Tax Book 2023

Deduction / Payment of Tax Chapter- 23

(a) close down his business

(b) already paid tax

(c) left Pakistan

(d) all of above

Q.16 A person in default of tax deduction shall pay ___ where the person from whom it was to be
deducted has already paid the amount of tax.
(a) extra tax
(b) default surcharge
(c) minimum tax
(d) all of above

Q.17 If the person has not deducted tax at source and has made the payment of tax then ___.

(a) he may recover from other person

(b) he cannot recover from other person

(c) he shall be punished with fine

(d) all of above

Q.18 The certificate giving evidence of the deduction and collection of tax at source is issued by the ____.

(a) tax authorities

(b) person who has deducted tax

(c) person whose tax was deducted

(d) all of above

Q.19 A company shall pay turnover tax as advance tax ____ the quantum of its income.

(a) irrespective of

(b) with respect to

(c) none of above

Q.20 The last date to pay the advance tax by a Company related to the period from January to 31st March
is __.
(a) 25 th March
(b) 31 st March
(c) 1 st January
(d) all of above

Q.21 While computing advance tax, turnover tax payable by the company shall be ____.

(a) ignored

(b) taken into account

(c) none of above

Q.22 If the latest assessed taxable income of an individual is Rs. __ or more he is required to pay
advance tax.
(a) 200,000
(b) 300,000
(c) 400,000
(d) 1,000,000