Scribd
Upload
39 views

Quiz Sample

The document defines key terms related to asset management, business structures, employment, and residency for tax purposes. It states that an asset management company is licensed by the SECP, a HUF is an AOP, and a modarba involves participation of money and effort. It also notes that public office, directorship, and some company roles are considered employment. Finally, it specifies that a resident person includes individuals, resident companies, resident AOPs, and the Federal Government.

Uploaded by

Jessica Miller
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOC, PDF, TXT or read online on Scribd
39 views

Quiz Sample

The document defines key terms related to asset management, business structures, employment, and residency for tax purposes. It states that an asset management company is licensed by the SECP, a HUF is an AOP, and a modarba involves participation of money and effort. It also notes that public office, directorship, and some company roles are considered employment. Finally, it specifies that a resident person includes individuals, resident companies, resident AOPs, and the Federal Government.

Uploaded by

Jessica Miller
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOC, PDF, TXT or read online on Scribd
You are on page 1/ 2

Name: _______________________________ ID # ________________Program: ________Section: ____Date: _______

No Negative marking but Zero marks for cutting/overwriting

Asset Management Company means a company that has been licensed by SECP to
offer Asset

Management Services.

HUF is an AOP.

Modaraba means a business in which a person participates with his


money and another with his effort or skill or both.

The

holding

or

acting

in

public

office

like

MNA

is

considered

as

an

employment.

Employment

includes a

directorship or any other office involved in the

management of a company.

An

NBFC includes companies licensed by SECP to carry out the business of

discounting services.

Resident person
resident company and

includes resident individual,

Federal Government.

Government of Sind shall always be considered a resident

resident AOP,

Management
Asset
Business
Directorship
Employment
HUF
Modarba
Person
Public
SECP

taxpayer.

Tax Payer
SECP
Residential Person
Resident AOP
NBFC
AOP
Management
Federal Government
Discounting
Employment

You might also like