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Thursday, December 2, 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

Fin623 Mid Term Current Paper (Dec 2010)

See answer page 90 above question

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

Mr. sohail going come in Pakistan 1st march 2008 to attend marriage ceremony and he is going back to Singapore 22nd march 2008 however he extend his visit and going back 30th may 2009.
What is residential status of Mr. Suhail in tax year 2009? Marks 3

Define section 47 and Section 48 ? Mark 3
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