country pakistan

Q1: Noorani Merchant and Co., is a tax consultancy firm. It has a list of clients who seek advices in respect of various tax matters. (6) Required: Assume that you have been working as a Tax Advisor of Noorani Merchant and Co., and is given a task to determine the residential status of the following clients for the tax year ended June 30, 2014 under the given three scenarios. Also substantiate your answer with reasons in the light of the provision of the Income Tax Ordinance, 2001 and the Income Tax Rules, 2002: (i) Mr. Fahim resides in London and works as Chief Accountant in a British Company. Assume that he has come to Pakistan for the first time on a special assignment from his company on March 1, 2014 and left Pakistan on October 31, 2014. 02 (ii) Mr. Saleem is a Federal Government employee. Assume that he is posted to the United Arab Emirates for taking special training on Petroleum Exploration Project from July 1, 2013 to June 30, 2014. (iii) Ms. Saima has got a job in St. Micheal Pharma, a reputable company of United State of America (USA). She went to USA on December 28, 2013 to assume her responsibilities as a Managing Director of the company. Assume that in April, 2014 her company sent her to China on training. On May 31st 2014 on her way back to USA she stayed in Karachi for three days due to cancellation of flights. (b) Differentiate the followings as per the provisions of income tax ordinance, 2001. i. Registered and non-registered individual ii. Filler & non-filler individual iii. Resident and non-resident individual iv. Taxable income and Total income v. Resident company and resident association of persons