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GUESS PAPER CODE 456 BUSINESS TAXATION for B A
Q 1: Define the following terms with reference to incomes Tax Ordinance 2001: (a) Income (b) Total Income (c) Taxable Income (d) Pakistan Source Income.
Q 2: Describe various types of retirement benefits provided to the salaried person. Discuss tax treatment for these benefit with the help of appropriate examples.
Q 3: Define depreciation. Explain four type of depreciation with reference to Income Tax Ordinance, 2001.
Q 4: What are the ways in which Commissioner Inland Revenue How (CIR) may recover the amount of tax payable by a person?
Q 5: How can you differentiate between capital and revenue expenditure? Why is this differentiation necessary from income tax viewpoint?
Q 6: Write a detailed note on compulsory registration under Sales Tax Act, 1990.
Q 7: (a) What do you know about output tax?
(b) Compute sales tax liability from the following particulars of a registered manufacturer; Mr. Muhammad Jamil.
GUESS PAPER CODE 456 BUSINESS TAXATION BACHELOR STUDENTS OF AIOU
Q 8: Define the following terms with reference to Income Tax Ordinance, 2001;
(a) Tax Year (b) Debt (C) Taxable Income (d) Total Income
Q 9: Describe various types of deductions and reductions allowed to an individual deriving salary income under Income Tax Ordinance, 200/ Also explain their rates.
Q 10: Define depreciation. Explain four type of depreciation with reference to Income Tax Ordinance, 2001.
Q 11: What are the various sources of income which are chargeable to tax under the head “Income from Other Sources”? Also enlist the allowable deduction under this head.
Q 12: Describe the self-assessment scheme. What are the requirements of completing a return of income under self-assessment scheme?
Q 13: Write a detailed note on registration by application under Sales Tax Act, 1990.
Q 14: (A) Define zero-rated supply.
(B) Computer sales tax payable from the following particulars of an importer: Mr. Ahsan Ahmed.
30 computers were imported @ Rs.20,000 per computer. 25 Computers were sold to registered person @ Rs.25,000 per computer. 4 Computers were sold to non-registered person @ Rs.25000 per computer. One (1) computer is donated to recognized educational institution.