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FIN623 Current Finalterm Paper Spring 2014 Shared By Nasir Mehmood

My Today's Paper
M/S ABC Ltd. A Manufacturing Company Has Furnished The Following Accounting Information For Tax Year 2014. Compute Taxable Income And Tax Thereon:
- Gross Income From Normal Business Rs.2, 000,000
- Expenditures On Normal Business Rs. 900,000
- Gross Income From Speculation Business Rs. 700,000
- Expenditures On Speculation Business Rs.400, 000
- Loss Carried Forward On Normal Business Rs. 200,000
- Loss Carried Forward On Speculation Business Rs. 900,000
- Advance Tax Paid Rs. 200,000

Case 1
I Will Be Out Of Pakistan During The Period When Tax Returns Are Due For Filing That Is From 01 July To 31 December. Can I File My Return When I Am Back In January? Give Your Answer In Detail As Per Income Tax Law.
Case 2
I Will Shortly Be Filing My First Tax Return. Would The Tax Authorities Give Me An Acknowledgment For Filing?
Case 3
Who Is Authorized To Sign A Company's Tax Return?
Above Question Were In My Paper Also, And Other Questions Are
What Is "Intangible" And How Calculate Depreciation On Intangibles
Un Explained Investment Under Section 111
Who Is Liable To Pay Capital Value Tax On Capital Value Of Certain Assets?
What Do You Mean By 'Intangibles' And 'Cost Of Intangibles' As Per Defined In
Section 24 And How The Amortization Of Cost Of Intangibles Compute?

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