81. Carry forward for business losses is discussed under section __ of Income Tax Ordinance 2001?
a. 55
b. 56
c. 56A
d. 57
82. Set off of business loss consequent to amalgamation is explained under which section _______?
a. 56
b. 56A
c. 57A
d. 57
83. As a result of the amalgamation of two companies, the set-off losses can be carried forward for the year____________?
a. 3
b. 4
c. 6
d. 9
84. Carry forward of speculation business losses is discussed under section__________?
a. 59
b. 58
c. 57
d. 56
85. Section 59 of Income Tax Ordinance deals with _______?
a. Carry forward of capital losses
b. Carry forward of speculation business
c. Carry forward of business losses
d. NOT
86. Limitations on set off and carry forward of losses are discussed under section ______?
a. 57A
b. 56A
c. 59A
d. NOT
87. The loss in the income of the association ___________ personal income.
a. Can be set-off
b. Cannot be set-off
c. Optional
d. NOT
88. Section 59AA discusses about _______________?
a. Group taxation
b. Holding companies
c. Subsidiary companies
d. AOT
89. Holding companies and subsidiary companies of 100% owned group may opt to be taxed as one _______?
a. Tax unit
b. Fiscal unit
c. Relief unit
d. NOT
90. Group relief is discussed under section ________ of Income Tax Ordinance 2001.
a. 57A
b. 59A
c. 59B
d. NOT