LAST GRAND TEST RESULTS 19-02-2022 (GOOD LUCK)

 

SR NAME Score CITY PROVINCE

1 Alia 96 / 100 Lahore Punjab

2 Hassan Rashid 91 / 100 Kahuta Kpk

3 Suman Choudhary 91 / 100 Chiniot Punjab

4 Madiha Saad 91 / 100 Karachi Sindh urban

5 Paras ali 91 / 100 Karachi Sindh

6 Daniya 91 / 100 KARACHI SINDH

7 Muhammad Asad 90 / 100 Haroonabad Punjab

8 abdul wadood 89 / 100 quetta balochistan

9 muhammad imran khan 89 / 100 rawalpindi punjab

10 Zahoor Ahmed 89 / 100 Haveli Azad Kashmir

11 Alamgir Khan 88 / 100 Lakki narwat Kpk

12 Aiman khan 88 / 100 Sialkot Punjab

13 Sobia Awan 88 / 100 Lahore Punjab

14 Adil 88 / 100 Peshawar Kpk

15 Hassan sultan 87 / 100 ZTBL Head office, zero point Punjab

16 Salman Ahmed 87 / 100 Sukkur Sindh

17 Imran Khan 86 / 100 Islamabad Punjab

18 Furqan 86 / 100 Lahore Punjab

19 Maria 86 / 100 shahdadpur sindh

20 Sidra Umar 86 / 100 Lahore Punjab

21 Bilal 86 / 100 lahore punjab

22 Raza 86 / 100 lahore Punjab

23 Fiza Manzar 86 / 100 Lahore Punjab

24 USMAN 85 / 100 Lahore Punjab

25 Mohsin Ali Asghar 84 / 100 Sahiwal Punjab

26 Ikra masood 84 / 100 Sargodha Punjab

27 Isha 84 / 100 Gujranwala Punjab

28 Hania Raib 84 / 100 Lahore Punjab 

29 Sadaf Hussain 84 / 100 Larkana Sindh

30 Khalid Mahmood 84 / 100 Dera Ismail Khan KPK

31 Arooj Baloch 84 / 100 Faisalabad Punjab

32 Nazima jabeen 84 / 100 Faisalabad Punjab

33 Asad Ali 84 / 100 Dadu Sindh

34 Muhammad Kamran 84 / 100 Rawalpindi Punjab

35 M.imran 84 / 100 guj test

36 Furqan 84 / 100 Jamshoro Sindh

37 Muhammad Hashim 84 / 100 Quetta Balochistan 

38 Kamran 83 / 100 Larkana Sindh

39 naeem virk 83 / 100 narowal punjab

40 haroon khan 83 / 100 Quetta Balochistan

41 Ghulam Akber 83 / 100 Sukkur Sind 

42 Majid Hassan 82 / 100 Thatta Sindh

43 Muhammad Ahmed Qureshi 82 / 100 Hyderabad Sindh

44 Atif 82 / 100 Hyderabad Sindh

45 Syed muhammad adil 82 / 100 Hyderabad Sindh

46 Aamir Khan. 81 / 100 Dera Ismail Khan KPK

47 Mansoor Ali 81 / 100 Larkana Sindh

48 nomi 81 / 100 Karak Kpk

49 Wasil shah 81 / 100 Sukkur Sindh

50 Nauman Soomro 81 / 100 Larkana Sindh

51 Nigar 81 / 100 Peshawar Kpk

52 Asadullah 81 / 100 Abbottabad Kpk

53 Hamza Nawaz 81 / 100 Islamabad Islamabad 

54 Faizan Ul Haq 81 / 100 Nowshera Khyber Pakhtunkhwa

55 Shah Zaman 80 / 100 Faisalabad Punjab 

56 Majid Bashir 80 / 100 Awaran Balochistan

57 Rukhsana 80 / 100 Nawabshah Sindh

58 Saad Anwar 80 / 100 Jauharbad Punjab

59 Arslan 80 / 100 Okara Punjab

60 Haider 80 / 100 Multan Punjab

61 Asfandyar 80 / 100 Swabi Kpk

62 Khizar 80 / 100 Abbottabad Kpk

63 Ayesha sheikh 80 / 100 Lahore Punjab

64 Zunaira Ilyas 79 / 100 Bahawalpur Bahawalpur

65 Abdul Waheed 79 / 100 Pano Aqil Sindh

66 Muhammad Tufail 79 / 100 Lahore Punjab 

67 Mustafa 79 / 100 Lahore Punjab

68 Amir Razzaq 79 / 100 Bahawal pur Punjab

69 Sadaqat 79 / 100 Lahore Pakistan

70 Lubna Rafi 78 / 100 Mandi Bahauddin Punjab

71 Ajmal majoka 78 / 100 sargodha punjab

72 Mazhar 78 / 100 Bahawalpr punjab

