问答题

问答题 (a) State, giving reasons, whether or not Woodcrafts Pakistan Limited is a public company for tax purposes. (2 marks)

问答题 (b) Compute the taxable income of Woodcrafts Pakistan Limited for the tax year 2008 under the appropriate heads of income, giving clear reasons/explanations for the inclusion or exclusion in the computation of taxable income of each of the items listed. Note: the reasons/explanations for the items not listed in the computation of taxable income should be shown separately from the other reasons/explanations. (25 marks)

问答题 (c) Calculate the tax payable by or refundable to Woodcrafts Pakistan Limited for the tax year 2008. (3 marks)