This is a TAXATION QUESTION

Q.1)Mr. Mushtaq has salaried income of Rs. 80,000 per month (gross), he also has invested in business where he got annual profit of Rs. 250,000.

a) Identify Mr. Mushtaq as Salaried Individual or Business Individual

b) Justify Reason of a)

a)Mr. Mushtaq is Salaried Individual

b)Mr. Mushtaq is Business Individual

c)His Salary income is less than 75% of his total Income

d)His Salary income is more than 75% of his Total Income

e)His Salary is more than 90% of Total Income

You have to choose 2 correct answers from the options.

Country is PAKISTAN