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FIN723 All Current Mid Term Papers Spring 2015 & Past Mid Term Papers at One Place from 20 June 2015 ~ 01 July 2015

FIN723 All Current Mid Term Papers Spring 2015 & Past Mid Term Papers at One Place from 20 June 2015 ~ 01 July 2015


You Can Download Solved Mid Term Papers, Short Notes, Lecture Wise Questions Answers Files, Solved MCQs, Solved Quizzes , Solved Mid Term Subjective Papers , Solved Mid Term Objective Papers From This Discussion For Preparation Mid Term Papers of Fall 2014

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Replies to This Discussion

today's FIN723 paper (Taxation)

Q:1 what is the residential status of the following:

1. CMB Bank limited

2. some company name... sorry i forgot.

3. some hospital name working on research on cancer

4. HUF

5. governemnt of sindh

Q:2 Mr. XYZ is maintaining tax accounts he is confused about some incomes, help him put these accounts under proper heads according to the income tax ordinance 2001.

1. Mr. ABC is receiving salary 30000 Rs monthly from last 11 months.

2. XYZ co. received return on TFCs last years amounting Rs. 500000 now the face value of TFCs is 50 millions.

3. Mr. College Teacher has received 5000 Rs. for marking some papers.

4. Mr.D won 30000 rs. from lottery.

5. Mr.A received rent from his plaza in lahore.

Q:3 Mr.zain is giving online services to a US company (means he is employee of US company) he has received 250000 Rs. as salary and his employer has already deducted Rs.25000 as tax. what will be the provision under law/ ordinance?

Q:4 residential status of Individual and residential status of Company.

Taxation Management:
Another paper of FIN723 by a member.
Q. 1 determination of legal status of 5 different categories like provincial govt. A Hindu family etc

Q.2 Explaining flying allowance of a person of Rs. 75000/- and calculating tax on the same allowance as per income tax ordinance 2002.

Q3. an Xyz company formed under the companies ordinance 1984 in pakistan and partly controlled in Saudi Arabia having 51% share in Saudi arabia and 51 % share in Pakistan. was delisted on 29th Jun 2014 in pakistan. and established on Jan 2013. Requirement was to state relevant rules of Resident Company. ii) is it a resident company if yes give reason.

Q4. Determination of total income from industrial business and agricultureal of a person plus determination of gross profit for the business from a given data. i m sorry i dont remeber the exact figure for this question. but the question was related to agriculture income.

current + old





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