11. Section 11 of Income Tax Ordinance deals with ___________?
a. Total Income
b. Taxable Income
c. Heads of Income
d. NOT
12. First head of income is ___________?
a. Property
b. Salary
c. Business
d. Capital gain
13. Salary as the head of income is discussed under ______ part of chapter third of Income Tax Ordinance 2001?
a. Second
b. Third
c. Fourth
d. NOT
14. Salary is discussed under section _______ of Income Tax Ordinance 2001?
a. 11
b. 12
c. 13
d. 14
15. Value of Perquisites is discussed under ____ section of Income Tax Ordinance 2001?
a. 12
b. 13
c. 14
d. 15
16. Employee share schemes are discussed under which section of Income Tax Ordinance 2001?
a. 11
b. 12
c. 13
d. 14
17. Salary includes__________?
a. Pay
b. Wages
c. Remuneration
d. Pension
e. AOT
18. Employee share schemes are ______ in salary head of income.
a. Chargeable to tax
b. Not chargeable to tax
c. Optional
d. NOT
19. Second head of income explains about________?
a. Business
b. Property
c. Capital Gain
d. Salary
e. Other sources
20. Income from property is discussed under section ________of Income Tax Ordinance 2001?
a. 14
b. 15
c. 16
d. NOT
You can check MCQs of Federal Excise Act, 2005