问答题

问答题 (a) Briefly state with reasons: (i) whether or not PQR (Pakistan) Ltd is a public company for tax purposes; and (2 marks) (ii) whether you consider PQR (Pakistan) Ltd to be a resident company or a non-resident company. (1 mark)

问答题 (b) Compute the taxable income of PQR (Pakistan) Ltd for the relevant tax year under the appropriate heads of income, giving clear reasons/explanations for the inclusion in or exclusion from the computation of taxable income of each of the items listed above. Note: the reasons/explanations for the items not listed in the computation of taxable income should be shown separately. Specific marks are allocated for this part of the requirement. (23 marks)

问答题 (c) Calculate the tax payable by/refundable to PQR (Pakistan) Ltd for the relevant tax year. (4 marks)