Returns and Assessments Chapter- 17ICMAP PAST PAPERS THEORECTICAL QUESTIONS
Q.4 (c) Fall 2016
As per section 116 of the Income Tax Ordinance, 2001, the Commissioner Inland Revenue is empowered to
require any taxpayer (being an individual) to furnish a wealth statement within a time period specified in the
notice. Enumerate which information should be contained in the wealth statement.
Q.3 (a) Spring 2013 M/s. TCG is a Tax Consultancy firm. It has a list of clients whose income
year ended on different dates. Being a consultant inform your clients about the due dates for filing
of income tax return in each of the following cases:
(i) A company whose income year ended on 30 th September 2012.
(ii) A company whose income year ended on 31st December 2012.
(iii) A company whose income year would end on 31st March 2013.
(iv) A member of an association of persons (AOP) if the income year of the association of
persons would end on 30th June 2013.
Q. No. 2 (a) August 2012 Every individual (whether salaried or non-salaried) whose taxable income for
the year exceeds the maximum amount that is not chargeable to tax under the Income Tax
Ordinance, 2001 is required to furnish a return of income for the tax year under section 114 of the Income
Tax Ordinance, 2001. In the light of sub-section (2) of section114, what credentials are required to be
furnished with filing of income tax return?
Q. No. 3 (b) August 2 012 Define the following terms under the Income Tax Rules, 2002:
(i) E-intermediary
(ii) Digital Certificate
(iii) Computerized Payment Receipt
Q. NO. 3 (b (i) SUMMER 2010 According to sub-section (1) of section 114 of the Income Tax Ordinance,
2001 , name the persons who are required to furnish a return of income.
Q. NO. 2 (a) WINTER 2009 M/s Z Attari Ltd., has a tax year ending on 30th June, is feeling difficulty in filing
the return in time. You are required to advise the management on the following issues:
(i) Who is responsible to file return on behalf of the company and what conditions shall be applicable to
the return?
(ii) What procedure the company has to follow if extension in filing is required?
Q. NO. 2 (a) WINTER 2008 Define amendment of assessment as provided in section 122 of the Income
Tax Ordinance, 2001.
Q. NO. 3 (b) WINTER 2006 Explain the provisions for extending time for furnishing returns and other
documents u/s 119 of the Income Tax Ordinance, 2001.
Q. NO. 6(c) WINTER 2006 Briefly state the power of tax authorities to modify the orders u/s 124-A of the
Income Tax Ordinance, 2001.
Q.3 Sept 2001 Who is liable to discharge the tax liability of a deceased person, and to what extent?
Q. NO. 4 (b, c) WINTER 2006 Explain the following under the Income Tax Ordinance, 2001.
(b) “Best Judgment Assessment” u/s 121 (c) “Evidence of Assessment” u/s 126
Q. NO. 6(b) SUMMER 2006 When assessment or amended assessment in relation to disputed property is
made?
Q. NO. 7 WINTER 2004 Specify the persons required to file return of income and the persons
exempted from filing return of income U/S 114 and 115 of Income Tax Ordinance, 2001.