Income Tax Ordinance 2001 as amended upto June 2016 MCQS with Answers for FPSC FBR Inand Revenue Inspectors Tests

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Income Tax Ordinance 2001  MCQS with Answers for FPSC FBR Inand Revenue Inspectors Tests as amended upto July 2016 MCQS

As per FPSC Syllabus Here are the Mcqs on Federal Excise Act 2005 as amended upto July 2016 Only Chapter 3 and part IV of Chapter 10

CLICK HERE FOR FULL SYLLABUS PREPARATION OF FBR JOBS 


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Income Tax Ordinance Quiz # 1

Income from Property, a deduction shall be allowed 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
Correct!
Wrong!

A person accounting for income chargeable to tax under the head ―Income from Business on a cash basis shall derive income when it is received and shall incur expenditure when it is paid is called _________
Correct!
Wrong!

The total income of a person for a tax year shall be the sum of the "person‘s income under all heads of income for the year" and "person‘s income exempt from tax under any of the provisions of this Ordinance"
Correct!
Wrong!

A loss for a head of income for a tax year shall be dealt with in accordance with Part VIII of Chapter _______
Correct!
Wrong!

Any income from the hire or lease of tangible movable property will be added to the head
Correct!
Wrong!

For the purposes of the imposition of tax and the computation of total income, all income shall be classified under the following heads except
Correct!
Wrong!

The income of a resident person under a head of income shall be computed by taking into account amounts that are Pakistan-source income only
Correct!
Wrong!

_________means any amount received or receivable by the owner of land or a building as consideration for the use or occupation of, or the right to use or occupy, the land or building, and includes any forfeited deposit paid under a contract for the sale of land or a building.
Correct!
Wrong!

The income of a non-resident person under a head of income shall be computed by taking into account only amounts that are Pakistan-source income.
Correct!
Wrong!

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
Correct!
Wrong!

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