FPSC Inland Revenue MCQs Test, Past Papers Questions

FBR | Functions | Inland Revenue | Taxation | Sales | Income | Excise | Fiscal Policy

FPSC Inland Revenue MCQs Questions with Answers. FPSC Inspector Inland Revenue Test Past Papers MCQs. Federal Board of Revenue (FBR) Test Questions and Answers Preparation Material.

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Inland Revenue MCQs Test Questions

Q. Capital Value Tax is payable for purchases or a right to use for more than
(A) 5 years
(B) 10 Years
(C) 15 years
(D) 20 years

The answer is: (D) 20 years ☑

Q. The Inland Revenue department for tax collection is a part of
(A) FBR
(B) state bank
(C) provincial finance ministry
(D) federal finance ministry

The answer is: (A) FBR ☑
The Inland Revenue department is a wing of Federal Board of Revenue (FBR).

Q. The Inland Revenue wing of the FBR is responsible to collect
(A) Income Tax
(B) Sales Tax
(C) Federal Excise Duty
(D) All of the above

The answer is: (D) All of the above ☑

Q. All budget and policy matters relating to dutiable / taxable goods and services is the responsibility of
(A) Chief IR (HQs)
(B) Chief (ST/FED – Policy)
(C) Chief (Income Tax – Policy)
(D) Chief IR (Operations)

The answer is: (B) Chief (ST/FED – Policy) ☑

Q. The each chief of the three Chiefs Inland Revenue (IR) is assisted by Secretary and Second Secretary and _____ RTOs/LTUs offices.
(A) 5
(B) 6
(C) 7
(D) 8

The answer is: (C) 7 ☑

Q. Which from the following sections work under the Chief (Income Tax – Policy)?
(A) Secretary (ITP) and Secretary (WHT)
(B) Secretary (ITP) , Secretary (WHT) and Secretary (Exemptions)/(I.T Rules)
(C) Secretary (ITP) , Secretary (WHT) and Secretary (International Taxes)
(D) Secretary (ITP) , Secretary (WHT), Secretary (Exemptions)/(I.T Rules) and Secretary (International Taxes)

The answer is: (D) Secretary (ITP) , Secretary (WHT), Secretary (Exemptions)/(I.T Rules) and Secretary (International Taxes) ☑

Inland Revenue MCQs

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