50,000

► Rs. 110,000

calculation plzz

On Mon, Jul 25, 2011 at 9:10 AM, fariha maqbool <farihamqbl4@gmail.com> wrote:

Tax payer can opt to seek approval from CIT to charge lump sum payments received in a tax year at average tax rate of last three years. handouts page#59
maha see this reference

On Mon, Jul 25, 2011 at 9:05 AM, MAHA SHAH <maha.shah.askari@gmail.com> wrote:

2nd option is correct

Option to choose current or average of last 3 years tax rate

On Mon, Jul 25, 2011 at 7:01 AM, shanzay gull <shanzay.vu@gmail.com> wrote:

in case of lump sum receipt of income like golden hand shake the tax payer pays tax in
which way?

average of last 3 years tax rate

Option to choose current or average of last 3 years tax rate

Current tax rate

Previous year tax rate

in past paprs file, in one papr first option ios selected

and in secnd papr second option is selected.......:(

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REGARDS

MAHA SHAH

MBA(FINANCE) 4th SEMESTER

ADMIN GIRLS

We are the ASKARIANS!!!! A Name of Quality

ASKARI FORUM

VU PORTAL FORUM

http://groups.google.com/group/vuaskari_com?hl=en?hl%3Den&pli=1

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preety doll

angel4u

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