Inspector IRS questions
 

- about FBR head? Chairman

- In order to remove impediments from performing government functions, secretary finance was separated from FBR and FBR was created Division.

-English: Synonyms, blanks and Punctuation.
synonyms: hackneyed, Assuage

- number of functional, Supportive and Operational members.

- creation of FBR from CBR? Revenue Act 2007

- KIBOR? Karachi Inter bank offered rate

- Definitions from Section 2

- Promulgation dates from Acts and ordinance

- Hardly 10 questions were about sections.

There were questions regarding Appeals, Income tax, Zero rating, exemptions, penalties, few questions related to Income and income tax, taxing regarding senior citizens, time period of filling of appeals etc.

[QUOTE=AmjadSiyal;814133]- about FBR head? Chairman

- In order to remove impediments from performing government functions, secretary finance was separated from FBR and FBR was created Division.

-English: Synonyms, blanks and Punctuation.
synonyms: hackneyed, Assuage

- creation of FBR from CBR? Revenue Act 2007

- KIBOR? Karachi Inter bank offered rate

- Definitions from Section 2

- Promulgation dates from Acts and ordinance

- Hardly 10 questions were about sections.

There were questions regarding Appeals, Income tax, Zero rating, exemptions, penalties, few questions related to Income and income tax, taxing regarding senior citizens, time period of filling of appeals etc.[/QUOTE]

please share some more question

[QUOTE=unknown guy;814134]please share some more question[/QUOTE]
-Ordinance and acts contained total number of section?

- Salaries from other sources?

- definition of salaries

- agricultural income exemptions and taxable

- dividend

- rent

All question s were mcq's ?

[QUOTE=haroonab23;814139]All question s were mcq's ?[/QUOTE]
Yes. 100 MCQs

Tax rates diya huway thay kia to calculate tax...... Dates kaha say yaad karien promulgation ka

thanks for sharing dear !
all members are requested to please share more Questions

[QUOTE=raazid;814149]Tax rates diya huway thay kia to calculate tax...... Dates kaha say yaad karien promulgation ka[/QUOTE]

Takes rates like one has above 400,000 income what will be the tax? Etc.

A senior citizen aged 55/60 his income 600,000 etc.

[QUOTE=raazid;814149]Tax rates diya huway thay kia to calculate tax...... Dates kaha say yaad karien promulgation ka[/QUOTE]

Takes rates like one has above 400,000 income what will be the tax? Etc.

A senior citizen aged 55/60 his income 600,000 etc.

Dates like promulgation date of Income tax ordinance and acts. Date on which it became effective.

Any other question?

[QUOTE=NASSEEM;814159]Any other question?[/QUOTE]
That's all I remember.

[QUOTE=AmjadSiyal;814157]Takes rates like one has above 400,000 income what will be the tax? Etc.

A senior citizen aged 55/60 his income 600,000 etc.

Dates like promulgation date of Income tax ordinance and acts. Date on which it became effective.[/QUOTE]

I can't find the tax rates or the formulae for calculating Income tax. Where can I cover these from?

Repealed income tax ordinance

Salried person income of 350000 in 2013 and receive dividend income 90, 000 tax on divdend pay at source was 10, 000.. what was tax libility of that person for year
.a) zero b) 11, 000 c ) 10000 and d) none

Board can make rulea under sec ? STA

[QUOTE=MAHK;814176]Repealed income tax ordinance

Salried person income of 350000 in 2013 and receive dividend income 90, 000 tax on divdend pay at source was 10, 000.. what was tax libility of that person for year
.a) zero b) 11, 000 c ) 10000 and d) none

Board can make rulea under sec ? STA[/QUOTE]



Can anyone solve this numerical question?

[QUOTE=MAHK;814176]Repealed income tax ordinance

Salried person income of 350000 in 2013 and receive dividend income 90, 000 tax on divdend pay at source was 10, 000.. what was tax libility of that person for year
.a) zero b) 11, 000 c ) 10000 and d) none

Board can make rulea under sec ? STA[/QUOTE]

make rules under sec 237

[QUOTE=Mohammad Ali;814186]Can anyone solve this numerical question?[/QUOTE]
Zero

Tax imposed in Pakistan? national assembly
tax imposed on telecom sector? 21%
question regarding accounting(accrual)

[QUOTE=Siraj latif;814276]Tax imposed in Pakistan? national assembly
tax imposed on telecom sector? 21%
question regarding accounting(accrual)[/QUOTE]

on telecom sector it is 18.5 % FED ..correct me if i m wrong o.O

All English Section was from the book 'Discovering The World of English'

Was not really difficult

[QUOTE=sumair tariq;814281]All English Section was from the book 'Discovering The World of English'[/QUOTE]

writer? publisher? price?

Discovering The World of English'
By Saadat Ali Shah

Example of Tax payer ____ A) WAPDA B) LESCO C) SALARIED PERSON D) ALL OF THESE


The correct answer is perhaps D, because WAPDA and LESCO are registered under Income Tax Ordinance, 2001; they have to deduct taxes -- they are withholding agents, but FPSC cannot understand this because this question is taken from the book of Doggar Publishers, the book says only option C is right, that is, only a salaried person is taxpayer. The professional test part was very unprofessional.

