Preliminary Chapter- 04
Q.71 "Permanent establishment" means a fixed place of business through which the business of the
person is wholly or partly carried on, and includes:
(a) a place of management, branch, office, factory or workshop, premises for soliciting orders,
warehouse, permanent sales exhibition or sales outlet, other than a liaison office except where
the office engages in the negotiation of contracts (other than contracts of purchase);
(b) a mine, oil or gas well, quarry or any other place of extraction of natural resources;
(c) an agricultural, pastoral or forestry property;
(d) All of the above
Q.72 “small and medium enterprise” means a person who is engaged in
(a) manufacturing and his business turnover in a tax year does not exceed Rs. 300 million:
(b) manufacturing and his business turnover in a tax year does not exceed Rs. 250 million:
(c) manufacturing and his business turnover in a tax year does not exceed Rs. 200 million:
(d) None of the aboveANSWERS
Q 1 2 3 4 5 6 7 8 9
A (d) (a) (a) (c) (b) (d) (b) (d) (d)
Q 10 11 12 13 14 15 16 17 18
A (a) (d) (d) (a) (b) (c) (d) (a) (d)
Q 19 20 21 22 23 24 25 26 27
A (d) (d) (a) (a) (c) (e) (a) (b) (a)
Q 28 29 30 31 32 33 34 35 36
A (d) (a) (a) (b) (d) (c) (c) (c) (d)
Q 37 38 39 40 41 42 43 44 45
A (d) (b) (d) (d) (c) (a) (c) (c) (e)
Q 46 47 48 49 50 51 52 53 54
A (d) (d) (d) (b) (b) (b) (f) (c) (a)
Q 55 56 57 58 59 60 61 62 63
A (a) (a) (d) (e) (d) (d) (a) (a) (a)
Q 64 65 66 67 68 69 70 71 72
A (d) (c) (d) (b) (a) (b) (e) (d) (a)