Commerce Most Important Solved MCQs Online Test No. 46

Penalty is a punishment:

Reference filed before High Court does not effect the recovery:

The principle of deduction of tax at source is applicable as under:

Whenever a case is reconsidered by the same or the higher administration authority it is known as:

The appellate tribunals is disposing of an appeal under section:

Who is entitled to claim refund:

Principles in respect of deduction are laid down:

Rectification of Mistakes is described under section:

Reference filed before High Court under section:

The highest executive authority of income tax in Pakistan is:

Different authorities of income tax are described in Income Tax Ordinance 2001 under section:

Section 170 of Income Tax Ordinance 2001 described the procedure of:

Any person without reasonable cause fails to maintain accounts, the penalty imposed is:

Any person conceals his income before tax authorities penalty imposed is:

Income tax authority mean such authority which are appointed for the administration of taxation system:

The principle of mens-rea is not applicable under the tax laws regarding:

Recovery proceeding can be initiated against defaulter of income tax by income tax authorities:

Any tax payer fails to pay the tax within specified time, the amount of penalty imposed is:

Alternative dispute resolution is described under section:

Deduction of tax at source have great importance:

Ignorance of law provides no defence against penal liability:

Service of Notices and other documents is described under section:

A tax payer can take back the amount which has been paid by him it is in excess this is called:

Authorities who can recover income tax:

Modes of Recovery of income tax under section 138 of income tax ordinance 2001 are: