Question
This is 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
This is 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(he cannot be both business and salaried 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 Choose 2 options from these options and also give the required calculations and reason of choosing those 2 options.
and don't copy paste please country is PAKISTAN
the currency is pakistani rupees.
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