73 Muhammad Adnan Asghar 78 / 100 Layyah Punjab

74 Imran ali 78 / 100 Usta muhammad Balouchistan

75 Mohammad yaseen 77 / 100 Rawalpindi Punjab

76 Amin khan 77 / 100 Abbottabad Kpk

77 Abdul Naeem 77 / 100 Quetta Balochistan

78 M idrees 77 / 100 Mardan Kpk

79 Rania 77 / 100 FSd Punjab

80 M Ali 77 / 100 Sahiwal Punjab

81 Fouzia Khanam 77 / 100 Sarai-alamgir Punjab

82 abbas 77 / 100 swat kpk

83 Hasnain zafar 76 / 100 Lodhran Punjab

84 Baz baber 76 / 100 Multan Punjab

85 Sadaf Zahra 76 / 100 Hyderabad Sindh,Pakistan

86 Rizwana 76 / 100 Kamoki Punjab

87 Ahmad Ali Lali 76 / 100 chiniot punjab

88 Inamullah 75 / 100 Karachi Sindh

89 raheel riaz 75 / 100 hyderabd sindh

90 Ali Amjad 75 / 100 Lahore Punjab

91 UMM E LAILA 75 / 100 Shiekhupura Punjab

92 Amber Khushbo 75 / 100 Karachi Sindh

93 Sadia Mubasher 75 / 100 Sargodha Punjab 

94 00 75 / 100 00 00

95 Imran Ahmed Khan 74 / 100 Quetta Balochistan

96 imran 74 / 100 Moro sindh Sindh

97 Muhammad Imran Shabbir 74 / 100 DG. Khan Punjab

98 Ali khan 74 / 100 Peshawar Ex- FATA

99 Muhammad Bilal 74 / 100 Bhakkar Punjab

100 Sahra 74 / 100 Quetta Balochistan

101 Sobia 74 / 100 Hfz Punjab

102 Niaz 74 / 100 ISB ICT

103 Mahnoor Asghar 74 / 100 Sargodha Punjab

104 03066240887 73 / 100 kamoke punjab

105 Mohamma Raza 73 / 100 Quetta Balochistan

106 Idrees Habib 73 / 100 Rohillanwali Punjab

107 Balach 73 / 100 Quetta Balochistan

108 Anum Mushatq 73 / 100 Gujranwala Punjab

109 Billal Ahmed 73 / 100 Quetta BalochistaN

110 Syeda 73 / 100 Islamabad Islamabad

111 Adil Mehmood 73 / 100 khanpur KPK

112 KamranShehzad 73 / 100 Sargodha Punjab

113 Sanam 73 / 100 Tarbela dam Kpk

114 Saima Abas 73 / 100 DONGA BONGA Punjab

115 Muhammad Azam khan 72 / 100 Bannu Kpk

116 Hafiz Asad 72 / 100 Lahore Punjab

117 Ajay 72 / 100 Karachi Sindh Urban

118 saqib akhtar 72 / 100 Lahore Punjab

119 Shah Zaman 72 / 100 Peshawar Kpk

120 Arslan Sarwar 72 / 100 Shahpur sadar Punjab

121 Sami 72 / 100 Mianwali Punjab

122 Shakib john 71 / 100 Gujranwala Gujranwala

123 Shairyar Khan 71 / 100 Quetta Balochistan 

124 Khairulabrar 71 / 100 Swabi Kpk

125 Zubair Ali 70 / 100 Lahore Muridke

126 Javaria 70 / 100 Multan Punjab

127 Javid Ahmed 70 / 100 Quetta Baluchistan

128 Muhammad umair  70 / 100 Quetta Balochistan

129 Amjad Ali 70 / 100 Sukkur Sindh

130 Hamza Zia Lodhi 70 / 100 CHICHAWATNI Punjab

131 Asad 69 / 100 Lahore Punjab

132 Umar Gilani 69 / 100 Multan Punjab

133 Sikander 69 / 100 Jhang Punjab

134 Hina Fayyaz 68 / 100 Sargodha Punjab

135 Ihsan Ullah 68 / 100 Panjgur Balochistan

136 Awais Ali 68 / 100 Gujranwala Punjab

137 Abid Hussain 68 / 100 Umerkot Sindh

138 Reena 67 / 100 Larkana Sindh

139 Hamza zubair 67 / 100 Bwn punjab 

140 Haroon 67 / 100 Quetta Balochistan 

141 Noman Khan 67 / 100 Peshawar KPK

142 Fatima 67 / 100 Fsd Punjab

143 Aftab 66 / 100 Quetta Balochistan 

144 Ali 66 / 100 Gujranwala Pujanb 

145 Rimsha 66 / 100 Lahore Punjab 

