Quiz of Income Tax Ordinance

Post Views: 2,878

Quiz of Income Tax Ordinance are important for those students who are preparing for the test of Inspector Inland Revenue. It is important for you to practice them at least three times before appearing in the test.

If you would like to qualify the test then you must practice it regularly. We will upload quiz on regular basis, so you need to visit it regularly for new quizzes. If you have not gone through MCQs of Income Tax Ordinance then you can read them first and practice these quizzes. You will get great remarks. I hope you will enjoy these Quiz of Income Tax Ordinance.

You may also practice other sections of Inspector Inland Revenue Syllabus and Video Lecture of Fiscal Policy

Please wait while the activity loads.
If this activity does not load, try refreshing your browser. Also, this page requires javascript. Please visit using a browser with javascript enabled.

If loading fails, click here to try again

Congratulations - you have completed Quiz of Income Tax Ordinance. You scored %%SCORE%% out of %%TOTAL%%. Your performance has been rated as %%RATING%%

Your answers are highlighted below.

Question 1

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

Question 2

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

Question 3

In which section of Income Tax Ordinance of 2001 tax concession is discussed?

A	51
B	52
C	53
D	54

Question 4

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

Question 5

Salary as the head of income is discussed under ______ part of chapter third of Income Tax Ordinance 2001?

A	Second
B	Third
C	Fourth
D	NOT

Question 6

If a person gains income from immovable property, then it falls under _______ head of Income?

A	Salary
B	Business
C	Property
D	NOT

Question 7

Income from moveable property falls under which head of income?

A	Business
B	Property
C	Salary
D	NOT

Question 8

Foreign government officials are exempted from income tax under section _____ of Income Tax Ordinance 2001?

A	41
B	42
C	43
D	44

Question 9

Income from other sources is discussed under which section of Income Tax Ordinance 2001?

A	37
B	38
C	39
D	40

Question 10

According to section 49 of Income Tax Ordinance 2001, __________ are exempted from income tax?

A	Local government
B	Provincial government
C	Federal government
D	AOT

Question 11

What is the period mentioned for the short-term resident individual under section 50 of the Income Tax Ordinance 2001?

A	2 years
B	3 years
C	4 years
D	NOT

Question 12

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

Question 13

How much period an individual is not asked to pay income tax if he returns to Pakistan from foreign for the rest of his life?

A	3 preceding years and 1 next year
B	4 preceding years and 1 next year
C	2 preceding years and 2 next years
D	3 preceding years and 3 next years

Question 14

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

Question 15

If the income of the provincial or local government is derived from business carried outside its jurisdiction shall be ___________?

A	Payable tax under salary income head
B	Payable tax under business income head
C	Not payable tax under Income Tax Ordinance
D	NOT

Question 16

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

Question 17

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

Question 18

Section 16 of Income tax ordinance 2001 explains about_________?

A	Income from property
B	Non-adjustable amount
C	Both a and b
D	NOT

Question 19

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

Question 20

5^th head of Income deals with _____________?

A	Property
B	Salary
C	Other sources
D	Business

Question 21

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

Question 22

Section 11 of Income Tax Ordinance deals with ___________?

A	Total Income
B	Taxable Income
C	Heads of Income
D	NOT

Question 23

Exemption and tax concessions in Income Tax Ordinance are discussed under chapter?

A	2nd
B	3rd
C	4th
D	NOT

Question 24

Heads of income are discussed in which chapter of Income Tax Ordinance 2001?

A	1st
B	2nd
C	3rd
D	4th

Question 25

According to which section of Income Tax Ordinance the income tax on agriculture is exempted?

A	16
B	13
C	41
D	14

Question 26

Agricultural income under Income Tax Ordinance is discussed under section _____?

A	40
B	41
C	42
D	43

Question 27

How many chapters are there in Income Tax Ordinance 2001?

A	6
B	10
C	11
D	13

Question 28

If a person comes to Pakistan and does service not more than three years then he is _______ income tax?

A	Required to pay
B	Exempted from
C	Both a and b
D	NOT

Question 29

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

Question 30

Deduction of losses are explained under _______ section of Income Tax Ordinance 2001?

A	35
B	36
C	37
D	38

Question 31

Salary includes__________?

A	Pay
B	Wages
C	Remuneration
D	Pension
E	AOT

Question 32

There are __________ heads of Income?

A	3
B	4
C	5
D	6

Question 33

Foreign source income of returning expatriates is discussed under which section of Income Tax Ordinance 2001?

A	50
B	51
C	52
D	53

Question 34

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

Question 35

4^th head of Income discusses about _____________?

A	Salary
B	Property
C	Business
D	Capital gains
E	NOT

Question 36

Exemption under international agreement is discussed under section ___________ of Income Tax Ordinance 2001?

