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::: vuaskari.com ::: Re: (Attock VU Group) fin623 need to solve urgent

it is advised you that must bring new rates in hard form, because VU allow to take new rates in exams even you may discuss with your campus as well........so best of luck for your fin623 paper.........

attached soft copy

Regards.
Imran Zafar  

On Tue, Feb 7, 2012 at 4:55 PM, mc100203984 Imran Zafar Khan <mc100203984@vu.edu.pk> wrote:
anyone can solve these question on urgent basis



1-How valuation of stock is done and analyse the maintaniance of record in modern era?
2. How mistakes are rectified through the term maLFUNCTIONING?
baqi saray questions numerical thay  :(

Another paper...................................................................................................................
today subjective of FIN623
Marks 5
Farooq and co. ltd filed tax return for tax year 2012, declaring taxable income as Rs. 1050000; during the assessment and security of record by the tax authority, it was observed that deduction of tax at source was not made by the company, while making the following payments. Compute taxable income and tax thereon for tax year 2012.
Salaries Rs. 250,000
Purchase of office appliances. 100,000
Professional fee paid to chartered accountant Rs. 50,000
Marks 5
Mr. Muhamad Din earned Rs. 45,000 by selling the woods of spontaneous forest in the local market. In his tax return he treated this income under the head of Agricultral income. According to the IT ordinance 2001, analyze whether the tax treatment is correct or not, justify your answer with reason.
Marks 5
List down the names of Institution whose incomes are exempt from tax under the Part 1 of Second schedule of Income Tax Ordinance 2001 with their respective clauses.
Marks 5
What are the basic features of Sales Tax prevailing in Pakistan?
Marks 3
Mr. Aslam is the owner of the building which is let out to Mr. Basher for Rs. 8,000 per month on 1st July 2011. During the year he contracted with Mr. Basher for the sales of building for Rs. 100,000 and received Rs. 10,000 as token money and agreed to pay the balance amount the at end of the year. Before the date of maturity Mr. Basher breaches the contract and as per terms of agreement token money paid is forfeited by Mr. Aslam.
Calculate the income from property of Mr. Aslam for the year ended 30th June 2012.
Marks 3 Question No.64
On 01/01/2007 Mr. Y Purchased 100,000 shares at a price of Rs. 30 per share. He sold these shares on 20/06/2010 at a price of Rs. 40 per share. Calculate the gain taxable on this disposal.
Marks 3 Question No. 63
What is meant by Zero Rated Supply with examples?

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