问答题

问答题 (a) Briefly state, with reasons, whether or not Wheels Pakistan Limited (WPL) is a public company for tax purposes. (2 marks)

问答题 (b) Compute the taxable income of WPL for the relevant tax year under the appropriate heads of income. Your answer should give clear reasons/explanations for the inclusion or exclusion in the computation of taxable income of each of the items listed above. 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. (24 marks)

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