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FIN623 Current Mid Term Papers Spring 2014 & Past Mid Term Papers at One Place Date: June 07 to June 18, 2014

All Current Mid Term Papers Spring 2014 and Past Mid Term Papers at One Place From June 07 to June 18, 2014.

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Replies to This Discussion

Today my fin 623 paper

paper was very easy total question 23 

mcq's 18 and 2 question of 5 marks and 3 question was 3 marks

all the paper coming from past paper

mcqs was toooooo eze

1) sec 104 foreign losses (5 marks)

2) tax year determine (5 marks)

a)      Mr. Kamran a rice exporter deriving income during the period from 1st January 2004 to 31st December 2004.

Tax year is 2005

b)      M/S XYZ an insurance company having an accounting period from 1st January 2006 to 31st December 2006.

Tax year is 2007

c)      Mr. X an individual derived income during the period from 1st July 2002 to 30th June 2003.

3) Section 102 deals with Salary received from Foreign-Source by resident individual. What is the tax treatment of such salary?           Marks: 3

4) 

What is meant by reduction in tax liability? Give an example from Income Tax Ordinance 2001? 3 marks

5) company ordinance ka pohcha tha not remember exactly 3 marks

fizza batool thanks for sharing to help other students.best of luck for ur result 

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FIN623 All Featured Discussions link For Solved Past Mid Term Papers, Solved MCQs, Short Notes & more material for Current mid term papers Spring 2014 exam Preparation links 

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1.paper was to easy and  mostly from past papers:

explain royalty is pakistan source of income if paid by

resident person 

non resident person?

2. explane tax laibility wth example?

3.define resident indvl and AOP with refrnce?

4.caculte medical allownce and tell the percentage of tax concesion on full time researchers ?

5.expalne the characteristics of salary under the ordince 2001?

plz  past paper ki files zaror share kr dein 

tahira  Check this link 

FIN623 All Featured Discussions link For Solved Past Mid Term Papers, Solved MCQs, Short Notes & more material for Current mid term papers Spring 2014 exam Preparation links 

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nafeesajabeen  Thanks for sharing ur paper..best of luck for ur result 

All MCQs from old papers

Q# 1 Foreign Losses (104)

Q# 2 One question about calculating the taxable income of a person who grow 50,000 KGs of wheet or some thing else which will sell at market for Rs. 500 per 40 KG. but he use this crop in his business and 

Sales             600000

Utility charges 50,000

Admin expesnes 100,000

other expense      100,000

Required Calculate the Taxable income

Q#3

Define the section 2(9) of ordinance of 2001.

Q#4

BAAAAKI Bhool gaya

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