Showing posts with the label Inspector Inland Revenue Important MCQs MixShow All

Where taxable income does not exceed Rs. 600,000 - Budget 2022-23

6/12/2022 11:29:00 pm

A. 0 B. Rs100 C.  7% of the amount exceeding Rs1,200,000 D.  Rs84,000 + 12.5% of the …

The current chairman of Federal Board of Revenue(FBR) is:

2/15/2022 10:32:00 pm

(A) Qamar Zaman Chaudhry (B) Tariq Mahmood Pasha (C) Nisar Muhammad Khan (D) Muhammad …

The claim for reward by the Board for the whistleblower shall be rejected, if:

2/15/2022 10:30:00 pm

(A) Information provided is of no value (B) The Board already had the information (C) …

An authorized representative of the taxpayer shall be a :

2/15/2022 10:28:00 pm

(A) Any accountant (B) Relative of the taxpayer (C) A current full time employee of th…

No order of rectification of mistakes may be made after _____ date of the order sought to be rectified.

2/15/2022 10:26:00 pm

(A) Five (B) One (C) Two (D) Six

ADR stands for:

2/15/2022 10:23:00 pm

(A) Alternate dispute record (B) Alternative dispute record (C) Alternative dispute re…

Which of the following is not the type of tax?

2/15/2022 10:21:00 pm

(A) Direct taxes (B) Indirect taxes (C) Value Added Taxes (D) Fees and Penalties

The Commissioner Inland Revenue shall grant approval of any gratuity fund:

2/15/2022 10:19:00 pm

(A) True (B) False (C) Under special powers (D) None

Pension received by a citizen of Pakistan is ________ from tax.

2/15/2022 10:09:00 pm

(A) Partially taxable (B) Fully taxable (C) Taxable 25% of the pension received (D) No…

FBR can take which one of the following as e-Filing of return?

2/15/2022 10:05:00 pm

(A) Return on notice by commissioner (B) Specimens of return (C) Electronically filed …

Sales tax is enacted in the year:

2/15/2022 10:00:00 pm

(A) 1988 (B) 1990 (C) 1999 (D) 2001

What is the general rate of Sales Tax:

2/15/2022 09:56:00 pm

(A) 12 % (B) 14 % (C) 17 % (D) 20 %

When was Income Tax Ordinance enacted?

2/15/2022 09:53:00 pm

(A) 1999 (B) 2000 (C) 2001 (D) 2002

What is the general income tax rate on companies?

2/15/2022 09:50:00 pm

(A) 25 % (B) 29 % (C) 33 % (D) 36 %

What is applicable income tax rate on banking companies?

2/15/2022 09:48:00 pm

(A) 20 % (B) 25 % (C) 30 % (D) 35 %

How many heads of income are defined Income Tax Ordinance 2001?

2/15/2022 09:42:00 pm

(A) 3 (B) 5 (C) 6 (D) 8

Which is/are not a head of income as per Income Tax Ordinance 2001?

2/15/2022 09:40:00 pm

(A) Interest Income (B) Dividend Income (C) Income from business (D) Both A and B

Sales Tax charged at the time of purchase is called:

2/15/2022 09:38:00 pm

(A) Output Tax (B) Purchase Tax (C) Sales Tax (D) Input Tax

Sales Tax charged at the time of sales is called:

2/15/2022 09:35:00 pm

(A) Output Tax (B) Purchase Tax (C) Input Tax (D) Sales Tax

What items are included in 3rd schedule of the Sales Tax:

2/15/2022 09:32:00 pm

(A) Items sold as in retail packing (B) Exempt items (C) Zero rated items (D) Electron…