MCQs

Explanation
 It extends to the whole of Pakistan.

Explanation
In  a  nonprofit organization, income is n ot distributed to the group's members, directors, or officers.inlam

Explanation
National Clearing Company of Pakistan Limited , which collects capital gains tax on shares, has determined the value of shares for CGT based on this formula in accordance with Section 37a of ITO 2001.

Explanation
The term minor refers to a person who is under the "age of majority"

Explanation
The Karachi Interbank Offered Rate, commonly known as KIBOR, is a daily reference rate based on the interest rates at which banks offer to lend unsecured funds to other banks in the Karachi wholesale money market.

Explanation

Explanation
A joint-stock company is a business owned by its investors, with each investor owning a share based on the amount of stock purchased.

Explanation
Income tax ordinance, 2001 became effective from 1st July 2002.

Explanation
There is a provincial tax levied on the value of property, with the rates varying between provinces.  vehicle token tax online in Punjab without the hassle of visiting the Excise and Taxation Department avoiding long queues and saving precious time.

Explanation
FBR operates through tax inspectors that keep tax evaders under surveillance and perform special tasks for FBR Headquarters. 

Explanation
Majority of the revenue collected by the government is in the forms of taxes i. e. both direct taxes  and indirect taxes .

Explanation
National Income is the total income value of the goods and services produced by the residents of a country, usually during the period of one year. 

Explanation
Disposable income is net income. I t's the amount left over after taxes . · Discretionary income is the amount of net income remaining after all basic necessities .

Explanation
The Federal Excise Act, 2005 , was promulgated with effect from 1st July, 2005, repealing the Central Excises Act, 1944.

Explanation
The Federal Excise Act, 2005, was promulgated with effect from 1st July, 2005, repealing the Central Excises Act, 1944.

Explanation
A joint-stock company is a business owned by its investors, with each investor owning a share based on the amount of stock purchased.

Explanation
Income tax ordinance, 2001 became effective from 1st July 2002.

Explanation
There is a provincial tax levied on the value of property, with the rates varying between provinces.  vehicle token tax online in Punjab without the hassle of visiting the Excise and Taxation Department avoiding long queues and saving precious time.

Explanation