Tax Book 2023

Returns and Assessments Chapter- 17

MULTIPLE CHOICE QUESTIONS

Q.1. Following persons are not required u/s 114 to file the income tax return_____.

(a) Company

(b) Individual having taxable income exceeds Rs. 400,000

(c) NPO

(d) NTN holder

(e) None of the above

Q.2. A person is required to file the return of income having immovable property of ___at rating
area.
(a) 500 square yards or more
(b) Less than 500 square yard or equal to 500 square yards
(c) 500 square meters or more
(d) None of the above

Q.3. If a salaried person has taxable salary income then he shall have to file_____.

(a) Evidence of tax deduction

(b) Income tax return

(c) Wealth statement and wealth reconciliation statement along with return of income

(d) All of the above

Q.4. The minimum time period granted by the Commissioner Inland Revenue to the taxpayer for furnishing
the wealth statement after serving the notice is__.
(a) 30 days
(b) 40 days
(c) Not more than 30 days
(d) 20 days or such period as may be specified in such notice

Q.5. The Commissioner Inland Revenue may demand the furnishing of a wealth statement in respect
of___.
(a) The last tax year
(b) The last five completed tax years as a whole or any one
(c) Last three completed tax year as a whole or any one of them
(d) none of the above

Q.6. An AOP income under NTR with Tax Year ending 30- 06 - 2023 may file its return uptill____.

(a) 30 - 09 - 2023

(b) 31 - 12 - 2023

(c) 31 - 08 - 2023

(d) None of the above

Q.7. A company and AOP having year end August 31, 20 22 will file their income tax returns uptill
_____.
(a) 31 - 12 - 2022
(b) 30 - 09 - 2022
(c) 31 - 12 - 2022 and
(d) 30 - 09 - 2023