Income Tax Definitions

Assessment includes:

Assessment Year means:

Association of Person (AoP) means:

Who heads a field formation?

Chief Commissioner is appointed u/s _____ of the Income Tax Ordinance 2001.

Company includes:

A co-operative society, a finance society or any other society is a _____ under Income Tax Ordinance 2001:

A non-profit organization is a _______ under the Income Tax Ordinance 2001.

A trust, an entity or a body of person established or constituted by or under any law for the time in force is a _____ under the Income Tax Ordinance 2001.

A provincial government is ________ under the Income Tax Ordinance 2001.

A Local Government in Pakistan is _______ under the Income Tax Ordinance 2001.

A firm means the relation between persons:

Consumer goods are goods _________

Deductible Allowance is an allowance deducted from _______

Depreciable asset means any tangible moveable property, immoveable property or structural improvement to immoveable property, owned by a person that:

Dividend includes

Employee means:

Foreign source income is:

Greenfield industrial undertaking means ________, if approved by the Commissioner.

Income for the purpose Income Tax Ordinance 2001, includes:

An industrial Undertaking is an undertaking which is set up in Pakistan and which employs:

An industrial undertaking must engage in ______.

Intangible includes:

KIBOR meaning:

IRIS means _________

Non-Profit Organization means any person other than individual, which is-

A person shall be resident person for a tax year if the person is ________

A person shall be non-resident for a tax year if the person __________

An individual shall be resident individual for a tax year if the individual ______

Principle Officer includes:

Private company means a company that _____

Public Company means:

Rent means _______

Small company means a company registers on ore after the 1^st July 2005 under the Companies Ordinance which:

Special Judge is a judge appointed under section ______ of the Income Tax Ordinance 2001.

Stock in trade means anything ________

Taxpayer means any person _____

Tax year is defined in section _____ of the Income Tax Ordinance 2001.

Tax year is a period of 12 months ending on _____

Normal Tax Year starts on _____

Special Tax Year is a period of twelve months as allowed under sub-section 3 of section _____ of ITO 2001.

Who can authorize a taxpayer to use special tax year?

Turnover means:

Under section 83, a company shall be a resident company if:

Under Section 84, An AOP shall be resident if:

Permanent establishment in relation to person means _____

Pre-commencement expenditure means any:

Prescribed means:

Schedule means a schedule to the ITO 2001 and there are ____ schedules.

There are _____ Chapters in the ITO 2001

There are ____ heads of Income under ITO 2001