Returns and Assessments Chapter- 17
CA CAF- 6 PAST PAPERS THEORECTICAL QUESTIONS
Q.NO 4 (a) Spring 2022
Briefly explain the term ‘Sectoral benchmark ratios’. Also, explain the circumstances in which a Commissioner
shall determine taxable income on the basis of sectoral benchmark ratios.
Q.NO 4 (b)(i) Spring 2022
Riaasat Limited (RL) is a manufacturing company. With effect from 1 July 2022, RL is considering to change its
tax year from the normal to the special tax year ending on 31 December.
Required:
Identify the due/last date of filing of RL’s tax return in respect of the following:
(i) Filing of tax return for the year ended 30 June 2022.
(ii) Filing of tax return for the transitional period.
(iii) Filing of first tax return for the special tax year.
Q.NO 4 (b)(ii) Spring 2022
Assume that RL has changed its tax year from normal to special and filed its tax returns for relevant tax years,
as discussed in (b)(i) above.
Required:
Identify the due/last date of amendment of assessment related to:
(i) normal tax year for the year ended 30 June 2022.
(ii) first special tax year.
Q.NO 1 (c) Spring 2022
Identify the additional statement that Basit needs to file in respect of his foreign source income. Also briefly
discuss the particulars to be mentioned in the additional statement.
Q.NO 3 Spring 2020 Under the provisions of the Income Tax Ordinance, 2001 and Rules made there under, discuss:
a) who is required to file the foreign income and assets statement? Also state the particulars to be included in
such statement.
b) the concept of ‘Concealed asset’ and state the powers of the Commissioner relating to concealed asset of any
person when it is impounded by the Federal Government.Q. NO. 4 (c) Spring 2019
Abid is the legal representative of his grandfather since his death on 10 July 20X7 and manages his estate
worth Rs. 28 million. On 22 January 20X9, he received a notice from the Income Tax Department requiring
him to make payment of Rs. 0.8 million against his grandfather’s income for the tax year 20X7. The notice
also required him to submit details of his grandfather’s income for the tax year 20X8.
Required:
Advise Abid about his obligations relating to the tax assessment proceedings pending/arising against his
grandfather.
Q. NO. 3 (a) Spring 2019
Imran, a resident person, is filing the return of his business income for the first time. He has been
informed by his friend that he will also be required to file a wealth statement. In this respect, he
seeks your advice about the particulars which he should disclose in his wealth statement.
Q. NO. 4 (a) AUTUMN 2018
On 25 August 20X8, the Officer of Inland Revenue has issued a notice to Rahat Foods (Private)
Limited (RFPL) to deposit withholding income tax of Rs. 1,950,000 in respect of loan amounting