Taxation System Chapter- 04
ICMAP PAST PAPERS THEORETICAL QUESTIONS
Q.NO. 2(A) Fall 2017 In the light of the Income Tax Ordinance, 2001, define the following terms:
(i) Finance society(ii) Imputable incomeQ.NO. 2(a) August 2014 Define the term ‘public company’ as per the Income Tax Ordinance, 2001.
Q. 2(a) February 2014 Define the term “Electronic Record” as per the Income Tax Ordinance, 2001.
Q. NO. 2(b) February 2013 Explain the term ''Industrial undertaking'' as per section 2(29C) of the ITO, 2001.
Q. NO. 2(a) Summer 2011 Define the following terms under the Income Tax Ordinance, 2001:
(i) Business (ii) Charitable purpose (iii) Employment
Q. NO. 2(a) Winter 2010 Define the terms (i) Association of Persons (ii) Resident Company (iii) Profit on
Debt
Q. NO. 2(a) Summer 2010 Define the terms (i) Fee for technical services (ii) Employment (iii) Small
company
3 (c) Summer- 2010 Define the terms (i) Fee for technical services (ii) Non-profit organization
Q. NO. 2(c) Winter 2008 What is the definition of “Small Company” u/s 2(59A) of the I.T.O. 2001?
Q. NO. 3(c) Summer 2008 Define the terms (i) Fee for technical services (ii) Non-profit organization
Q. NO. 2(c) Winter 2007 In the light of the ITO-2001 what do you understand from the term “Trust”?
Q. NO. 2(d) Winter 2007 Define the terms (i) Pre-commencement expenditure u/s 25 (ii) “Rent”, u/s 15.
Q. NO. 3(a) Summer 2007 Define the term “amalgamation” as per section 2(1A) of the ITO-2001.
Q. NO. 3(b) Summer 2007 Define the term “industrial undertaking” u/s 2(29C) of the ITO-2001.
Q. NO. 3(c) Summer 2007 Define the term “profit on debt” as per section 2(46) of the ITO-2001.
Q. NO. 4(b) Summer 2006 Explain (i) Resident (ii) Association of Persons (iii) Finance society (iv) Trust
(v) Royalty
Q. NO. 7(a) Winter 2005 Explain (i) Association of Persons (ii) Debt (iii) Employer (iv) Non-profit
organization
Q. NO. 2(a) Summer 2005 Who is treated as “Persons” u/s 80 of the ITO-2001?
Q. NO. 2(b) Summer 2005 Define the terms (i) Resident and non-person (ii) Resident individual (iii)
Resident company
Q. NO. 6(a) Summer 2005 Define “Fee for Technical Services” under ITO-2001.
Q. NO. 3(b) Summer 2004 Explain the term “Public Company” under ITO-2001.
Q. NO. 7 Summer 2004 Define the terms (i) Banking company (ii) Debt (iii) Dividend (iv) Income
Q. NO. 2 Summer 2003 Define the terms (a) Amalgamation (b) Fee for technical services (c) Tax year
(d) Non profit organization