146 Haider 66 / 100 Skardu Gilgit Baltistan 

147 Usman 66 / 100 Lahore Lahore 

148 Arslan Subhani 65 / 100 Lahore Punjab

149 Majid 65 / 100 Islamabad Islamabad 

150 taimoor shah 64 / 100 peshawar kpk

151 Abdul fehd 64 / 100 Shakargarh Punjab

152 UMAIR AHMED 63 / 100 QUETTA Balochistan

153 Tahir ali 63 / 100 Islamabad Punjab

154 Syed inayat ullah 63 / 100 Quetta Balochistan 

155 Bahawal Khan Jamali 62 / 100 Shikarpur Sindh

156 Muhammad Azhar 62 / 100 Gojra Punjab

157 Aimen 62 / 100 Peshawar Kpk

158 Mehnaz ayoub 62 / 100 Islamabad Punjab

159 Farheen 61 / 100 Rawalpindi Punjab

160 Muhammad Asim 61 / 100 Mardan KPK

161 Azeem ullah 61 / 100 Lahore Punjab

162 Naseer Khan 60 / 100 Quetta Balochistan

163 Noor 58 / 100 Naushahro Feroze Sindh Rural

164 Shahid zaman 58 / 100 Layyah Punjab

165 Rafi Ullah 58 / 100 Quetta Balochistan 

166 Zunira ch 58 / 100 Gujranwala Punjab

167 Ahsan 57 / 100 Lahore Punjab

168 Noor Ul Haq Afridi 57 / 100 Lahore Punjab 

169 zaria khan 57 / 100 lahore punjab

170 Sayed Iftikhar Hussain 56 / 100 Lahore Punjab

171 Aamir Baloch 55 / 100 Quetta Balochistan 

172 Syed salman hyder 55 / 100 Tehsil gandakha district jaffarabad Balochistan

173 Ghulam Fareed 54 / 100 Multan Punjab

174 Aqsa Zulifqar 54 / 100 Bahawalpur Punjab

175 MUHAMMAD UZAIR 54 / 100 Nowshera KPK

176 Saddam 53 / 100 Peshawar Kpk

177 Madiha bashir 53 / 100 Gujranwala Punjab

178 Muhammad Zabrain 51 / 100 Lahore Punjab

179 Muhammad Adnan khan 51 / 100 Peshawar Kpk

180 Muhammad Asif 50 / 100 Islamabad Capital Territory 

181 Abrar ali 50 / 100 Larkana Sindh

182 Saba Saleem 49 / 100 Lahore Punjab

183 muhammad adnan 49 / 100 chakwal punjab

184 Sami ullah 49 / 100 Nowshera KPK

185 Jabran  Jamshed 48 / 100 Lahore Punjab

186 Qasim raza 47 / 100 Rawalpindi Punjab

187 Changaiz Anwar 46 / 100 Quetta Balochistan

188 Hamza 38 / 100 Bwp Punjab 

189 Hamza 38 / 100 Bwp Punjab 

190 muhammad ayaz 37 / 100 Peshawar Kpk

191 Ajiz 33 / 100 Bhakkar Punjab

192 MUHAMMAD JUNAID 28 / 100 BAHAWALPUR bahawalpur

193 zaria 27 / 100 Karachi Sindh

194 Faizan ahmad 26 / 100 Bhakkar Punjab

MCQs

==============

1. Pakistan Fiscal year starts from:

a) 1st September

b) 1st January

c) 1st April

d) 1st July

2. Which is provincial tax in Pakistan?

a) Excise tax

b) Sales Tax

c) Import Duty

d) Motors token tax

3. There is how many chapters included in Income Tax Ordinance?

a) 11 Chapters

b) 12 Chapters

c) 13 Chapters

d) 14 Chapters

4. There is how many schedules included in Income Tax Ordinance 2001?

a) 9 Schedules

b) 6 Schedules

c) 7 Schedules

d) 8 Schedules

5. There is how many sections included in Income Tax Ordinance 2001?

a) 235 sections

b) 240 sections

c) 250 sections

d) 260 sections

6. Corporate tax is levied on:

a) Landlords 

b) Municipal corporation

c) Joint stock companies

d) Importers

7. Central Excise Act, 1944 was repealed by

a) The Federal Excise Act, 2002

b) The federal Excise Act, 2004

