Final Tax Regime and Minimum Tax Chapter- 22
MULTIPLE CHOICE QUESTIONS
Q.1 Dividend received by a company is treated
(a) As a separate block of income
(b) Under NTR as SBI
(c) Under FTR
(d) Both ‘a’ and ‘c’Q.2 Gross dividend received is charged to tax at the rate of
(a) 5%
(b) 7.5%
(c) 15 %
(d) 20%Q.3 Fee for technical services’ received by a non resident within Pakistan is charged on the gross amount
at the rate of
(a) 5%
(b) 10%
(c) 20%
(d) None of the above
Q.4 A non resident person or his authorized agent in case of shipping income shall furnish a return to the
Commissioner Inland Revenue within
(a) 60 days
(b) 30 days
(c) 15 days
(d) 40 days from the end of December and June in every financial year.
Q.5 Where a non-resident person derives income from ‘royalty’ he shall pay tax on gross amount at the
rate of
(a) 15%
(b) 10%
(c) 20%
(d) None of the above
Q.6 Maximum expenses incurred outside Pakistan in case of royalty which is chargeable to tax other than
u/s 6(2) shall be
(a) 15%
(b) 10%
(c) 20%
(d) 5% of the gross amount of royalty income
Q.7 Tax rate on import of edible oils including crude oil imported as raw material for the manufacture of
ghee of cooking oil is
(a) 2%
(b) 1%
(c) 6 %
(d) 3 .5%