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 _______

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section.
Total income of a person for a tax year means _____?

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Example of Tax payer ________
One of the main instruments of Fiscal policy is __________

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Which of the following is not a head of income decleared in Section 11 of Income Tax Ordinance,
2001?

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Which of the following can be adjusted against Income Tax Liability?

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How many support members
How many operational members
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How many functional members

When fbr created

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Senior citizen %

about FBR head? Chairman

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

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was separated from FBR and FBR was created Division.

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-English: Synonyms, blanks and Punctuation.

synonyms: hackneyed, Assuage
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- number of functional, Supportive and Operational members.

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- creation of FBR from CBR? Revenue Act 2007

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- 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

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- dividend

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- rent

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

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

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Repealed income tax ordinance sc
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
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.a) zero b) 11, 000 c ) 10000 and d) none

Board can make rulea under sec ? STA

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Tax imposed in Pakistan? national assembly

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

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Number of members of FBR was asked.

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CBR changed into FBR when and as per what regulation

When was first tax implied in Pakistan. 1949 1969 1979 2001
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Discovering The World of English'

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By Saadat Ali Shah

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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
6Gold handshake is exempted
7Direct tax percentage in total tax revenue
8Special audit is conducted
9Reference to the high court can be filled within how many days
10Faliure to notify registration charge

Most of the questions were related to clauses, schedules and other references of income tax
and sales tax ordinance

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which is not principle of taxation

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principle of certainity
principle of economy

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principle of secrecy
non of these ?

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In order to remove impediments in the exercise of administrative powers of a Secretary to
the Government and effective formulation and implementation of fiscal policy measures, the
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status of FBR as a Revenue Division was restored under;

Antonyms of the following

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1. Vertiginous
2. Pervino (something like that)
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3. Rabble
4. Lapidarian
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Agricultural Income, Sec 11A, Tariff Area Non Tariff Area (Chitral),

1) In Pakistan, the power of levy lies with:

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2) Schedule No. 6
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3) Zero Rated Products

4) Depreciation on plant and Machinery
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5) Salary is chargeable under

6) How to receive tax payable from defaulter.
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7) Non Resident person has to pay taxes on

8) Appeal Time
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9) Is not function of FBR

10) Most Revenue earned form Taxes
11) Highest share in taxes are of
12) Percentage of Direct Taxes earned in Total Taxes
13) Which of the following is not intangible assets
14) Default surcharge Penalty
15) Section 13
18) Turpitude
19) Propinquity
20) Vociferous
21) Property loss can be carry forward to how many years?
22) Practice of Recovery of Income tax from a taxpayer under section 140
23) Under Sec 146B FBR can waive of:
24) Resident Owner aircrafts having their operations on Pakistan are required to file
tax return in Pakistan after ________ Months…
25) Which of the following expenses can be deducted form Salary Income
26) Which of the following is an admissible deduction for computing property
Income/
27) Income earned by a trade association from sale of Goods to its members…
28) Which of the following can not be deducted from business income
29) Depreciation of various business assets are specified in: 1st Schedule

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30) Income derived from renting out generator
31) Income generated form leasing (Normal Business)

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32) Income Generated from renting out property/land
33) From Last couple of Years, tax ti GDP Ratio has on)

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34) Which of the following is True About amount of taxes collected in Pakistan (
Indirect Taxes are more than direct)

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35) Which of the following would cause income to become more unequal:
36) Sales tax in Pakistan is (Indirect and Proportional)

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37) Progressive Taxation is..
39) ____ is the difference Between..
40) Further Tax (Non Registered)
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