MCQs of Income Tax

41. Exemption and tax concessions in Income Tax Ordinance are discussed under chapter?
a. 2nd
b. 3rd
c. 4th
d. NOT

 

42. Agricultural income under Income Tax Ordinance is discussed under section _____?
a. 40
b. 41
c. 42
d. 43

43. Any income which is derived from the source of agriculture is ________?
a. Chargeable to income tax
b. Exempted from income tax
c. Both a and b
d. NOT

44. According to which section of Income Tax Ordinance the income tax on agriculture is exempted?
a. 16
b. 13
c. 41
d. 14

45. Under which section of the Income Tax Ordinance, Diplomatic and United Nations officials will be exempted from income tax?
a. 41
b. 42
c. 43
d. 44

46. According to ____________act a diplomatic officials are exempted from income tax?
a. Diplomatic and Consular Privileges Act 1969
b. UN Privileges and Immunities Act 1948
c. Diplomatic and Consular Privileges Act 1972
d. NOT

47. Which act exempted income tax from UN Officials?
a. UN Privileges and Immunities Act 1928
b. Diplomatic and Consular Privileges Act 1972
c. UN Privileges and Immunities Act 1948
d. AOT

48. All foreign government officials are _________?
a. Required to pay income tax
b. Exempted from income tax
c. Both a and b
d. NOT

49. Foreign government officials are exempted from income tax under section _____ of Income Tax Ordinance 2001?
a. 41
b. 42
c. 43
d. 44

50. Exemption under international agreement is discussed under section ___________ of Income Tax Ordinance 2001?
a. 39
b. 41
c. 42
d. 44