Mr. Rafiq has salary income or Rs. 80,000 per month (gross) he also has invested in business where he got annual profit of Rs. 350,000 A) Identify Mr. Rafiq as Salaried Individual or Non Salaried Individual Mr. Rafiq is _______________ Individual B) Give reason to support your answer in part A

Mr. Rafiq has salary income or Rs. 80,000 per month (gross) he also has invested in business where he got annual profit of Rs. 350,000 A) Identify Mr. Rafiq as Salaried Individual or Non Salaried Individual Mr. Rafiq is _______________ Individual B) Give reason to support your answer in part A

SWFT Comprehensive Vol 2020

43rd Edition

ISBN:9780357391723

Author:Maloney

Publisher:Maloney

Chapter9: Deduct Ions: Employee And Self-employed - Related Expenses

Section: Chapter Questions

Problem 21CE

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Mr. Rafiq has salary income or Rs. 80,000 per month (gross) he also has invested in business where he got annual profit of Rs. 350,000

A) Identify Mr. Rafiq as Salaried Individual or Non Salaried Individual

Mr. Rafiq is _______________ Individual

B) Give reason to support your answer in part A

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