It is clearly mentioned in section 2 (66b) of Income Tax Ordinance, 2001 that every person who deducts income tax under the Ordinance is a taxpayer; doesn't LESCO, a tax deduction authority, file income tax deduction statements to FBR? It does, and so does WAPDA. Yet, Doggar Publishers has the wrong answer and I am afraid FPSC that is already influenced by Doggar Publishers will deem the wrong answer right.

[QUOTE=sumair tariq;814281]All English Section was from the book 'Discovering The World of English'[/QUOTE]

Please mention the name of writer above the said book

[QUOTE=Ana;814305]Discovering The World of English'
By Saadat Ali Shah[/QUOTE]

Exploring the world of English By Sayyid Saadat Ali Shah

[QUOTE=sumair tariq;814281]All English Section was from the book 'Discovering The World of English'[/QUOTE]

Please mention the name of writer

[QUOTE=unknown guy;814134]please share some more question[/QUOTE]

1Taxs levied by
2Exemption section in STA
3Cost and charter accountant
4 About accrual basic
5Exempted schedule in sale tax act
6Gold handshake is exempted
7Direct tax percentage in total tax revenue
8Special audit is conducted
9Reference to the high court can be filled within how many days
10Faliure to notify registration charge

Test was not that much difficult. I took it with one day preparation, though managed to do many questions correctly. English portion was easy; synonyms were a bit difficult but if you read the four options, in every three options there were the words which were likely contrduct to each other except one option that contained all words synonyms and that was the right option. Both Punctuation and blanks were easier. As far as the second portion is concerned, I found many qustions related to economics; basict terms and the paper checker questioned mostly basic questions. I think, the candidate having more or less 15 days preparation, would have done in it perfectly. I myself, with one day preparation due to short of time, managed to do well. Many questions were just common sense; regular dawn reader of business pages could answer them correctly except some laws and couple of problems.

[QUOTE=exclusively;814364]Test was not that much difficult. I took it with one day preparation, though managed to do many questions correctly. English portion was easy; synonyms were a bit difficult but if you read the four options, in every three options there were the words which were likely contrduct to each other except one option that contained all words synonyms and that was the right option. Both Punctuation and blanks were easier. As far as the second portion is concerned, I found many qustions related to economics; basict terms and the paper checker questioned mostly basic questions. I think, the candidate having more or less 15 days preparation, would have done in it perfectly. I myself, with one day preparation due to short of time, managed to do well. Many questions were just common sense; regular dawn reader of business pages could answer them correctly except some laws and couple of problems.[/QUOTE]

not dear english vocab portion was tough

many question are coming from heads of income
alongside some conceptual

which is not principle of taxation

principle of certainity
principle of economy
principle of secrecy
non of these ?

[QUOTE=haseebbaloch;814375]which is not principle of taxation

principle of certainity
principle of economy
principle of secrecy
non of these ?[/QUOTE]

I wrote secrecy. Don't know whether correct or not.

Another mcq:

In order to remove impediments in the exercise of administrative powers of a Secretary to the Government and effective formulation and implementation of fiscal policy measures, the status of FBR as a Revenue Division was restored under;

I wrote Ministry of Finance.

[b]principle of secrecy[/b]

Antonyms of the following
1. Vertiginous
2. Pervino (something like that)
3. Rabble
4. Lapidarian

dears apne observe kia k ek mcqs concerned with FBR responsibility wala 2 times repeat howa tha

jis ka answer D all of these tha

so guys ? does this mark include or exclude ?

[QUOTE=haseebbaloch;814388]dears apne observe kia k ek mcqs concerned with FBR responsibility wala 2 times repeat howa tha

jis ka answer D all of these tha

so guys ? does this mark include or exclude ?[/QUOTE]

Yes. Same question was repeated with the same options in answer. As the result is auto-generated, I think there will be no issue. Those who have opted for 'D' twice will get two marks.

[QUOTE=Alexkahn;814387]Antonyms of the following
1. Vertiginous
2. Pervino (something like that)
3. Rabble
4. Lapidarian[/QUOTE]

1 horizontal
2 dont no
3 order
4 inelegant

[QUOTE=Alexkahn;814385]I wrote secrecy. Don't know whether correct or not.

Another mcq:

In order to remove impediments in the exercise of administrative powers of a Secretary to the Government and effective formulation and implementation of fiscal policy measures, the status of FBR as a Revenue Division was restored under;

I wrote Ministry of Finance.[/QUOTE]

i also write but has doubt

excepting 60 +

[QUOTE=haseebbaloch;814391]1 horizontal
2 dont no
3 order
4 inelegant[/QUOTE]

Horizontal is opposite in meaning to Vertical. The correct answer (antonym) for Vertiginous will be Lowly, I believe.

[QUOTE=haseebbaloch;814392]i also write but has doubt

excepting 60 +[/QUOTE]

I just checked it. It is correct. I am expecting something between 50 and 60.