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Re: ::: vuaskari.com ::: FIN 623 APPOSITE QUIZ -REMEMBER

Question No: 24 ( Marks: 1 ) - Please choose one
Mr. Ali resident of Pakistan received salary form UK? What will be the tax treatment of
his salary in Pakistan?
► Wholly taxable
► Partly Taxable
► Wholly exempt
► Wholly exempt only if resident paid foreign tax on his salary

INCOME TAX ORDINANCE 2010
PART II
TAXATION OF FOREIGN-SOURCE INCOME OF RESIDENTS
102. Foreign source salary of resident individuals. — (1) Any foreignsource
salary received by a resident individual shall be exempt from tax if the
individual has paid foreign income tax in respect of the salary.


On Sun, May 15, 2011 at 6:33 AM, mc090400185 Sheikh Javaid Ijaz <mc090400185@vu.edu.pk> wrote:
Question No: 19 ( Marks: 1 ) - Please choose one
For a resident AOP which of the following condition must be satisfied?
► Control and management of affairs of AOP is situated partly in Pakistan
► Control and management of affairs of AOP is situated wholly in Pakistan
► Control and management of affairs of AOP is situated wholly or partly in
Pakistan
► None of the given options


Question No: 18 ( Marks: 1 ) - Please choose one
For a non-resident AOP which of the following condition must be satisfied?
. Control and management of affairs of AOP is situated partly in Pakistan
. Control and management of affairs of AOP is situated wholly in Pakistan
. Control and management of affairs of AOP is situated wholly or partly in
Pakistan
. None of the given options

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