::: vuaskari.com ::: My today paper of FIN 623 14-05-11

OBJECTIVE FROM THE PAST PAPERS
SUBJECTIVE PORTION is also from the past papers
29.Question No: 30 ( Marks: 3 )
Under which conditions any royalty is treated as Pakistan source income if it
is paid by: (3)
i. Resident person
ii. Non-resident person
30.Is award to a person by the president of Pakistan taxable? also write the section of those awards (3)
31.Explain Aid agreement w.r.t salary income (5)
32.Determine total income of Mr. Sharif, a non-resident individual for tax year
2009. Relevant data is given below: (5)
i. Share of profit received in Singapore from a business controlled
through a permanent establishment in Pakistan Rs 200,000.
ii. Salary income of Mr. Sharif from an employment in Pakistan
Rs600,000
iii. Remittance received from China Rs 400,000
iv. Profit on debt received on deposits kept with a bank in Pakistan Rs
50,000

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b!L@L z@f@r bh@TTi

MBA (F!NANCE)

4th $emester

The World is full of Violence..It's Not due to bad people..It's due to Silence of Go0d People...!! (Napole0n)

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