(A) 55%
(B) 65%
(C) 75%
(D) 85%
Answer: (C) 75%
Category: Federal Board Revenue (FBR) Past Papers Solved MCQs Questions
Federal Board Revenue (FBR) Past Papers Solved MCQs Questions with Answers. Federal Board Revenue (FBR) Test Preparation Material. The screening test for various jobs in FBR consists of 100 multiple choice questions from English grammar and Vocabulary, Functions of Federal Board of Revenue (FBR), Fiscal Policy of Pakistan
Tax Administration/Reforms in Pakistan, Sales Tax Act 1990 as amended upto July 2021, Federal Excise Act 2005 as amended upto July 2021, Income Tax Ordinance 2001 as amended upto June 2021 (Chapter-III & Part IV of Chapter-X only).
Capital are gains are taxed on what basis:
(A) Receipt basis
(B) Accrual basis
(C) Both A and B
(D) None of these
Answer: (C) Both A and B
Receipt and accrual basis on option of tax payer.
Income from property are taxed on what basis:
(A) Accrual basis
(B) Receipt basis
(C) Spending basis
(D) None of these
Answer: (A) Accrual basis
Income from other resources is taxed on what basis:
(A) Receipt basis
(B) Accrual basis
(C) Spending basis
(D) Charged basis
Answer: (A) Receipt basis
What items are included in 5th schedule to the Sales Tax:
A) Items sold as in retail packing
(B) Exempt items
(C) Zero rated items
(D) Electronic items
Answer: (C) Zero rated items