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Total Questions : 64
MCQs : 56
Short and long questions: 08
Remaining 8 questions are as under:
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Q.57 Write basic contents of Income Tax Ordinance 2001.
Q.58 What is the tax treatment of Speculation Business as per section 19 of Income tax ordinance 2001?
Q.59 Who is liable to pay Capital Value Tax on capital value of certain assets?
Q.60 Complete the table by filling the 2nd column with the respective rates as per Income Tax Ordinance 2001 for the tax year 2010.
Depreciation Under Section 22
1. Building (all types) (.......?%)
2. Furniture and machinery and plant, Motor Vehicles, Ships, Technical or Professional Books. (.......?%)
3. Computer hardware including printer, monitor and allied items, aircrafts and aero engines. (.......?%)
Q.61 Explain different types of taxes. (Any five)
Q.62 What do you mean by 'Intangibles' and 'Cost of Intangibles' as per defined in section 24 and how the amortization of cost of intangibles compute?
Q.63 What is meant by Pension? What is the tax treatment of Pension under clause 08 of Part 1 of second schedule? (Marks=1+4)
Q.64 What are the Penalties in case of failure to maintain record and non compliance with the notice under section 185 and 186 of Income Tax Ordinance 2001 respectively?
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