FIN623 Final Term Paper
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FIN623 Final Term Paper
1) which part of income is charged to tax of a resident and non resident person? 3Mark
2) who are required to file the return of income tax. 3Mark
3) related to sec 20 and sec 21. 3Mark
4) what is the tax treatment of pension under sec 09 part 1 pf second schedule related to Armed Force? 3Mark
5) Draw a chart for the virtualposition understanding of the taxation structure in Pakistan. 5Mark
6) 5Mark
Motor vehicle of an engine capacity
Amount of Tax
Up to 850cc
Rs. 7,500
851cc to 1000cc
Rs. 10,500
1001cc to 1300cc
Rs. 16,875
1301cc to 1600cc
Rs. 16,875
1801cc to 2000cc
Rs. 16,875
1601cc to 1800cc
Rs. 22,500
Above 2000cc
Rs. 50,000
7)how the records are maintained and valuation of stock is done by the business. 5Mark
computed income taxation year 2010 employee of government. 5Mark
Sales 850,000
Gratuity 1,000,000
Tax deducted of source 5000
sales tax shall be charged.
10%
9%
16% correct
20%
2) who are required to file the return of income tax. 3Mark
3) related to sec 20 and sec 21. 3Mark
4) what is the tax treatment of pension under sec 09 part 1 pf second schedule related to Armed Force? 3Mark
5) Draw a chart for the virtualposition understanding of the taxation structure in Pakistan. 5Mark
6) 5Mark
Motor vehicle of an engine capacity
Amount of Tax
Up to 850cc
Rs. 7,500
851cc to 1000cc
Rs. 10,500
1001cc to 1300cc
Rs. 16,875
1301cc to 1600cc
Rs. 16,875
1801cc to 2000cc
Rs. 16,875
1601cc to 1800cc
Rs. 22,500
Above 2000cc
Rs. 50,000
7)how the records are maintained and valuation of stock is done by the business. 5Mark
computed income taxation year 2010 employee of government. 5Mark
Sales 850,000
Gratuity 1,000,000
Tax deducted of source 5000
sales tax shall be charged.
10%
9%
16% correct
20%
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