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Monday 23 May 2011

::: vuaskari.com ::: book worm's fin623 mid

Aoa  everyone. I attempted by fin623 mid today. All mcq were from past pprs, except 3 mcq Subjective portion was as follows:-

Q1.what is treatment of salary of foreign govt officials under section 43 of IT Ordinance 2001. 3marks

Q2. Under which conditions any royalty is treated as Pakistan source income if it
is paid by: 3marks
i. Resident person
ii. Non-resident person

Q3. Under which circumstances business income of a non-resident person shall be considered as Pakistan-source income? Marks 5

Q4. List characteristics of salary. Marks 5

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