A	39
B	41
C	42
D	44

Question 37

Tax concession and exemptions are discussed under ____ schedule of Income Tax Ordinance 2001?

A	1st
B	2nd
C	3rd
D	4th

Question 38

Income from property means__________?

A	Income from rent
B	Income from selling a house
C	Both a and b
D	NOT

Question 39

Section 55 of Income Tax Ordinance discusses about __________?

A	Exemption and tax provision in other laws
B	Exemption and tax concessions
C	Limitation of exemption
D	AOT

Question 40

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

Question 41

Speculation business is discussed under which section of Income Tax Ordinance 2001?

A	17
B	18
C	19
D	20

Question 42

President’s honors are exempted from the income tax according to ________ section Income Tax Ordinance 2001?

A	43
B	44
C	45
D	46

Question 43

Generally, the income of provincial and local governments are ________ in Pakistan?

A	Payable to income tax
B	Exempted from income tax
C	Both a and b
D	NOT

Question 44

First head of income is ___________?

A	Property
B	Salary
C	Business
D	Capital gain

Question 45

Chapter one of Income Tax Ordinance deals with _____?

A	Miscellaneous
B	Preliminary
C	Tax on taxable income
D	NOT

Question 46

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

Question 47

Employee share schemes are ______ in salary head of income.

A	Chargeable to tax
B	Not chargeable to tax
C	Optional
D	NOT

Question 48

Value of Perquisites is discussed under ____ section of Income Tax Ordinance 2001?

A	12
B	13
C	14
D	15

Question 49

Income from property is discussed under section ________of Income Tax Ordinance 2001?

A	14
B	15
C	16
D	NOT

Question 50

Chapter third of Income Tax Ordinance discusses about_________?

A	Tax on taxable income
B	Charge of tax
C	Common rules
D	NOT

Question 51

Capital gains are discussed under which section of Income Tax Ordinance 2001?

A	17
B	37
C	38
D	18

Question 52

Income Tax Ordinance 2001 became effective from ___________?

A	1st July 2001
B	13 September 2001
C	1st July 2002
D	1st June 2001

Question 53

Income Tax Ordinance 2001 was promulgated on __________?

A	1st July
B	13 September
C	1st June
D	31st July

Question 54

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

Question 55

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

Question 56

All foreign government officials are _________?

A	Required to pay income tax
B	Exempted from income tax
C	Both a and b
D	NOT

Question 57

Deduction in computing income chargeable under the head of income from other sources is explained under_________?

A	38
B	39
C	40
D	NOT

Question 58

Non-adjustable amounts received in relation to building fall under which head of income?

A	Business
B	Property
C	Salary
D	Capital Gain

Question 59

__________ sections in Income Tax Ordinance 2001?

A	49
B	76
C	24
D	242

Question 60

Income from business includes______?

A	Trade
B	Profession
C	Hire or lease of immoveable property
D	AOT

Question 61

Salary is discussed under section _______ of Income Tax Ordinance 2001?

A	11
B	12
C	13
D	14

Question 62

Income Tax Ordinance 2001 extends to __________?

A	Punjab
B	Sindh
C	Whole Pakistan
D	KPK

Question 63

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

Question 64

There are _______ schedules in Income Tax Ordinance 2001?

A	4
B	13
C	7
D	14

Question 65

Income from dividends and royalty fall under which head of income?

A	Property
B	Salary
C	Business
D	Other sources

Question 66

Scholarships are exempted from income tax under which section?

A	45
B	46
C	47
D	48

Question 67

Employee share schemes are discussed under which section of Income Tax Ordinance 2001?

A	11
B	12
C	13
D	14

Question 68

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

Question 69

Second head of income explains about________?

A	Business
B	Property
C	Capital Gain
D	Salary
E	Other sources

Question 70

The exemption of income tax is limited to ____________?

A	Any person receiving payment from the government
B	Original recipient
C	Both a and b
D	NOT

Question 71

If a tax is exempted, reduced, or decreased the liability of tax is not effective until it is validated under______________?

A	Sales Tax Act
B	Income Tax Ordinance
C	Federal Excise Duty
D	NOT

Question 72

The income of the Federal Government shall be exempt from tax under section _____ of Income Tax Ordinance 2001?

A	49
B	47
C	45
D	43

Question 73

Third head of Income deals with _____________?

A	Salary
B	Business
C	Property
D	Capital gain

Question 74

Exemption and tax provision in other laws are discussed under section _________ of Income Tax Ordinance 2001?

A	51
B	53
C	54
D	55

Once you are finished, click the button below. Any items you have not completed will be marked incorrect. Get Results

There are 74 questions to complete.