(A) Items sold as in retail packing
(B) Exempt items
(C) Zero rated items
(D) Electronic items
Answer: (A) Items sold as in retail packing
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).
Sales Tax charged at the time of sales is called:
(A) Output Tax
(B) Purchase Tax
(C) Input Tax
(D) Sales Tax
Answer: (A) Output Tax
Sales Tax charged at the time of purchase is called:
(A) Output Tax
(B) Purchase Tax
(C) Sales Tax
(D) Input Tax
Answer: (D) Input Tax
Which is/are not a head of income as per Income Tax Ordinance 2001?
(A) Interest Income
(B) Dividend Income
(C) Income from business
(D) Both A and B
Answer: (D) Both A and B
How many heads of income are defined Income Tax Ordinance 2001?
(A) 3
(B) 5
(C) 6
(D) 8
Answer: (B) 5