FIN623 Final Term Paper
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FIN623 Final Term Paper
1. Under what conditions a commissioner of Income Tax may ask for the
filing of returns by notice? (5 Marks)
2. (5 Marks)
a. Will Tax depreciation be allowed on a full year basis of a company
engaged in a seasonal industry like sugar production
b. Are Expenses incurred prior to incorporation of a company tax deductible?
3. Draw a chart for the understanding of taxation structure in
Pakistan (5 Marks)?
4. In what ways a return of Income is filed? (3 Marks)
5. What is the tax treatment of Speculation business as per section 19
of Income Tax Ordinance 2001? (3 Marks)
6. What does the word Market Value means as per rule 11 sub rules 3 of
Income Tax Rule 2002? (3 Marks)
filing of returns by notice? (5 Marks)
2. (5 Marks)
a. Will Tax depreciation be allowed on a full year basis of a company
engaged in a seasonal industry like sugar production
b. Are Expenses incurred prior to incorporation of a company tax deductible?
3. Draw a chart for the understanding of taxation structure in
Pakistan (5 Marks)?
4. In what ways a return of Income is filed? (3 Marks)
5. What is the tax treatment of Speculation business as per section 19
of Income Tax Ordinance 2001? (3 Marks)
6. What does the word Market Value means as per rule 11 sub rules 3 of
Income Tax Rule 2002? (3 Marks)
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