These MCQs are collected from the Candidates of IIR test after Exam last year.

Here are some Mcq's of today's test:

Vision of FBR
Refrence to High court can be filled within how many
days? When did First law of Income Tax promulgatd in
Pakistan? Filer means a tax payer who ?
Non filer means a person ?
Loss on disposal of a dereciable asset is ?
Rate of default surcharge is ?
Taxes are lieved to ?
Taxes on commodities are ?
Dividend recieved by a company from a non- resident company is chargeable to tax under
section.
Total income of a person for a tax year means ?
Example of Tax payer
One of the main instruments of Fiscal policy is
Which of the following is not a head of income decleared in Section 11 of Income Tax Ordinance,
2001?
Which of the following can be adjusted against Income Tax Liability?

How many support members

How many operational
members How many functional
members

When fbr created

Senior citizen %

about FBR head? Chairman

- In order to remove impediments from performing government functions, secretary finance

was separated from FBR and FBR was created Division.

-English: Synonyms, blanks and Punctuation.

synonyms: hackneyed, Assuage

- number of functional, Supportive and Operational members.

- creation of FBR from CBR? Revenue Act 2007

- KIBOR? Karachi Inter bank offered rate

- Definitions from Section 2

- Promulgation dates from Acts and ordinance

- Hardly 10 questions were about sections.

There were questions regarding Appeals, Income tax, Zero rating, exemptions, penalties,
few questions related to Income and income tax, taxing regarding senior citizens, time
period of filling of appeals etc.

-Ordinance and acts contained total number of section?

- Salaries from other sources?

- definition of salaries

- agricultural income exemptions and taxable

- dividend

- rent

Takes rates like one has above 400,000 income what will be the tax? Etc.

A senior citizen aged 55/60 his income 600,000 etc.

Repealed income tax ordinance

Salried person income of 350000 in 2013 and receive dividend income 90, 000 tax on
divdend pay at source was 10, 000.. what was tax libility of that person for year
.a) zero b) 11, 000 c ) 10000 and d) none

Board can make rulea under sec ? STA

Tax imposed in Pakistan? national assembly

tax imposed on telecom sector? 21%
question regarding accounting(accrual)

Number of members of FBR was asked.

CBR changed into FBR when and as per what regulation

When was first tax implied in Pakistan. 1949 1969 1979

2001

Discovering The World of English'

By Saadat Ali Shah

Example of Tax payer _ A) WAPDA B) LESCO C) SALARIED PERSON D) ALL OF THESE

1Taxs levied by
2Exemption section in STA
3Cost and charter accountant
4 About accrual basic
5Exempted schedule in sale tax act
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