c) The Federal Excise Act, 2005

d) The Federal Excise Act, 2007

8. Name of Central Excise Duty has been changed as a Federal Excise Duty on

a) 1st July, 2003

b) 1st July, 2005

c) 1st July, 2007

d) 1st July, 2008

9. Inland Revenue Wing of the FBR was created, which is combination of ___________ domestic taxes.

a) 3

b) 4

c) 5

d) 6

10. If we deduct direct tax from personal income, we get:

a) Net national income

b) Personal saving

c) Disposable income

d) Per capita income

11. The largest part of national income is

a) Consumption

b) Investment

c) Transfer payments

d) Saving

12. We measure national income by this method:

a) Expenditure Method

b) Income Method

c) Product Method

d) All of above

13. The most important source of a government is:

a) Foreign loans

b) Taxes

c) Printing of new money

d) Sale of government property

14. In Pakistan, taxes are levied by:

a) Prime minister of Pakistan

b) President of Pakistan

c) Federal Cabinet of ministers

d) National Assembly

15. Government finance is called

a) National Finance

b) Public finance

c) Private finance

d) Both a and b

16. A direct tax is that which:

a) Is heavy burden on the tax payer

b) Can be directly deposited in the banks

c) Cannot be evaded

d) Is paid by the person on whom it is levied

17. In Pakistan government budget is prepared by:

a) National Assembly

b) President of Pakistan

c) Ministry of Finance

d) State Bank of Pakistan

18. If government increases taxes, private savings:

a) Increase

b) Decrease

c) Do not change

d) Will become zero

19. Taxes on commodities are :

a) Direct taxes

b) Indirect taxes

c) Progressive taxes

d) Proportional tax

20. Govt. Prepared its budget:

a) Weekly

b) Monthly

c) Annually

d) Quarterly

21. It is direct tax:

a) Excise tax

b) Sale tax

c) Income tax

d) Custom duty

22. Which tax is not shared between central and provincial governments?

a) Excise tax

b) Sales tax

c) Custom duty

d) Property tax

23. Which is provincial tax in Pakistan?

a) Excise tax

b) Sales tax

c) Import duty

d) Motor token tax

24. The budget estimate prepared by ministry of finance is finally approved by:

a) State Bank

b) President

c) Senate

d) National Assembly

25. Devaluation means

a) Change in the currency of a country

b) Decrease in the value of gold

c) Decrease in the value of money in terms of foreign currency

d) Decrease in the value of money internally

26. When the central Board of Revenue (CBR) was established?

a) 1st April, 1924

b) 7th April, 1924

c) 6th April, 1924

d) 9th April, 1924

27. What is the main function of money?

a) To buy eatables from the market

b) To serve as a medium of exchange

c) To earn interest from a bank

d) To buy luxurious goods

28. A direct tax is that which:

a) Is heavy burden on the tax payers

b) Can be directly deposited in the banks

c) Cannot be evaded

d) Is paid by the person on whom it is levied

