SPECIAL MCQS-4
- Date December 17, 2021
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Question 1 of 32
1. Question
Deductions in computing income chargeable under the head “Income from Property” can only be allowed to:
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Question 2 of 32
2. Question
According to section 15, where any amount is included in rent received or receivable by any person for the provision of amenities, utilities or any other service connected with the renting of the building, such amount shall be chargeable to tax under the head:
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Question 3 of 32
3. Question
As per section 15 of the ITO 2001, where the rent received or receivable by a person is less than the fair market rent for the property, the person shall be treated as having derived the rent for the period the property is let on rent in the tax year:
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Question 4 of 32
4. Question
If a person derives any rent in respect of the lease of a building together with plant and machinery, such rent shall be chargeable to tax under the head Income from:
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Question 5 of 32
5. Question
Rent chargeable to tax includes:
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Question 6 of 32
6. Question
Unadjusted advance rent is included in rented value of property upto
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Question 7 of 32
7. Question
Rented income derived from property held under trust is
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Question 8 of 32
8. Question
Co-owners of the property:
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Question 9 of 32
9. Question
Rate of Tax for Public Company for the tax year 2021 is:
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Question 10 of 32
10. Question
Section of ITO 2001 deals with Income from Business:
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Question 11 of 32
11. Question
Rent is any amount received by the owner of land as consideration for:
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Question 12 of 32
12. Question
Rent is any amount received by the owner of land as consideration for:
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Question 13 of 32
13. Question
Rent is any amount received by the owner of land as consideration for:
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Question 14 of 32
14. Question
Any forfeited deposit paid under a contract for the sale of land or a building shall be taxable under the head:
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Question 15 of 32
15. Question
If an amount of Rs.100,000/- is included in rent received Rs.300,000/-by any person for the provision of utilities such amount of Rs.100,000/- shall be chargeable to tax under the head
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Question 16 of 32
16. Question
If an amount of Rs.70,000/- is included in rent received Rs.530,000/-by any person for the provision of service connected with the renting of the building such amount of Rs.70,000/- shall be chargeable to tax under the head:
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Question 17 of 32
17. Question
If the rent of Rs.390,000/- receivable by a person is less’ than the fair market rent of Rs.600,000/- for the property, the person shall be treated as having derived the fair market rent Rs . for the period the property is let on rent in the tax year:
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Question 18 of 32
18. Question
While calculating the deduction allowed for Property Income, in respect of repairs. to a building, an allowance equal to of the rent chargeable to tax in respect of the building for the year, computed before any deduction allowed under section 15A:
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Question 19 of 32
19. Question
If a company has paid any premium in the year to insure the building against the risk of damage or destruction it shall.
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Question 20 of 32
20. Question
If an ABC company pays a local tax to Provincial Excise Department in respect of the property in the year, it shall
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Question 21 of 32
21. Question
If a company pays tax under the Income Tax Ordinance, 2001 on rental income derived by it, then it shall
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Question 22 of 32
22. Question
A rent amounting Rs.5,600,000 is paid by a company to KPK Govt. It would be
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Question 23 of 32
23. Question
If a company has paid any ground rent in the year in respect of the property it shall
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Question 24 of 32
24. Question
If a company borrows any money for the construction of a building and it earns profit on the said borrowed money then it shall
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Question 25 of 32
25. Question
If a company borrows any money for the renovation of a building and pays profit on the said borrowed money then it shall:
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Question 26 of 32
26. Question
If a company borrows any money for the re-construction of a building and it earns profit on, the said borrowed money then it shall:
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Question 27 of 32
27. Question
If property is subject to mortgage or other capital charge, the amount of profit or interest paid on such mortgage or charge shall
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Question 28 of 32
28. Question
Any rent received by any person in respect of the lease of a building together with plant and machinery, such rent shall be chargeable to tax under the head Income from:
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Question 29 of 32
29. Question
The rent received or receivable by a person for a tax year. other than rent exempt from tax under this Ordinance, shall be chargeable to tax in that year under the head:
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Question 30 of 32
30. Question
While Calculating Income from Property collection charges are allowed:
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Question 31 of 32
31. Question
Any rent received or receivable by a person in respect of land as ground rent shall be chargeable to tax under the head:
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Question 32 of 32
32. Question
Any rent received or recoverable by sub-letting a building by a tenant shall be chargeable to tax under the head:
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