SPECIAL MCQS 2

As per Section 11(6), the income of a non-resident. person under a head of income shall be computed by taking into account only amounts that are

As per Section 37 of the Income Tax Ordinance, 2001, a gain arising on the disposal of a capital asset by a person in a tax year, other than a gain that is exempt from tax under this Ordinance, shall be chargeable to tax in that year under the head:

As per Section 39, Income of every kind received by a person in a tax year, if it is not included in any other head, other than income exempt from tax under this Ordinance, shall be chargeable to tax in that year under the head:

As per Section 41 of the Income Tax Ordinance, 2001, Agriculture Income is from tax.

As per Section 49, the Income of Federal, Provincial or a Local Government shall be:

As per Section 49(4) the income of a regulatory authority shall be:

As per section 47, the scholarship paid to a person with a certain condition shall be:

As per Section 60 i.e. Zakat, 60A i.e. Workers’ Welfare Fund and 60B i.e. Workers’ Participation Fund are all:

As per Section 61, a person shall NOT be entitled to a tax credit in respect of any sum paid, or any property given by the person in the tax year as a donation to:

Section 62 of the Income Tax Ordinance, 2001 deals with tax credit for:

As per Section 68, fair market value at a particular time is related to:

1. Normal Tax Year as per Section 74 is defined a period of twelve months ending on the 30th day of:

As per Section 80, following is not a person:

A resident Individual person must be present in the country for a period of:

According to Section 109 Re-characterization of income and deductions, the may re-characterize an Income or a Deduction:

According to Section 111, suppression of Sales by any person falls in the category of

According to section 111(4) Sub-section (1) of Section 111 does not apply to any amount of foreign exchange remitted from outside Pakistan through normal banking channels that is into rupees by a scheduled bank and a certificate from such bank is produced to that effect:

Section 111 is also applicable on unexplained:

The threshold of turnover as per section 113 for any person such as AOP, Individual or Company is:

According to section 113, Minimum Tax is applicable on the following except:

According to Section 113, the meaning of turnover can also be taken as:

According to Section 113, the minimum tax so collected is:

According to Section 113, Minimum tax can be a period of 5 years:

As per Section 113C, Alternate Corporate tax will be applicable for any one of the following tax year:

According to Section 114, a person who is holder of is required to file a Return of Income:

According to Section 114, a person who owns a car having an engine capacity above cc is required to file a Return of Income:

According to Section 114, a person who has a carried forward is required to file a Return of Income:

As per Section 114, a person is required to file a Return of Income if he has Electricity connection which’s bill exceeds Rs.500,000:

According to Section 114, Return for an incomplete year less than twelve months can be requested from any one of the following only:

According to Section 114, a person is required to file his return of income he is registered with: