21. Income from property means__________?
a. Income from rent
b. Income from selling a house
c. Both a and b
d. NOT
22. Non-adjustable amounts received in relation to building fall under which head of income?
a. Business
b. Property
c. Salary
d. Capital Gain
23. Section 16 of Income tax ordinance 2001 explains about_________?
a. Income from property
b. Non-adjustable amount
c. Both a and b
d. NOT
24. Third head of Income deals with _____________?
a. Salary
b. Business
c. Property
d. Capital gain
25. When an agriculturist provides services under the federal department of Pakistan and he gets a decent income. This income will fall under _______ head?
a. Business
b. Property
c. Salary
d. Capital gain
26. When an agriculturist opens a store of agricultural medicine and he earns a fair income from it. This income will fall under___________ head?
a. Salary
b. Business
c. Property
d. NOT
27. If a person gains income from immovable property, then it falls under _______ head of Income?
a. Salary
b. Business
c. Property
d. NOT
28. Ali gives his car on rent to a person. The income he gets from renting a car falls under which head of income?
a. Salary
b. Property
c. Business
d. Capital gain
29. Income from moveable property falls under which head of income?
a. Business
b. Property
c. Salary
d. NOT
30. Income from business includes______?
a. Trade
b. Profession
c. Hire or lease of immoveable property
d. AOT
You may also check the MCQs of Functions of FBR