vu mgt502 Mid Term Subjective Solved Past Paper No.3
vu mgt502 Organizational Behaviour Solved Past Papers
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Yes non-resident person charged only on Pakistan Source Income. Sec.11 (6)
Business income of a non- resident person shall be Pakistan- source income to the extent to which it is directly or indirectly attributable to-
- A permanent establishment of the non-resident person in Pakistan;
- Sales in Pakistan of goods or merchandise of the same or similar kind as those sold by the person through a permanent establishment in Pakistan.
- Other business activities carried on in Pakistan of the same or similar kind as those effected by the non-resident through a permanent establishment in Pakistan (or)
- Any business connection in Pakistan.
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.
Foreign-Source Salary Income [102]
Mr. Irfan's salary from UK would be exempted from tax, because he has paid tax on his salary from UK. Under Foreign-Source Salary Income [section102] foreign source salary income of a resident individual will be exempt from tax, if he has paid foreign income tax in respect of such income. Payment of foreign tax means that the employer has deducted the tax at source and deposited the same to the revenue authorities of the country in which employment was exercised.
Foreign Source Salary of Resident Individuals Sec. 102
- (1) Any foreign-source salary received by a resident individual shall be exempt from tax if the individual has paid foreign income tax in respect of the salary.
- (2) A resident individual shall be treated as having paid foreign income tax in respect of foreign-source salary if tax has been withheld from the salary by the individual's employer and paid to the revenue authority of the foreign country in which the employment was exercised.
