Re: ::: vuaskari.com ::: Helpppppp---------FIN623

The age of senior citizen was 65years and now amended to 60years which of the following finance act substituted 65 to 60years?
Finance Act 2005
Finance Act 2006
Finance Act 2007
Finance Act 2008

 

Reference: clause (1A) of part 3 of 2nd schedule of Income tax ordinance 2011

 

Mr. Kishan Kumar during his yearly tour in Pakistanspends 156 working days, 26 off-working days and 1 Public Holiday in a tax year2009-2010? Which of the following is his residential status?

Resident Individual
Non Resident Individual
Resident Person
Resident HUF

 

 

Reference: Sec 82 of Income tax ordinance 2011

82. Resident individual.

— An individual shall be a resident individual for a tax year if the individual —
(a) is present in Pakistan for a period of, or periods amounting in aggregate to, one hundred and eighty-three days or more in the tax year;

 

 

--

Chauhdary Muhammad Fawad Ahmed

MBA 4th semester

Lahore
Virtual University of Pakistan

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