Commerce Most Important Solved MCQs Online Test No. 45

Online Free Taleem is free online MCQ’s test related to Lecturer Commerce. All the individuals who are going to appear in PPSC, FPSC, KKPSC, SPSC, BPSC, AJ&KPSC, NTS, Lecturer Commerce written test can attempt these tests in order to prepare for it in best possible way. Our tests of Lecturer of Commerce include all the important questions and Past Paper of  Lecturer Commerce, that have extremely high amount of chances for been included in the actual exam which make our test undoubtedly the best source of preparation.


There will be 25 multiple choice question in the test.
Answer of the questions will change randomly each time you start this test.
Practice this test at least 5 times if you want to secure High Marks.
At the End of the Test you can see your Test score and Rating.
If you found any incorrect answer in Quiz. Simply click on the quiz title and comment below on that MCQ. So that I can update the incorrect answer on time.

Please Click Below START  Button to Take this Commerce Test Online.

Test Instructions:-
Test Name Lecturer Commerce
Subject Commerce Test 45
Test Type MCQs
Total Questions 25
Total Time 20 Minutes
Total Marks 100

You have 20 minutes to pass to the quiz.

Lecturer Commerce Online Test No. 45

1 / 25

According to section 114 of income tax ordinance 2001, it is necessary for the persons to furnish the returns of income:

2 / 25

Assets on which depreciation is allowed:

3 / 25

How many cycle of assessment:

4 / 25

Reasons of depreciation are:

5 / 25

Assessment means process of:

6 / 25

The word depreciation has not been defined in Income Tax Ordinance 2001 however it means a:

7 / 25

Kinds of depreciation are:

8 / 25

Section 60 to 65 of income tax ordinance are relating to:

9 / 25

Section 39 of Income Tax Ordinance 2001 enumerates the income from:

10 / 25

In case of company who tax year ends between 1st January and 30th June, the time for filing return is upto:

11 / 25

Who can amend the assessment:

12 / 25

What include in income from other source i.e.

13 / 25

Income from other sources which are not taxable but included in income from other sources:

14 / 25

Income tax is an annual charges upon a person deriving such income during tax:

15 / 25

Capital gain is the fourth source of income for a person and is chargeable to tax under the head of "Capital gain".

16 / 25

Time for application for the registration of firm is:

17 / 25

Section 41 to 56 of the Income Tax Ordinance 2001 deal with the exemptions and tax concessions available to a tax payer:

18 / 25

The persons who can file appeal in income tax ordinance 2001 are:

19 / 25

Persons who are not required to furnish a return of income for a tax year are:

20 / 25

A firm is an association of person for the purpose of:

21 / 25

Return is a statement by which assesses shows his income:

22 / 25

Deductions are admissible under section 40 of Income Tax Ordinance 2001:

23 / 25

Classification of income of the person under five different heads does:

24 / 25

Grounds for extension of filing of return provided by tax payer (assessee) are:

25 / 25

Section 120 to 126 of Income Tax Ordinance 2001, are relating to:

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