DATE: 08-06-2026 DAY: THURSDAY PAPER: FIN-623 TIME: 10:30 AM CITY: KARACHI CAMPUS: SHAHRAH-E-FAISAL MCQS are all very easy and conceptual from handouts. SHORT QUESTIONS: 1- Compute the basic salary of a person and his medical allowance from the given data. 2- Identify the type of definition (Inclusive/Exclusive) from the 3 given definitions (1 Mark each). LONG QUESTIONS: 1- Identify the type of definition (Inclusive/Exclusive/Both) from the 5 given definitions (1 Mark each). 2- Identify the residential status of XYZ CO. With elaboration and also mention its Section. Overall paer was very easy If you just read handouts properly and clear the concepts from it. Memorize the basic sections of Tax of ITO 2001. REGARDS ABDUL REHMAN BS-COMMERCE (7TH SEMESTER)