Total Questions : 64
MCQs : 56
Short and long questions: 08
Remaining 8 questions are as under:
FIN623 Question - 57
Write basic contents of Income Tax Ordinance 2001.
FIN623 Question - 58
What is the tax treatment of Speculation Business as per section 19 of Income tax ordinance 2001?
FIN623 Question - 59
Who is liable to pay Capital Value Tax on capital value of certain assets?
FIN623 Question - 60
Complete the table by filling the 2nd column with the respective rates as per Income Tax Ordinance 2001 for the tax year 2010.
Depreciation Under Section 22
1. Building (all types) (.......?%)
2. Furniture and machinery and plant, Motor Vehicles, Ships, Technical or Professional Books. (.......?%)
3. Computer hardware including printer, monitor and allied items, aircraft and aero engines. (.......?%)
FIN623 Question - 61
Explain different types of taxes. (Any five)
FIN623 Question - 62
What do you mean by 'Intangibles' and 'Cost of Intangibles' as per defined in section 24 and how the amortization of cost of intangibles compute?
FIN623 Question - 63
What is meant by Pension? What is the tax treatment of Pension under clause 08 of Part 1 of second schedule? (Marks=1+4)
FIN623 Question - 64
What are the Penalties in case of failure to maintain record and non compliance with the notice under section 185 and 186 of Income Tax Ordinance 2001 respectively?
