Tax Book 2023

Introduction and Geographical Source of Income Chapter- 05

Q. 17 Foreign source of short term resident is not taxable if it not

(a) brought / paid in Pakistan

(b) paid / received in Pakistan

(c) brought / received in Pakistan

Q. 18 Total tax liability is equal to tax under

(a) NTR plus FTR

(b) NTR plus minimum tax liability

(c) FTR plus minimum tax liability

Q. 19 If income tax return is complete then it is called___subject to fulfilment of limitations.

(a) a provincial assessment order

(b) an assessment order

(c) a re-assessment order

Q. 20 Foreign source income of a short term resident is not taxable if he is not present in Pakistan

(a) not less than 4 years

(b) more than 3 years

(c) more than 5 years

Q. 21 A credit or exemption on foreign salary income shall be allowed only if the foreign tax is paid within

(a) 3 years after the end of tax year

(b) 2 years after the end of tax year

(c) 4 years after the end of tax year

Q. 22 Income tax return is the declaration of

(a) total income & taxable income

(b) total taxable income & tax liability

(c) total income & tax liability

Q. 23 Where the fee is payable in respect of services utilized in a business carried on resident outside
Pakistan through permanent establishment is
(a) Pakistan sources income
(b) foreign source income
(c) both a & b

ANSWERS

1 (a) 2 (c) 3 (c) 4 (d) 5 (a)

6 (b) 7 (d) 8 (a) 9 (b) 10 (b)

11 (b) 12 (c) 13 (c) 14 (b) 15 (c)

16 (b) 17 (c) 18 (a) 19 (b) 20 (b)

21 (b) 22 (c) 23 (b)