Saturday, July 23, 2011

[ vuZs.net ] FIN623 Current Final 2011 Subjective Paper Shared by MUHAMMAD SARIM


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 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

8) 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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Regards
Aniqa Malik
MBA HRM

                


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