Re: || VU Expert 2009 || Mistakes of LAIBA in the solution file...(FIN623)

Invisible: I disagree with you to pinpoint mistakes by someone's name. It is very easy find out mistakes rather than to take steps to initiate something.

 

Laiba took initiative and made a first effort, So Must be appreciated. and i do.

 

On Tue, Jun 14, 2011 at 12:20 PM, smiling engineer <mc090409984@vu.edu.pk> wrote:

She (laiba) already said that she is not liable to this solution.You should edit/analyse before sending .So no use of worrying now , jub " chug gaeen khait"

On Sat, Jun 11, 2011 at 9:30 PM, Zafar Ali <zafar3a@gmail.com> wrote:

PLZZZ MUJY BTAEIN K YE WAQAE MEIN MISTAKES KI LAIBA G NY IS ASSIGNMENT MEIN?????? JALDIIIIIIIIII M WORRY ABOUT IT........................

On Thu, Jun 9, 2011 at 2:25 AM, Invi$ible <mc090406442@vu.edu.pk> wrote:

Mistakes of Laiba in the solution file...

1: she has calculated salary income and perquisites for 12 months rather it should be calculated for six months.

2: she did not take into account interest free loan (200000x12%) while calculating taxable income.

3: she did not provide proper justification of reimbursement of medical expenditures. Reimbursement of medical expenditures is only exempt if the reimbursement is made according to the terms of the employment. So in this way we should mention assumption that reimbursement is according to terms of employment (which she did not mention).

4: she did not calculate tax liability as per marginal relief.... as a result the comparison of slab rates and marginal relief is not mentioned....

5: Since the car is totally for his personal use, and he was also allowed to retain car even after his termination therefore the whole FMV will be taxable for Mr.Nasir.

10% of FMV shall not be considered

 

M i right LAIBA BUTT??????? 

 

Regards:

Invi$ible

MBA 4th semester

(Finance Group)

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:)

with best regards,

 

fawad

(cooolstar)

MBA - Marketing - 4th semester- Lahore

 

 

.

 

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