Returns and Assessments Chapter- 17State the main particulars that are required to be included in the wealth statement.
Q.NO. 2(c) Autumn 2007 Mr. Rafiq, a salaried individual, whose taxable income for previous year was more
than Rs. 500,000, has not filed the wealth statement. He is of the view that since he has no other source of
income besides salary and his employer has already filed the annual statement, he is not required to file a
wealth statement.
Evaluate Mr. Rafiq’s point of view in the light of Income Tax Ordinance, 2001.
Q.6 (a) Sept 200 7 A resident person is about to leave the country. Briefly explain the following in the light of
Income Tax Ordinance, 2001:
- responsibility of such person in relation to filing of tax return;
- powers of the Commissioner Inland Revenue in such situation;
- rules relating to assessment of income.
Q.NO. 6(a) Autumn 2007 A resident person is about to leave the country. Briefly explain the following in the
light of Income Tax Ordinance, 2001:
− responsibility of such person in relation to filing of tax return;
− powers of the Commissioner Inland Revenue in such situation;
− rules relating to assessment of income.Q.5 (a) March 2006 One of your clients, Mr. Nadir who is the legal representative of his deceased uncle Mr.
Ather, has approached you seeking your views with regard to his legal obligations u/s 87 on the following
matters:
(i) Taxation of income earned by Mr. Ather prior to his death and the extent of tax liability of Mr. Nadir in
respect of such income.
(ii) Legality of the tax assessment proceedings pending against Mr. Ather at the time of his death.Q.NO. 6(b) Autumn 2006 Under what circumstances, an assessment made can be amended or an
amended assessment can be further amended by the CIT?
Q. NQ. 6(c) Autumn 2006 The Income Tax Ordinance, 2 001 empowers the Commissioner Inland Revenue
to select a person for audit of his tax records.
You are required to list down the criteria under which the CIT can select a person for tax audit.
Q.NO. 8(a) Spring 2006 What are the time limits prescribed by the ITO 2001, within which the
Commissioner Inland Revenue is required to pass an order to give effect to the decision of Income Tax
Appellate Tribunal under the following circumstances?
(a) The ITAT has set aside the assessment and order of the ITAT was received by the Commissioner
Inland Revenue on November 30, 2004.
(b) The ITAT has deleted the additions made by the assessing officer and the order of the ITAT was
received by the Commissioner Inland Revenue on December 15, 2004.
Q.NO. 4 Autumn 2005 How will tax be recovered if a private limited company fails to pay tax at the time of
winding up.
Q.NO. 7 Autumn 2005 Under what conditions is it necessary for an individual to file a return of income.
Q.NO. 8 Spring 2005 What is the status of a complete return of income filed under the Income Tax
Ordinance, 2001?
Q.8 March 2004 Describe the requirements of Income Tax Ordinance, 2001 for a person who is about to
discontinue his business
Q.NO. 7(a) Spring 2004 Please discuss the parameters of audit of income tax affairs of any person given
in the Income Tax Ordinance, 2001.
Q.NO. 8 Spring 2004 Describe the requirements of Income Tax Ordinance, 2001for persons who are about
to discontinue his business.
Q.NO. 7 Autumn 2003 Briefly state the time frame for filing the return of income by