29. Special procedure under the title of Sales Ta special procedure (Withholding Tax) Rules 2007 was introduced on:

a) 20th June 2007

b) 10th June 2007

c) 30th June 2007

d) 25th June 2007

30. Whom of the following propounded principles of taxation: 

a) Keynes

b) Marshall

c) Adam Smith

d) Al Ghaali

31. There is how many schedules included in the Sales Tax Act, 1990?

a) 9 schedules

b) 6 schedules

c) 7 schedules

d) 8 schedules

32. There is how many sections included in the Sales Tax Act. 1990?

a) 75 Sections

b) 80 sections

c) 85 sections

d) 95 sections

33. Which section of sales tax act, 1990 deals with Special Audit by Chartered Accountants or Cost Accountants?

a) 29

b) 30

c) 31

d) 32-A

34. Which Section of the Sales Tax Act, 1990 deals with offences and penalities?

a) 33

b) 34

c) 35

d) 36

35. No person other than a ________ shall make any deduction or reclaim input tax in respect of taxable supplies made or to be made by him.

a) Unregistered person

b) Registered person

c) Association

d) None of these

36. In Pakistan, income tax is collected by:

a) Local govt.

b) Provincial govt.

c) Federal govt.

d) All governments

37. Sales tax in Pakistan is:

a) Direct and progressive

b) Direct and proportional

c) Indirect and progressive

d) Indirect and proportional

38. It is easy and convenient to pay:

a) Direct tax

b) Indirect tax

c) Proportional tax

d) Progressive tax

39. It is difficult to evade:

a) Direct tax

b) Indirect 

c) Proportional

d) Progressive tax

40. Which tax is not shared between central and provincial governments?

a) Excise tax

b) Sales tax

c) Custom duty

d) Property tax

41. Which is provincial tax in Pakistan?

a) Excise tax

b) Sales tax

c) Import duty

d) Motors token tax

42. What is benefit of tariffs?

a) Increased choice

b) Increased government revenue

c) More competition

d) More trade

43. Pakistan public debt is:

a) Larger than GNP

b) Equal to GNP

c) Smaller than GNP

d) Smaller than our exports

44. Pakistan fiscal year start from:

a) 1st September

b) 1st January

c) 1st April

d) 1st July

45. As per law each registered person must file a return by the _________ of each month regarding the sales made in last month.

a) 10th

b) 15th

c) 20th

d) 25th

46. There are ___ director generals in FBR?

a) 6

b) 7

c) 9

d) 10

47. There are ___ large taxpayer units for inland revenue collection

a) 2

b) 5

c) 3

d) 6

48. Fiscal laws means a general reference to the laws relating to:

a) Budget matters

b) Finance matters

c) Tax matters

d) None of these

49. The federal budget is presented in the parliament by:

a) Prime Minister

b) President

c) Finance minister

d) Commerce minister

50. System of eTax in Pakistan was introduced in?

a) 2007

b) 2008

c) 2009

d) 2010

 Answers

1d 2d 3c 4d 5b 6c 7c 8b

 9a 10c 11a 12d 13b

 14d15b 16d 17c 18b 19b

 20c 21c 22d 23d 24d

25c 26a 27b 28d 29c 30c 

31a 32a 33d 34a35b 36c 

37d 38b 39a 40d 41d 42b 

43c 44d 45b 46b 47c 48b 

49c 50b.

