Fin623 Current Spring 2012 Final Term VU Paper [July 2012] Virtual University of Pakistan

Mcqz were mostly new and mostly were calculations.

MY SUBJECTIVE

1. Zera Rated Supplies with Example? 3

2. Was a Simple numerical salary was given house rent and conveyance allowance were given had to compute taxable income. 3

3. Define with sections
Salary
Employer
Employee

4. In which cinditions Commissioner of Income tax can send notice to file return? 5

5. What is BOP? when it is positive and when data copied from vu solutions dot com negative? how it can be improved? 5

6. What is Pensio? what is the treatment of Pension as per IT ordinance 2001? 5

7. Was a numerical for computing income of M/s Sons n Company. values i dont remember in a proper way.!!! 5

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