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FBR Test → FPSC Inspector Inland Revenue Test → Taxation Quizzes, Tax related Multiple Choice Questions (MCQs) Test with Answers. FPSC, NTS, PPSC, SPSC, KPPSC Test Preparation Material.
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36. In general, according to Sales Tax Act 1990, tax period is a period of
(A) one month
(B) six months
(C) nine months
(D) one year
37. The due date to furnish a return at the end of the tax period is the _____ day of the following month.
(A) 7th
(B) 10th
(C) 15th
(D) 18th
38. A computerized program for analysing and cross-matching of sales tax returns is called
(A) Matlab
(B) SPSS
(C) SAS
(D) CREST
39. Cottage industry means a manufacturer whose annual turnover from taxable supplies made in any tax period during the last twelve months ending any tax period does not exceed
(A) Rs. 1.00 million
(B) Rs. 5.00 million
(C) Rs. 10.0 million
(D) Rs. 100 million
40. Local supplies of goods made by a cottage industry are exempt from
(A) Income Tax
(B) Sales Tax
(C) Capital Value Tax
(D) Federal Excise Duty
41. General Sales Tax (GST) is charged on
(A) Selling Price
(B) Retail Price
(C) Manufacturing Cost
(D) None of these
ANSWERS: TAXATION QUIZZES
36. (A) one month
37. (C) 15th
38. (D) CREST
39. (C) Rs. 10.0 million
40. (B) Sales Tax
41. (B) Retail Price