31. Speculation business is discussed under which section of Income Tax Ordinance 2001?
a. 17
b. 18
c. 19
d. 20
32. 4th head of Income discusses about _____________?
a. Salary
b. Property
c. Business
d. Capital gains
e. NOT
33. When a person sells his immovable property and he gets income from it. This income will fall under__________ head?
a. Property
b. Business
c. Capital gains
d. AOT
34. When Ali sells his services in a shop then he gets income that falls under______ head; however, if he sells the whole shop and gets income fall under _______ head.
a. Property, business
b. Business, property
c. Business, capital gains
d. Capital gains, business
35. Capital gains are discussed under which section of Income Tax Ordinance 2001?
a. 17
b. 37
c. 38
d. 18
36. Deduction of losses are explained under _______ section of Income Tax Ordinance 2001?
a. 35
b. 36
c. 37
d. 38
37. 5th head of Income deals with _____________?
a. Property
b. Salary
c. Other sources
d. Business
38. Income from other sources is discussed under which section of Income Tax Ordinance 2001?
a. 37
b. 38
c. 39
d. 40
39. Income from dividends and royalty fall under which head of income?
a. Property
b. Salary
c. Business
d. Other sources
40. Deduction in computing income chargeable under the head of income from other sources is explained under_________?
a. 38
b. 39
c. 40
d. NOT
You may also practic MCQs of Fiscal Policy of Pakistan