Make a comparison between the residential status of Resident-02027
This subjective question is related to the book/course
vu mgt502 Organizational Behaviour.
It can also be found in
vu mgt502 Mid Term Solved Past Paper No. 3.
Question 1: Make a comparison between the residential status of Resident AOP and Resident Company.
Answer:
Resident Association of Persons - Sec. 84
An association of persons shall be a resident association of persons for a tax year if the control and management of the affairs of the association is situated wholly or partly in Pakistan at any time in the year.
Resident Company - Sec. 83
A company shall be resident company for a tax year if:- It is incorporated or formed by or under any law in force in Pakistan;
- The control and management of the affairs of the company is situated wholly in Pakistan at any time in the year;
- -or- It is a Provincial Government or local authority in Pakistan.
