Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

(a) Anwar had filed his return of income for the tax year 2013 on 31 August 2013. Discuss the following in the light of provisions

(a) Anwar had filed his return of income for the tax year 2013 on 31 August 2013. Discuss the following in the light of provisions of the Income Tax Ordinance, 2001: (i) By which date the Commissioner of Income Tax could make the first amendment of the assessment, if required. (02) (ii) By which date any further amendment can be made if the first amendment was made on 15 February 2017. (02) (b) On 1 December 2017 Bruce Lee was appointed by a Chinese company as a Technical Director for Pakistan. He has provided you the following details: Arrival in Pakistan 15 December 2017 Joined office in Pakistan 20 December 2017 Visit to Dubai on an official trip 21-30 March 2018 Visit to South Korea for vacations 12-21 April 2018 Visit to northern areas of Pakistan for personal trip 4-9 June 2018 In view of the provisions of the Income tax Ordinance, 2001 and related Rules thereunder, comment on the residential status of Bruce Lee for the tax year 2018. (03) (c) Under the provisions of the Income Tax Rules, 2002 list the records to be kept by a taxpayer in respect of his income from: (03) (i) Salary (ii) Property (iii) capital gain

(kindly solve in the context of pakistan)

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Security Audit And Control Features Oracle E Business Suite

Authors: Deloitte Touche Tohmatsu Research Team And Isaca

3rd Edition

1604201061, 978-1604201062

More Books

Students also viewed these Accounting questions