Fin623 Mid Term Current Paper (Dec 2010)

Fin623 Mid Term Current Paper (Dec 2010)


LONG QUESION

Q.  1 List down the characteristic of salary?             Mark 5

Q. 2  What is the rule of double derivation of income and double deduction of expense also write section? Mark5      

See answer page 90  above question

What is the  non resident status of Pakistan source income?    Marks 5

Mr. sohail  going  come in Pakistan 1^st march 2008   to attend marriage ceremony  and he is going back to Singapore  22^nd march 2008 however he extend his visit  and going back  30^th may 2009.  

What is residential status of Mr. Suhail in tax year 2009?   Marks 3

Define section 47 and Section 48 ?   Mark 3