Latest Activity In Study Groups

Join Your Study Groups

VU Past Papers, MCQs and More

We non-commercial site working hard since 2009 to facilitate learning Read More. We can't keep up without your support. Donate.

FIN723 GDB No. 1 Solution and Discussion Fall 2017 Due Date: November 3, 2017

FIN723 - Taxation Management GDB No. 1 Solution and Discussion Fall 2017 Due Date: November 3, 2017 

Important Announcement

Dear Students, 

This is to inform that Graded Discussion Board (GDB) 01 will be opened on October 31, 2017 for discussion and last date for posting your discussion will be November 3, 2017

Topics/Areas for Discussion

 “TAX STRATEGIES FOR REDUCING TAX BURDEN” 

This Graded Discussion Board will cover 6 lessons

Views: 242

Replies to This Discussion

Please Discuss here about this GDB.Thanks

Our main purpose here discussion not just Solution

We are here with you hands in hands to facilitate your learning and do not appreciate the idea of copying or replicating solutions. Read More>>

 

Note:-

For Important Helping Material related to this subject (Solved MCQs, Short Notes, Solved past Papers, E-Books, FAQ,Short Questions Answers & more). You must view all the featured Discussion in this subject group.

For how you can view all the Featured discussions click on the Back to Subject Name Discussions link below the title of this Discussion & then under featured Discussion corner click on the view all link.

Or visit this link 

Click Here For Detail.

&

.•°How to Download past papers from study groups°•.

 

Please Click on the below link to see…

.... How to Find Your Subject Study Group & Join .... 

 

P.S:    Please always try to add the discussion in proper format title like “CS101 Assignment / GDB No 01 Solution & Discussion Due Date: ___________”

Total Marks 5
Starting Date Wednesday, November 01, 2017
Closing Date Saturday, November 04, 2017
Status Open
Question Title Tax Strategies for Reducing Tax Burden
Question Description 
Tax Avoidance and Tax Evasion are the techniques or strategies adopted by the taxpayers for reducing tax burden.

In each of the following cases, which type of strategy is being adopted by the taxpayers and what are its legal implications?

Case 1 Mr. Babar in tax year 2018 earned Rs. 1M as income from salary and had cash in bank account amounting to Rs. 700,000. He was maintaining a locker in the same bank in which he kept the prize bonds worth Rs. 900,000 and other legal documents. He donated Rs. 50,000 to the charitable institution and paid Rs. 80,000 as Zakat under the Zakat and Ushr Ordinance, 1980 from the earned income in the same year.

Case 2 Mr. Raza inherited an asset worth Rs. 7,000,000 during tax year 2018. Mr. Raza owed Rs 600,000 to Mr. Kashif in 2014. Mr. Kashif returned this loan money in full to Mr. Raza in the tax year 2018 in the form of prize bonds. Mr. Raza kept these prize bonds in the locker maintained with the bank. Mr. Raza in the tax year 2018 declared only the amount that is verifiable from the banking transactions i.e. Rs. 7,000,000 and hide the other receipts in the locker of the bank from the Tax authorities.

RSS

© 2021   Created by + M.Tariq Malik.   Powered by

Promote Us  |  Report an Issue  |  Privacy Policy  |  Terms of Service