Introduction and Geographical Source of Income Chapter- 05
MULTIPLE CHOICE QUESTIONS
Q. 1 Income tax is
(a) Direct tax
(b) Indirect tax
(c) Semi-direct tax
(d) None of the aboveQ. 2 A person is liable to pay income tax on taxable income earned during the
(a) Financial year
(b) Calendar year
(c) Tax year
(d) (a) and (c) aboveQ. 3 Resident persons are taxable for
(a) Pakistan Source Income
(b) Foreign Source Income
(c) Both (a) and (b)
(d) Business incomeQ. 4 Residential Status of an individual shall be determined on the basis of:
(a) Nationality
(b) Number of days stay in Pakistan & other countries
(c) Govt. employee
(d) Either (b) or (c)Q. 5 For income tax purposes, a foreigner:
(a) May be a resident person
(b) Cannot be a resident person
(c) None of the aboveQ. 6 For a resident individual, on physical stay basis in Pakistan is necessary for
(a) Equal or less than 182
(b) Equal or more than 183 days
(c) No physical stay is necessaryQ. 7 A government employee posted abroad is resident because:
(a) He stays in Pakistan for 182 days
(b) He stays in Pakistan for 183 or more days
(c) He does not stay in Pakistan
(d) He has no limitation on stay in PakistanQ. 8 Part of a day an individual is present in Pakistan for a day of arrival, departure, public holiday or day
of leave
(a) Counts as a whole day
(b) Counts as half day
(c) Is not counted