(a) Besides the share of income from MAZE, Zain has received the following amounts from his employment with Hasan Pakistan Limited (HPL) during the tax year 2019: (i) A monthly salary of Rs. 200,000. (ii) Reimbursement of Rs. 350,000 for actual cost of medical services for him and his dependents, from an insurance company, under the health insurance policy. On 31 March 2019, he purchased a car from HPL for Rs. 110,800. The market value of this car on 31 March 2019 was Rs. 250,000. Required: Compute the total income, taxable income and tax liability of Zain for the tax year 2019. (Tax rates are given on the last page) (05) (b) Mohsin has been working at the head office of Lewis Consulting, Inc. (LCI) situated in New York, USA. On 1 January 2018, LCI had established its branch office in Pakistan and had sent Mohsin for two years as Country Manager for looking after the Pakistan operations. During the tax year 2019, apart from salary income, Mohsin earned/received the following amounts: On 15 December 2018, he conducted a seminar in USA for a fee of USD 18,000. On his request, the event manager transferred the amount (net of tax) directly to his personal bank account in Islamabad on 10 January 2019. On 31 May 2019, he earned income from his business established in USA and brought 40% of the income to Pakistan. Required: Under the Income Tax Ordinance, 2001: (i) State the residential status of Mohsin for the tax year 2018. (01) (ii) Discuss the taxability of his foreign source incomes for the tax year 2019. (04)

(kindly answer in the context of pakistan and please do it in typed form not on page)

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