PPSC & FPSC Past Papers, ISSB Test Notes,
PPSC & FPSC Test Preparation Notes.
FPSC FBR Inspector Inland Revenue Solved Paper 2017
Who is the Authority for arresting ? An Officer of Inland Revenue not below the rank of Assistant Commissioner
Who is empowered Arrears collection inland ? Commissioner
Federal Excise Law which deals with confiscate Cigarette & Beverages ? Ans sec 27 FEA
Income from hire or lease of tangible movable property? Shall be chargeable to Income tax under head Income from Businesse
What is meant by Income from Property in Income Tax Ordinance 2001? Property or Rental income from the lease immovable property in Pakistan
While calculating income from business, personal expenses are deductible are not? Not Deductible
Income from business ? Is subject to Income Tax
Companies are allowed to Tax credit on donations as per Income Tax Ordinance 2001? 20%
Authority to allow tax payment on installment? Chief Commissioner
Foreign Government Employees salary are subject to income tax or not.? Subject to Income Tax
ST Zero rated schedule ? Ans Sixth schedule to the Sales Tax Act, 1990. Zero Rating. Zero rated goods are those goods on which the impact of tax paid is offset by subsequently
Registered person can claim input tax for supplies on ? Business purchases and Imports
What is meant by schedule name? Ans (sales Tax+FEA)
Appeal to high court can be made in how many days ? 90 Days
What is meant by the cost of reference to high court ? Discretion of the high court
Default surcharge P/A at which rate
Duty free goods
Powers to arrest and prosecute given to an officer of inland revenue as per Section 37-A not below the rank of ? (A) chief Commissioner (B) Deputy Commissioner (C) Assistant Commissioner (D) None of these
“Schedule” mean
Tax Reforms in Pakistan financed by ? World Bank
Reducing reliance on WHT is
Re-engineering means in Tax reforms
Establishment of large tax payment
What is meant by Sales Tax period ? 30 Days
For how much time Gwadar free zone is exempted from sales tax and FED? Ans 23 years
How much Federal Excise Duty FED is charged on Cement? Rs. 1 Per KG
What is the threshold for cottage Industry? 10 Million
What is the capital gain tax on Immovable Property? 10% for Five Years
Dutiable goods are specified in which schedule? First Schedule
TARP environment term ex
FBR improves productivity
How many functions of FBR? (A) 22 (B) 30 (C) 15 (D) none of these (13)
FBR grant allowances, rewards
Direct tax is? Tax paid directly to Government such Income Tax, Property Tax or Tax on Assets
How to appoint E-Intermediary.
As per Salex Tax 1990 FBR follows which Procedure to arrest a person? 37B
Custom Duty will be paid in which bank? any designated bank branch
Government receipts consists of how many sources ? 4 (A. Revenue Receipts B. Capital Receipts C. External Resources D. Self Financing by Autonomous Bodies)
Which of the following is type of Revenue Receipts ? (A) Tax Revenue (B) Non Tax Revenue (C) Surcharge (D) All of the above.
Government of Pakistan Collects revenues from surcharges such as ? (A) Custom Duty (B) Income Tax (C) Natural Gas and Petroleum (D) None of these
Stay Up to Date With Whats Happening