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Mcqs
Page 01
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1-What is the tax treatment of the salary of an employee
seeart
Wholly Taxable
Partly Taxable
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2-Non-Agricultural income includes which one of the
seeart
following?
Select correct option:
Wholly Taxable
seeart
Wholly Exempt
Partly Exempt
seeart
Resident Company
Resident Individual
Resident AOP
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5-In Income Tax Ordinance 2001 tax concessions meant
seeart
seeart
increases?
Proportional tax
Progressive tax
Corporate tax
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7-Any Pakistan-source income which Pakistan is not
seeart
Wholly Taxable
Wholly Exempt
Partly Exempt
seeart
Accrual Basis
Cash Basis
seeart
Relax
Lighte
n Reli
eve
Fatigue
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10-In the normal circumstances on which of the following
seeart
tax is charged?
Gross Receipt
Total Income
Taxable Income
Gross Income
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Page 02
Question
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seeart
seeart
Simplicity
Convenience
Certainty
Capacity to
Pay
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13-Which part of Income Tax Ordinance 2001 deals with the
seeart
Part IV
Part V
Part VI
Part VII
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14-Agricultural income includes which one of the following?
seeart
income
seeart
Convenience
Judicious
Capacity to Pay
Business friendly
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16-The Chairman of CBR has the responsibility for which of
seeart
seeart
Exclusive definition
Inclusive definition
Statutory definition
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18-Agricultural income does NOT include which one of the
seeart
following?
seeart
2006
2007
2008
2009
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20-Which of the following income is chargeable to tax?
seeart
Page 03
Question
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seeart
Taxes
Deficit Financing
Subsidies
Transfer Payments
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22-The Fiscal year is a period of
chosen for tax purposes.
12
18
months arbitrarily
seeart
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23-expenses incurred in providing common benefits upon
seeart
the residents?
Fee
Taxes
Charges
Penalties
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24-Which part of Income Tax Ordinance 2001 deals with the
seeart
Part IV
Part V
Part VI
Part VII
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25-Taxes are important instrument of which of the following
policy?
Monetary policy
Fiscal policy
Trade Policy
seeart
Economic Policy
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26-Which of the following tax is paid from money you
seeart
Income tax
Inheritance tax
Property tax
Sales tax
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27-The process of clubbing of income results in which of the
seeart
following?
Salaries paid
seeart
Purchases
Office expenditures
seeart
Wholly Taxable
Partly Taxable
seeart
Polic y?
Economic Development
Price stability
Page 04
Question
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seeart
seeart
Cash basis
Accrual basis
seeart
seeart
Taxable Income
Residential Status
Tax Year
Wholly Taxable
Partly Exempt
seeart
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36-In the normal circumstances on which of the following
tax is charged?
Gross Receipt
Total Income
seeart
Taxable Income
Gross Income
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37-Which of the following income is chargeable to tax?
seeart
seeart
seeart
12
18
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Wholly taxable
Wholly exempt
Partly taxable
seeart
of Pakistan?
Resident Individual
Resident Company
Resident AOP
Resident HUF
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Page 05
Question
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seeart
Resident Company
Resident Individual
Resident AOP
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42-In Income Tax Ordinance 2001 tax concessions meant
seeart
seeart
of Individual?
Section 80
Section 81
Section 82
Section 83
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44-Any amount received under Part 3 of Second Schedule,
as flying allowance by pilots etc and junior commissioned
officers or other ranks shall be taxed at the rate of as
separate block.
2.5%
seeart
5.5%
7.5%
9.5%
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45-Mr. Kishan Kumar during his yearly tour in Pakistan
seeart
Resident Individual
Resident Person
Resident HUF
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46-What is the residential status of Federal Government of
seeart
Pakistan?
Resident Person
Resident Company
Resident AOP
Resident HUF
Take MCQ
47-Mr. Joseph is an employee of Foreign Government
posted in Pakistan? What will be the residential status of Mr.
seeart
Joseph?
Resident Individual
Resident HUF
Resident AOP
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48-The age of senior citizen was 65years and now amended
seeart
Section 81
Section 82
Section 83
Section 84
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seeart
seeart
A Public Holiday
Any strike
Page 06
Question
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seeart
Rs. 200,000
Rs. 300,000
Rs. 400,000
Rs. 1,000,000
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52-A firm ABC maintaining its account in accrual basis, at
June 27, 2008 it is entitled to receive Rs. 10,000 but actual
payments made at 01 August 2008. It would be charge to
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2009
2006
2007
2008
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53-Mr. Kishan Kumar during his yearly tour in Pakistan
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Resident Individual
Resident Person
Resident HUF
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54-Which of the following section of Income Tax Ordinance
2001 deals with perquisites of Income from Salary and its
treatment?
