Thursday, 7 July 2011

Re: ::: vuaskari.com ::: fin623 quiz comment plz

aoa. please any one send me the idea solution of IT430 GDB. Because I have no idea about IT430.
 
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On Thu, Jul 7, 2011 at 10:05 AM, KAMRAN HAIDER <alliswell.kamran@gmail.com> wrote:

Question # 13 of 15 ( Start time: 07:28:37 PM ) Total Marks: 1

Which of the following section of Income Tax Ordinance 2001 deals with perquisites of

Income from Salary and its treatment?

Select correct option:

Section 11

Section 12

Section 13 (my answer)

Section 14

(Handout page 37)

Sub Sec. (13) where, in a tax year an employer has provided an employee with a perquisites which is not covered by sub section (3) through (12), the amount chargeable to tax to the employee under the head "salary" for that year shall include the fair market value of the perquisites except where the rules, if any, provide otherwise, determined at the time it is provided, as reduced by any payment made by the employee for the perquisites.



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