Tax Book 2023

Banking Business Chapter- 27

Q.14. Capital gain on the sale of shares of listed companies disposed of after one year shall be taxed at
___%.
(a) 5
(b) 6
(c) 35
(d) 10

Q.15. Provisions of section 113 shall ___ to a banking company.

(a) Apply

(b) not apply

(c) none of above

Q.16. Exemptions and tax concessions under the 2nd schedule shall ___ to banking company.

(a) Apply

(b) not apply

(c) none of above

Q.17. If both the holding and subsidiary companies are banking companies then Group Relief (section 59B)
shall ___.
(a) Apply
(b) not apply
(c) none of above

Q.18. The __ may, from time to time, by notification in official Gazette, amend the schedule so as to
add, modify or omit any entry therein
(a) State Bank of Pakistan
(b) FBR
(c) Federal Government
(d) all of above

ANSWERS

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

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

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

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