Punjab University Income Tax Past Papers

Where I can obtain the past B.com Part2 Auditing and Income Tax Law exam question papers of Punjab University ? Does the B.com Part2 Auditing and Income Tax Law exam question papers available on the official site of the Punjab University ?

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As you want here I am giving below Punjab University Income Tax Past Papers on your demand :

Punjab University Income Tax Past Paper
Question # 1

Define and explain the following terms with reference to Income Tax Ordinance 2001.
(a) Approved superannuation fund
(b) Pakistan source income
(c) Public Company
(d) Non-resident person

Question # 2

Discuss the legal provisions regarding the exemption of the following under the second schedule of the Income Tax Ordinance 2001.
(a) Income of Modarba
(b) Exemption under international agreement
(c) Special allowances
(d) Profits and gains from transmission line project

Question # 3

What is meant by Income from Property and discuss its allowable deductions section 15-A of the Income Tax Ordinance 2001.

Question # 4

Explain in detail the provisions of Income Tax Ordinance 2001 in respect of Appeal the Appellate Tribunal.

Question # 5

Discuss the various types of relief and allowances which may be claimed as credits by an individual.

Question # 6

Mr. Muhammad Akram is dealing in wholesale business. During the months August 2015, his purchases and sales as per return are as under:
(1) Taxable turnover to registered persons Rs. 28,00,000
(2) Taxable turnover to wholesalers (Value fixed by the Board Rs. 120,000) Rs. 150,000
(3) Supplies to consumers on installment basis (Open market price (130,000)) Rs. 200,000
(4) Supplies to charitable hospital (Consists of less than 50 beds) Rs. 350,000
(5) Supplies to charitable hospital (Consists of more than 50 beds) Rs. 200,000
(6) Supplies to teaching hospitals of statutory universities (Consists of 200 beds) Rs. 220,000
(7) Supplies to teaching hospitals of statutory universities (Consists of less than 200 beds) Rs. 600,000
(8) Free samples to customers Rs. 180,000
(9) Credit notes issued for taxable supplies Rs. 260,000
(10) Taxable purchases from registered persons (Tax invoices available for Rs. 400,000) Rs. 500,000
(11) Impotted taxed goods Rs. 300,000
(12) Amount paid to Courier Company for delivering free samples to customers (excluding the amount of sales tax) Rs. 50,000

REQUIRED:
Determine the amount of sales tax liability in case National Tax Number is printed on bill.

Question # 7

Discuss in detail the power and function of Commissioner Inland Revenue.

Question # 8

The following data relates to Mr. Mahid Baig for the tax year ended 30th June 2015.
(1) Basic salary Rs. 500,000
(2) Bonus Rs. 100,000
(3) Pay in lieu of leave Rs. 60,000
(4) Special additional allowance Rs. 35,000
(5) Conveyance allowance Rs. 60,000
(6) House rent allowance Rs. 100,000
(7) Donation to Al-Shifa Trust specified in clause 61 of second schedule. Rs. 15,000
(8) Rental income. Rs. 100,000
(9) Property tax and insurance paid Rs. 4,430
(10) Gain on sale of private company shares (Disposed off witilin 12 months) Rs. 34,000
(11) Share of profit from AOP Rs. 14,000
(12) Contribution to approved pension fund Rs. 150,000
(13) Rent of furniture and fitting Rs. 15,000
(14) Income from fruit processing unit setup in Punjab Rs. 30,000
(15) Rent from sublease of land and building Rs. 25,000