Section 11
Section 13
Section 14
Section 12
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55-Tax year for the salaried individuals is called as:
Fiscal Year
Financial Year
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56-The definition of Employment under Sec. 2(22) of the
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Inclusive Definition
Exclusive Definition
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must be satisfied?
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Non-Resident Company
Resident Individual
Resident AOP
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Page 07
Question
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status of Company?
Section 81
Section 82
Section 83
Section 84
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62-Rate charged under presumptive tax regime to non
resident shipping firm 8% on its gross receipt is quite low
as
compare to other business. This is an example of which
type of tax concession?
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Wholly Taxable
Wholly Exempt
Partly Exempt
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following authority?
High Court
Supreme Court
Provincial Government
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65-Suppose a Profit acquired by a cultivator from the sale
of standing crops or the produce after harvesting.
The profit of the cultivator will be treated in which of the
following way?
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Agriculture Income
Capital Gain
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66-If the land situated in Pakistan and used for agriculture
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Nationality of Pakistan
Time period
Human effort
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67-Certain incomes those are excluded from tax are called
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as:
Perquisites
Exemptions
Allowances
Deductions
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68-If the accounting year of Mr. Aslam, a rice exporter is
started from 01 January 2005 and ending on 31st
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December
2005. What will be its tax year?
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Insurance Companies?
Exclusive definition
Inclusive definition
Statutory definition
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Page 08
Question
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following authorities?
Parliament
Supreme Court
High Court
City Court
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72-Under which of the following sections of Income Tax
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Section 206
Section 213
Section 237
Section 238
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73-Which of the following tax is paid in relation to how
much you earn?
Sales Tax
Income Tax
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Inheritance Tax
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Tax holidays
Tax credits
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75-Which of the following canon of taxation suggests that
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Capacity to Pay
Simplicity
Certainty
Convenience
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76-Taxes are important instrument of which one of the
following policy?
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Monetary policy
Fiscal policy
Trade Policy
Economic Policy
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77-What is the relation between the Non-resident and
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Section 110
Section 101
Section 102
Section 50
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80-Mr. Khan resident of Pakistan received salary from UK?
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Page 09
Question
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Wholly taxable
Partly Taxable
Wholly exempt
salary
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82-Which part of income is charged to tax of resident
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A public holiday
Wholly Taxable
Wholly Exempt
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Partly Exempt
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Section 41
Section 43
Section 47
Section 49
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86-What is the tax treatment of the salary of an employee
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Wholly Taxable
Partly Taxable
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agriculture income?
Spontaneous forests
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income.
6
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90-Certain incomes those are excluded from tax are called
as:
Perquisites
Exemptions
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Allowances
Deductions
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Page 10
Question
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Salaried Person
LESCO
WAPDA
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92-Which of the following is the Special Accounting Year of Sugar
Companies?
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93-The _____ year is a period of twelve months arbitrarily chosen
for tax purposes.
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Economic
Fiscal
Economy
Monetary
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94-Which of the following is the example of inclusive definitions?
Business 2(9)
Debt 2(15)
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95-Which one of the following is the Internal aid and help in the
interpretation of law?
Punctuation marks
CBRs circulars
Departmental manuals
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96-Superior judiciary includes which of the following authorities?
City Court
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Supreme Court
High Court
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97-Law making is the prime responsibility of which of the following
authorities?
Parliament
Supreme Court
High Court
City Court
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98-How many Sections are included in the Income Tax Ordinance
2001?
340 sections
440 sections
140 sections
240 sections
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99-Which of the following is the main objective of Fiscal Policy?
Economic Development
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Price stability
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100-Which one of the following is main difference between the tax
and fee?
Imposing authority
Mode of payment
Applied Rates
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Page 11
Question
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Resident Individual
Non-Resident Individual
Resident Person
Resident HUF
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102-Mr. Kishan Kumar during his yearly tour in Pakistan
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Resident Individual
Resident Person
Resident HUF
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103-Mr. X employed in Pakistan remittance from USA
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treatment of this
amount for calculating his gross total income?
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management of a company
under section 2(22) of Income Tax Ordinance, 2001 is
termed as:
Employment
Employer
Employee
Business premises
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106-Mr Ali is an employee of ABC Co. the company has
provided a driver and a
gardener to Mr. Ali. What will be the treatment of their
salaries as per Income
Tax Ordinance 2001?