SALES TAX TESTS LINKS

SALES TAX ACT 1990 1ST MCQS TEST

https://docs.google.com/forms/d/e/1FAIpQLSe2JAcXanIcz8yu4uGE6ox4vDP0rdOc1On48pXCJbewEy1J6A/viewform

SALES TAX TEST 2

https://docs.google.com/forms/d/e/1FAIpQLSe96p-ZtenRZBRCcZ_TLhjTDNdAqlsNBQVHlRh-rd8WbyqQhw/viewform

MCQz test

https://docs.google.com/forms/d/e/1FAIpQLSfMut-9rMCpsQ0anXKZXZtsAuuZL4gXES21nsdOUD4mQ7d9BQ/viewform  

SURPRIZE TEST SALES TAX 02-09-2021

https://docs.google.com/forms/d/e/1FAIpQLSeLpFltmsuVtdHdU_z2DKEGKK99V36J0_LD200UeAe1kGMUHg/viewform?usp=send_form 

MEGA MCQS TEST OF THE SALES TAX ACT 1990 (SECTION 1-33)

https://docs.google.com/forms/d/e/1FAIpQLScDw2WOX5HsJuHAA4mfdOFD6iUwQBgZD4y36D5Jvvop6Ae8KQ/viewform

Inspector Inland Revenue My Original Question Paper 10-January-2017. (BATCH-2 2017)

 Inspector inland revenue today's BATCH-2 MCQ

1 suo moto power of examination of records lies with (commissioner ,Fbr ,both none

2 power to write off notn recoverable lies with (prime minister ,commissioner .none

3 FBR is a attached department of which division (finance .revenue none

4 PRAL stands for ?

5 Rate of tax on companies in 2017 ?

6 incentives under prime minister scheme of taxes?

7 if profit on debt is less than 25 million what should be the rate of income tax?

8 pupose of imposing super tax in 2015 on companies?

9 if a taxpayer deduct duty inventively tp whom it pay back (federal govt ,commissioner imorter

10 which tax payable by dependant of SHUHUDA in immovable propert (advance incom tax ,sales tax CvT

11 Default surcharge on account of tax fraud ?

12 under sales tax act pyment exceeds what should be made throgh cheque ?

13 Under volountary tax scheme paid up capital limit is (25 million 50 million none

14 WeBOCS is what is and number of user ?

15 if a person failed to mainatain recored under ST amount of penality /

16 sales tax levied under third shedule on (retail price ,quantity ,value?

17 if a person fails to register from 60 days of commencemnt of business what is the amount of penalty /

18 further excise duty on non registered person is (1% .2% none

19 who file income tax return ?

20 inland revenue officer appointed under section of what?

21 in FED if a person make untrue decleration amount of penalty would be?

22 tax on cash withdrawal above 5000 for non filler is 0.3 % 0.6% none

23 execiseable services included under which shedule of FED ?

24 advance tax on payment to non resident person for technical services ?

25 Inland revenue wing collected what persent of total tax/

26 if person fails to file return after 10 days of due date what is penalty for this?

27 standared sales tax rate 15 % 10% none

28 relvant date for FED is ( date of supply date of consumtion ,date of production ,none)

29 vegitable ghee oil and water included in which shedule of sales tax ?

30 top revenue contributor of inland revenue ?

31 addational commissioner junior to which ?

32 loss of hotels carry foraward for how many years (5,6.7 none)

33 advance tax on air ticket is 5% 10 % none

Copied

Like · 1 hr

1.income tax rates in which shedule

2.after special judge where can appeal

high court, supreme court

3.who is not liable to be registered in sales tax act

4.penalty on those who failed to file return 5000

5.default surcharge rate, KIBOR+3

6.who has authority to right off not recoverable tax

7.what is WeBOC

8. total user of WeBOC

9.what is tax rate on Air tickets

10.who has authority to Re-value the property

commissioner, chief commissioner etc

11.deduction for bad debts

-----debt included in person's income etc

12.who can graunt stay against recovery of duty in days

15or 30 or 60

13.value of goods determined on what date?

consumption date, supply date, etc

14. who is senior from these

a,commissioner b. director General. c.Assistant commissioner

15 Chairman of special Audit

16, FBR connected with which wing

Revenue, Finance, etc

17.which is giving maximum revenue

income, shaid custom etc

18. FBR giving revenue yo government\

90%, 70 % 60%

19. who can exempt sale tax

federal Government , FBR etc

20. which is rsponsible for filing return from following

a,,,, Welfare institute, b,,,,,arphans income c,,,

answer was welfare institute

Who can waive tax liability,

Who can sumoto open any tax proceeding, FBR, Commissioner etc

Appeal u/s 45D (I guess ) is to commissioner, appliat tribunal etc

What do not come come under income for salary, same question like for income from property and income from other source.

