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TOPIC : Scope of Income/Concept. Marks: 5
Describe with reason whether the following receipts are taxable in the hand of Zee Ltd. – the recipient:
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Friends share your thought and ideas for this gdb no 1 of Taxation Management (Mgt 602).
now i have submitted GDB#1, its very easy
Muhammad Abu Bakar Awan.............plz share your thought with all students ....for this gdb ...and also discuss how to calculate and solve these questions
1,2,3 & 4
Firstly, you will gain the knowledge about what is Receipt of income?
Section 69 of the ordinance defined Receipt of income
Read Handout page 87. then apply on the given GDB scenario.
ok ....Alright.......thanku Muhammad Abu bakar ....for guidance about gdb questions.
kuch smajh ni aa rhi kaise kron?
Receipt of Income Section 69:
A person shall be treated as having received anamount, benefit, or perquisites if it is:
a.Actually received by the person
b.Applied on behalf of the person, at the instruction of the person or under any law; or
c.Made available to the person
please share your GDB Solution...
Plz Apni wording mey likhan isay.......
A sum of PKR 72,000 recieved by the clent R Ltd to be treated as not taxable because once tex has been charged an amount of 3,000 already on the account of R Ltd prerior.
Bee Ltd confirm its payment of 15,000 to via Dee Ltd is deemed as taxable income of Zee Ltd.
Adjusting PKR 25,000 by the Zee Ltd is to be consider his expenses and not be charged in taxable in come.
An amount 250,000which in unincured but tranfered to Zee Ltd is not taxable because this amount is transfered by its client on cross check that would be must have withholding tax
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