51. Any Pakistan source income which Pakistan is not permitted to tax under a tax treaty shall be exempt from tax under section _________ of Income Tax Ordinance 2001?
a. 43
b. 44
c. 45
d. 46
52. If Ali gets an owner by the president of Pakistan, these allowance attached to Ali’s salary as the honor of president is ___________ income tax.
a. Chargeable to
b. Exempted from
c. Optional
d. NOT
53. The honor, award, or medal awarded to a person by the president of Pakistan shall be _______?
a. Payable to income tax
b. Exempt from income tax
c. Both a and b
d. NOT
54. President’s honors are exempted from the income tax according to ________ section Income Tax Ordinance 2001?
a. 43
b. 44
c. 45
d. 46
55. A non-resident person gains profit on the debt is ___________ income tax?
a. Exempt from
b. Chargeable to
c. Both a and b
d. NOT
56. Under which section a non-resident person receiving profit on the security which is issued by the resident person is exempted from income tax?
a. 44
b. 45
c. 46
d. 47
57. The income in shape of scholarship is ___________ under Income Tax Ordinance 2001?
a. Exempted for income tax
b. Chargeable to income tax
c. Optional
d. NOT
58. Scholarships are exempted from income tax under which section?
a. 45
b. 46
c. 47
d. 48
59. Ali and Alina are husband and wife. If they get separated, then the support payment given by Ali to Alina is ____________?
a. Exempted from income tax
b. Chargeable to pay income tax
c. Optional
d. NOT
60. Which section of the Income Tax Ordinance allows exempting the support payments under an agreement to live apart?
a. 42
b. 44
c. 46
d. 48