Who is not required to be registered under sales tax.

What penalty if not registered under sales tax.

Default surcharge rate?

Rates of Income tax are mentioned in which schedule? (Similar question relating to other schedules also)

FBR works with which govt department.

Who is higher in rank, DG Revenue, Commissioner etc

Taxable income of Pakistani resident with foreign salary

Who is required to pay advance tax, federal govt, provincial govt, etc

which is not a direct tax, sales tax, FED, CVT etc

calculate Capital gain, if property purchased was 5 million, sold at 10 m, FBR access value at 8m

Who is liable to file I.T return , person (other than salaried)with income less than 4500,000, welfare org, etc

/1.Which tax fbr do not collect

2. Maximum cost involves for ADRC

3. Each fbr wing headed by

4. Which is not the wing of fbr

5. When did federal excise tax came into existence

6. Assistant commissioner can not exercise the power of .

7. Who appoint special audit panel

Sections pe time waste na kerna

Only conceptual base tayari kern

Which does not collect fbr : wealth tax

Person includes not fed govt , company , individual , company (none of these)

400,000 (tax rate 0%)

Tax reforms commission chairman (ishaq dar)

Draw back duty with in years ?

Insurance included in schedule ___ (2nd)

Cigarette exemption duty manufacturing for army , navy , air forces (none of these q k cigarette per charge hogi duty q k chahey civilian k lye ho ya army k lye)

Black list taxpayer by chief comsioner does not applicable in case of : short payment

Time period condon it time by : fed Govt

Fail to furnish information penalty I think : 25000

Show cause notice of fedral exice act with in : 5 year

Capital asset does not include (consumabale store or stock in trade )

Record for maintain sale tax : 6 year

Federal exice act duty can not : fixed

How many tax payer register person in Pakistan (4 % , 8 % , 6 %) ans is none of these q k 1% hai

Quasai judicial order by : fbr

Arrestment : by assistant commissioner

Duplicate sale tax document (1000, 100 ,none of these), none of these it is 100

Volunatary tax scehem : purpose I think for money laundering takai loug apna paisa laye aur tax dai vouluntary phr un k against koi proceeding nh hogi

ale tax...voluntary...tax year-12 month...FEA 2005 force..trc chairman...f4scal law imposed..ioco headed..se 35...tax collect..total population tax

some mcqs for in land revenue inspector

Pakistan Fiscal year starts from:

