vu fin623 Final Term - Quiz No.7
vu fin623 Taxation Management Quiz
This quiz belongs to book/course code vu fin623 Taxation Management of vu organization. We have 8 quizzes available related to the book/course Taxation Management. This quiz has a total of 10 multiple choice questions (MCQs) to prepare and belongs to topic Final Term. NVAEducation wants its users to help them learn in an easy way. For that purpose, you are free to prepare online MCQs and quizzes.
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Question 1: Any gain arising on the disposal of shares in a resident company belongs to which of the following?
Foreign source of income
Pakistan source income
Both Pakistan and foreign source of income
None of the given option
Question 2: Under clause (93 A) of the Part 1 of second schedule of In which of the following business income is exempted from
Income of a Text-Book Board
University or Educational Institution
Recognized Vocational Institute INCOME TAX ORDINANCE
Income of Recognized Sports Board
Question 3: A directorship or any other office involved in the management of a company under section 2(22) of Income Tax Ordinance, 2001 is termed as:
Employment
Employer
Employee
Business premises
Question 5: What is the relation between the Non-resident and permanent establishment as per section 105?
Both have same legal entity
Both are separate legal entity
Both are dependent on each other
None of the given options
Question 6: Superior judiciary includes which of the following authorities?
City Court
Supreme Court
High Court
Both supreme and High court
Question 7: Which of the following is the legal status of the Punjab University under the provisions of section 80 of the ordinance?
Individual
Company
Banking Company
Hindu Undivided Family
Question 8: Which of the following is NOT a liquidator under section 141 of the ordinance 2001?
Receiver appointed by a Court
Trustee for a bankrupt
Mortgagee in possession
Tax payer
Question 9: What is the tax treatment of the salary of an employee of foreign government but citizen of Pakistan?
Exempt form tax
Wholly Taxable
Partly Taxable
No Tax treatment given in IT Ordinance 2001
Question 10: Mr. Imran is an employee of Provincial Government of Punjab posted in UK for two years. What will be the residential status of Mr. Imran?
Resident Individual
Non-Resident Individual
Resident HUF
Resident AOP
