Tax Book 2023

(Ben LeoJzBdje) #1

Computation of Taxable Income Chapter- 06



  1. The tax liability of a dissolved AOP shall be recovered from


(a) Majority holder members

(b) All the members

(c) Only from assets of AOP

(d) From the AOP and its all the members


  1. Which of the following incomes shall be included in the computation of taxable income under Income
    Tax Ordinance, 2001


(a) Income covered under NTR

(b) Income covered under FTR

(c) Income covered under SBI under FTR

(d) all of above


  1. Under Income Tax Ordinance, 2001, there are ____ heads of income.


(a) 2

(b) 3
(c) 5

(d) 10


  1. A non-resident person shall pay the tax in respect of __.


(a) Pakistan source income

(b) foreign source income

(c) property income

(d) all of above


  1. The total income for the tax year 20 23 consists of ___.


(a) taxable income

(b) exempt income

(c) taxable and exempt income

(d) none of the above


  1. Any income may be received by__.


(a) Taxpayer himself

(b) Any person on his behalf

(c) His employer

(d) Both ‘a’ and ‘b’


  1. Companies are chargeable to tax __ its shareholders.


(a) separately from

(b) together with

(c) in respect of its

(d) none of above
Free download pdf