a) 1st September

b) 1st January

c) 1st April

d) 1st July

2. Which is provincial tax in Pakistan?

a) Excise tax

b) Sales Tax

c) Import Duty

d) Motors token tax

3. There is how many chapters included in Income Tax Ordinance?

a) 11 Chapters

b) 12 Chapters

c) 13 Chapters

d) 14 Chapters

4. There is how many schedules included in Income Tax Ordinance 2001?

a) 9 Schedules

b) 6 Schedules

c) 7 Schedules

d) 8 Schedules

5. There is how many sections included in Income Tax Ordinance 2001?

a) 235 sections

b) 240 sections

c) 250 sections

d) 260 sections

6. Corporate tax is levied on:

a) Landlords

b) Municipal corporation

c) Joint stock companies

d) Importers

7. Central Excise Act, 1944 was repealed by

a) The Federal Excise Act, 2002

b) The federal Excise Act, 2004

c) The Federal Excise Act, 2005

d) The Federal Excise Act, 2007

8. Name of Central Excise Duty has been changed as a Federal Excise Duty on

a) 1st July, 2003

b) 1st July, 2005

c) 1st July, 2007

d) 1st July, 2008

9. Inland Revenue Wing of the FBR was created, which is combination of ___________ domestic taxes.

a) 3

b) 4

c) 5

d) 6

10. If we deduct direct tax from personal income, we get:

a) Net national income

b) Personal saving

c) Disposable income

d) Per capita income

11. The largest part of national income is

a) Consumption

b) Investment

c) Transfer payments

d) Saving

12. We measure national income by this method:

a) Expenditure Method

b) Income Method

c) Product Method

d) All of above

13. The most important source of a government is:

a) Foreign loans

b) Taxes

c) Printing of new money

d) Sale of government property

14. In Pakistan, taxes are levied by:

a) Prime minister of Pakistan

b) President of Pakistan

c) Federal Cabinet of ministers

d) National Assembly

15. Government finance is called

a) National Finance

b) Public finance

c) Private finance

d) Both a and b

16. A direct tax is that which:

a) Is heavy burden on the tax payer

b) Can be directly deposited in the banks

c) Cannot be evaded

d) Is paid by the person on whom it is levied

17. In Pakistan government budget is prepared by:

a) National Assembly

b) President of Pakistan

c) Ministry of Finance

d) State Bank of Pakistan

18. If government increases taxes, private savings:

a) Increase

b) Decrease

c) Do not change

d) Will become zero

19. Taxes on commodities are :

a) Direct taxes

b) Indirect taxes

c) Progressive taxes

d) Proportional tax

20. Govt. Prepared its budget:

a) Weekly

b) Monthly

c) Annually

d) Quarterly

21. It is direct tax:

a) Excise tax

b) Sale tax

c) Income tax

d) Custom duty

22. Which tax is not shared between central and provincial governments?

a) Excise tax

b) Sales tax

c) Custom duty

d) Property tax

23. Which is provincial tax in Pakistan?

a) Excise tax

b) Sales tax

c) Import duty

d) Motor token tax

24. The budget estimate prepared by ministry of finance is finally approved by:

a) State Bank

b) President

c) Senate

d) National Assembly

25. Devaluation means

a) Change in the currency of a country

b) Decrease in the value of gold

c) Decrease in the value of money in terms of foreign currency

d) Decrease in the value of money internally

26. When the central Board of Revenue (CBR) was established?

a) 1st April, 1924

b) 7th April, 1924

c) 6th April, 1924

d) 9th April, 1924

27. What is the main function of money?

a) To buy eatables from the market

b) To serve as a medium of exchange

c) To earn interest from a bank

d) To buy luxurious goods

28. A direct tax is that which:

a) Is heavy burden on the tax payers

b) Can be directly deposited in the banks

c) Cannot be evaded

d) Is paid by the person on whom it is levied

29. Special procedure under the title of Sales Ta special procedure (Withholding Tax) Rules 2007 was introduced on:

a) 20th June 2007

b) 10th June 2007

c) 30th June 2007

d) 25th June 2007

30. Whom of the following propounded principles of taxation:

a) Keynes

b) Marshall

c) Adam Smith

d) Al Ghaali

31. There is how many schedules included in the Sales Tax Act, 1990?

a) 9 schedules

b) 6 schedules

c) 7 schedules

d) 8 schedules

32. There is how many sections included in the Sales Tax Act. 1990?

a) 75 Sections

b) 80 sections

c) 85 sections

d) 95 sections

33. Which section of sales tax act, 1990 deals with Special Audit by Chartered Accountants or Cost Accountants?

a) 29

b) 30

c) 31

d) 32-A

34. Which Section of the Sales Tax Act, 1990 deals with offences and penalities?

a) 33

b) 34

c) 35

d) 36

35. No person other than a ________ shall make any deduction or reclaim input tax in respect of taxable supplies made or to be made by him.

a) Unregistered person

b) Registered person

c) Association

d) None of these

36. In Pakistan, income tax is collected by:

a) Local govt.

b) Provincial govt.

c) Federal govt.

d) All governments

37. Sales tax in Pakistan is:

a) Direct and progressive

b) Direct and proportional

c) Indirect and progressive

d) Indirect and proportional

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