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Salary Income
Capital Gains
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108-Salary by members of AOP is not treated as Salary
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Question
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Permanent establishment
Venture
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*112-Which part of income is charged to tax of nonresident person under the income
tax ordinance 2001?
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Resident Company
Non-Resident Company
Resident Individual
Resident AOP
Take MCQ
116-Mr. Ali being citizen of Pakistan of 60 years old, if his
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10%
25%
50%
75%
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117-If the land situated in Pakistan and used for
agriculture purposes then which of
the following factor make distinction between agriculture
and non-Agriculture
Income?
Nationality of Pakistan
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Time period
Human effort
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118-Which of the following is NOT an example of deemed
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income?
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Individual
Company
Firm
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Company
Association of Persons
Page 13
Question
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Whenever he decides so
Punctuation marks
CBRs circulars
Departmental manuals
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123-powers to CBR in order to formulate the IT rule 2002?
Section 206
Section 213
Section 237
Section 238
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124-How many Schedules are contained in the Income Tax
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Ordinance 2001?
Three Schedule
Fifth Schedule
Seven Schedules
Nine Schedules
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125-Which of the following is not an employment tax?
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126-_____ is paid to the government on goods and
services and can be reclaimed by
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retailers.
Income Tax
Wealth Tax
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127-Which of the following is the main source of revenue
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Internal Borrowing
External Borrowing
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meanings of Tax?
Burden
Strain
Load
Relieve
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129-Which part of income is charged to tax of non-resident
person under the income tax ordinance 2001?
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Section 81
Section 82
Section 83
Section 84
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Page 14
Question
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Wholly exempt
Wholly taxable
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Section 40
Section 43
Section 47
Section 53
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134-The process of clubbing of income results in which of
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the following?
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Accrual Basis
Cash Basis
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sum receipt?
Pension
Provident fund
Salary
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137-Income Tax is charged on which of the following?
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income?
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income?
Cash Gift
Salary
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Individual
Company
Banking Company
Page 15
Question
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Economic
Fiscal
Economy
Monetary
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142-a directorship or any other office involved in the
management of a company;
a position entitling the holder to a fixed or ascertainable
remuneration; or
the holding or acting in any public office;
In which criteria the above definition falls?
Exclusive definition
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Inclusive definition
Statutory definition
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143-A definition also includes the dictionary meanings of
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Exclusive definition
Inclusive definition
Statutory definition
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Exclusive definition
Inclusive definition
Statutory definition
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145-assessment year means assessment year as defined
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Exclusive definition
Inclusive definition
Statutory definition
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146-Which one of the following is the Internal aid and help
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Punctuation marks
CBRs circulars
Departmental manuals
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147-Law making is the prime responsibility of which of the
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following authorities?
Parliament
Supreme Court
High Court
City Court
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148-In the canons of taxation, which one of the following
statements best describe the benefits principle?
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also called:
Recognized Provident
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Page 16
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Rs. 23,500
Rs. 47,000
Rs. 70,500
Rs. 94,000
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152-A tax payer is required to have a national tax number
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NTN
NIC
CNIC
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Forfeited amount
Penalty
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154-Statutory Provident Fund, governed by the:
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155-Which of the followings are admissible deductions
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Property tax.
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Rs. 254,352
Rs. 211,960
Rs. 181,680
Rs. 151,400
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159-Which of the following income is chargeable to tax?
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Individual
Banking Company
Firm
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Page 17
Question
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Commissioner
Tax Officer
Appellate Tribunal
Supreme Court
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162-A definition that includes the dictionary meanings of
the word is termed as:
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Exclusive definition
Inclusive definition
Statutory definition
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163-Which of the following is the External aid to
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Preamble
Title of a chapter
Non-Obstinate clause
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Proportional tax
Progressive tax
Regressive tax
Corporate tax
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166-Which one of the canon of taxation suggests easiness
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Simplicity
Convenience
Certainty
Capacity to Pay
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167-Which of the following is the main tool of Fiscal Policy?
Taxes
Deficit Financing
Subsidies
Transfer Payments
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168-Which one of the following is main difference between
the tax and fee?
Imposing authority
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Applied Rates
Mode of payment
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169-Among the Canon of taxes, benefit principal suggest
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that:
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Page 18
Question
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individual shall:
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Permanent Establishment
Royalty
Dividend
Tax
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173-Permanent establishment in relation to a person
means a fixed place of business through which the business
of the person is __________ carried on.
Wholly
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Partly
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income?
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Day of departure
Day of arrival
A Public Holiday
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143 Days
153 Days
173 Days
183 Days
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178-_______ are a form of excise levied when a
commodity is sold to its final consumer.
Corporation tax
Property tax
Sales Tax
Excise
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