QUESTION 5

l Ahmed. who was admitted in a hospital. was required to undergo a surgery. Before his operation. he agreed to sell his house which was already listed for sale. to his doctor for Rs. 9.7 million.The market price of the house was Rs. 10 million. After successful operation Ahmed rescinded the agreement alleging \"Undue Inuence" by the doctor. a. Can he succeed? b. Give reason to support yom 3115ch in part 3. Write correct reason selecting from below given reasons The contract is not valid because it has been attained through illegal ways The contract is valid as proper acceptance and consideration is there The contract is not binding due to counter offer or cross proposal The difference in price and agreed value is immaterial only 0.3 million. Ahmed has signed due to undue inuence of doctor patient relationship. He fear of death Ahmed has signed because of coercion and his consent is not free Ahmed has signed due to fraud and his consent is not free Ahmed has an unsound mind so can not enter into valid contract. Listed below are technical tax terms Normal Tax Year Resident Deductible Allowance NonResident Special Tax Year Total Income Salaried Individual Worldwide Income Business Individual Pakistan Source of Income Taxable Income Ad mitted Income Tax Fill below Blanks from above tax terms. You can use some term twice and leave anyr term Found irrelevant. [Note: Be careful in spellings while typing in provided boxes] A. means Total lnoome reduced by donations qualifying straight for deductions and certain deductible allowances B. Is a period of twelve months ending on 30th day of June. (3. Irrespective of its Nationality, anyindividual person having physical stay in Pakistan for more than 119 days is call Individuals D. A person having more than 75% of his inoome from salary will be term as E. = Zakat + Workers\" Welfare Fund + Workers\" Prot Participation Fund + Prot on debt on housing loans + Tuition Fee + Charitable Donations F. If a Foreign Nationals be classied as resident individual, hisfher will be taxed subject to tax treaties