Q6: Short Questions (5 marks) a. Determine the tax year for the period 1.09.2019 to 31.08.2020 b. Explain the residential status for tax year 2021: Mr. Raza is working as Director Operations in the Ministry of Tourism. On 15 July 2020 he was posted to Pakistan Embassy in Italy for two years. c. XYZ purchased a second hand car from M/s ABC Ltd, an associated company. The cost of that car is Rs.500,000 in the books of ABC Ltd whereas written down value of the said car is Rs.350,000. One of the car dealers told the company that the value of the said car in the market is Rs. 250,000. What is the value of the car as per the Income Tax Ordinance, 2001? d. What is benchmark rate for tax purposes in case of interest free loan to employees? e. Calculate the amount which will be treated as rent chargeable to tax under the head Income from Property for the tax year 2021 if 0n August 2020 Mr. Islam received Rs. 345,000 as rent for leasing out factory, land, building and machinery