TAX CREDITS
- Date December 16, 2021
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Question 1 of 30
1. Question
A person shall be entitled to take credit to a tax credit in respect of any sum paid or any property given by a person in donation to
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Question 2 of 30
2. Question
Charitable donations are entitled to tax credit under section
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Question 3 of 30
3. Question
For individuals’ maximum amount admissible for computation of tax credit under section 61
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Question 4 of 30
4. Question
For a person being a company maximum amount admissible for computation of tax credit under section 61
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Question 5 of 30
5. Question
Any sum paid or property is given to an associate by a donor if recipient is individual or AOP maximum amount admissible for computation of tax credit
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Question 6 of 30
6. Question
Any sum paid or property is given to an associate by a donor if recipient is a company maximum amount admissible for computation of tax credit
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Question 7 of 30
7. Question
Investment in shares and insurance is admissible for tax credit under section
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Question 8 of 30
8. Question
Tax credit under section 62 is admissible where.
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Question 9 of 30
9. Question
Tax credit for investment in life insurance under section 62 is admissible for an individual earning income chargeable to tax under the head(s)
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Question 10 of 30
10. Question
Maximum amount admissible for computation of tax credit for investment in shares and insurance under section 62 shall be
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Question 11 of 30
11. Question
Tax credit is computed on pro rata basis considering (A/b)*C where A is the tax assessed, b is taxable income for the year and C is
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Question 12 of 30
12. Question
As per section 62 a resident person other than a company is entitled to a tax credit for investment in health insurance and maximum amount for computation of tax credit shall be
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Question 13 of 30
13. Question
As per section 63 Contribution to approved pension fund is
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Question 14 of 30
14. Question
For a person below 40 years of age maximum permissible limit of contribution for computation of tax credit for contribution to an approved pension fund is
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Question 15 of 30
15. Question
10% Tax credit for ten years has been granted on employment generation by manufacturer as per section 64B where:
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Question 16 of 30
16. Question
As per section 65B tax credit equals to five percent has been provided to companies for investment in
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Question 17 of 30
17. Question
Provision of section 65B tax credit for investment snail apply if the plant and machinery is purchased and instead at any time between
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Question 18 of 30
18. Question
As per section 65C if a company opts for enlistment in Pakistan stock exchange on or before 30th June 2022 it shall be granted tax credit:
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Question 19 of 30
19. Question
Tax credit for newly established undertaking is provided under section
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Question 20 of 30
20. Question
Tax credit under section 65D shall be admissible to the person(s)
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Question 21 of 30
21. Question
As per section 65D Tax credit is admissible for industrial undertaking setup between:
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Question 22 of 30
22. Question
As per section 65D Tax credit is admissible for industrial undertaking set up with al least
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Question 23 of 30
23. Question
As per section 65D Tax credit is admissible for new industrial undertaking for
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Question 24 of 30
24. Question
As per section 65D Tax credit is admissible for new industrial undertaking for
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Question 25 of 30
25. Question
As per section 6fo5rD Tax industrial undertaking admissible undertaking set up with
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Question 26 of 30
26. Question
For tax credit for investment new equity means
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Question 27 of 30
27. Question
Tax credit for investment in newly established undertaking is admissible against
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Question 28 of 30
28. Question
Tax credit for industrial undertaking established between before 1″ July 2011 and 30′ June 2021 is provided in section
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Question 29 of 30
29. Question
Tax credit for industrial undertaking established before 1′ July 2011, provided in section 65E is for
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Question 30 of 30
30. Question
Tax credit for industrial under-taking established before 1st July 2011, provided in section 65E is for a period of:
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