Blog: Fin623 Current Spring 2011 Final Term VU Paper [July 2011] Virtual University of Pakistan

Fin623 Current Spring 2011 Final Term VU Paper [July 2011] Virtual University of Pakistan

Que 57. What is meant by depreciable assets (Marks 3)

58. What is meant by Zero Rated Supply and give an Exsample ?? (Marks3)

59. Tax Treatment by Gratuity approved by following Authorities ? (Marks3)

1. Comminsioner of Income Tax

2. Central Board Of Revenue

60. Describe the Legal Status under section (80) of the following :

1. Federal Government Of Pakistan

2. Mr.Shakeel Serving as a director

3. Joint family of Mr. Hari Prasad ,his Son Mr.Johan and Mr. Vijay

61. Describe the Characteristics of Salaries ?? (Marks 5)

62. Tax Treatment of Gratuity not Covered under clause (13) ?? (Marks 5)

63 and 64 ques were numerical.