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View Full Version : FIN623 My today's mid term paper spring 22 May 2011



Vuhelper
05-22-2011, 10:17 PM
Determine total income of Mr. khalid, a resident individual for tax year
2009. Relevant data is given below:
He get salary Rs.400,000.
He get profit on shares from UK Rs. 100,000.
He get remittance from India Rs.360,000. and
he get profit on debt Rs. 650,000. What is his gross total income. (marks : 5)

What is mean by the short-term resident. Identify the tax treatment? (marks : 5)

how differently tax treatment on resident and non resident person? (marks : 3)
Define employment & also mention section? (marks : 3)