BC 405 Business Taxation
Model Paper
GOVERNMENT COLLEGE UNIVERSITY, FAISALABAD
QUESTION PAPER FOR EXTERNAL EXAMINATION
B.Com. Part 2nd
Course Code: BC-405
Annual -2012
Course Title: Business Taxation
Time Allowed: 03:00 Hours
Maximum Marks: 100
Roll No.……………….
Pass Marks: 40%
________________________________________________________________
Note:
marks
Q. No.1
2001.
Attempt any five questions including Q#8, which is compulsory. All questions carry equal
Define and explain the following terms with reference to Income Tax Ordinance
a) Company
b) Pakistan Source Income
c) Principal Officer
d) Resident
Q. No.2 what are the different types of perquisites enjoyed by the salaried individuals? Discuss.
Q. No.3 a) what are the conditions laid down under the income tax ordinance for depreciation allowance? b) Explain the conditions and rates regarding initial allowance for depreciation.
Q. No.4 write short notes on the following:
a) Return of income as assessment
b) Provisional assessment
c) Amendment in assessment
d) Assessment of disputed property
Q. No.5
Discuss the composition of Appellate Tribunal Inland Revenue. What are the functions performed by it?
Q. No.6
Explain the following with reference to Sales Tax Act, 1990.
a) Value of Supply
b) Zero Rating
c) Sales Tax Return
Q. No.7 Mr. Muhammad Khurram is a registered manufacturer. Data regarding his business during
August 2010 is given below:
1. Taxable turnover to registered person
Rs. 20, 00,000
2. Taxable turnover to non registered person
(including the Amount of Sales Tax)
3. Sales to Retailers
3, 00,000
2, 20,000
Page 1 of 3
4. Exempted sales
2, 80,000
5. Supplies to DTRE registered persons
3, 50,000
6. Zero Rated supplies
2, 00,000
7. Taxable purchases from registered person
3, 00,000
8. Taxable purchases from non registered person
3, 50,000
9. Taxable purchases from wholesalers
1, 90,000
10. Purchased raw material (used taxable and exempt supplies)
3, 00,000
11. Acquisition of Fixed assets from Registered
GOVERNMENT COLLEGE UNIVERSITY, FAISALABAD
QUESTION PAPER FOR EXTERNAL EXAMINATION
B.Com. Part 2nd
Course Code: BC-405
Annual -2012
Course Title: Business Taxation
Time Allowed: 03:00 Hours
Maximum Marks: 100
Roll No.……………….
Pass Marks: 40%
________________________________________________________________
Note:
marks
Q. No.1
2001.
Attempt any five questions including Q#8, which is compulsory. All questions carry equal
Define and explain the following terms with reference to Income Tax Ordinance
a) Company
b) Pakistan Source Income
c) Principal Officer
d) Resident
Q. No.2 what are the different types of perquisites enjoyed by the salaried individuals? Discuss.
Q. No.3 a) what are the conditions laid down under the income tax ordinance for depreciation allowance? b) Explain the conditions and rates regarding initial allowance for depreciation.
Q. No.4 write short notes on the following:
a) Return of income as assessment
b) Provisional assessment
c) Amendment in assessment
d) Assessment of disputed property
Q. No.5
Discuss the composition of Appellate Tribunal Inland Revenue. What are the functions performed by it?
Q. No.6
Explain the following with reference to Sales Tax Act, 1990.
a) Value of Supply
b) Zero Rating
c) Sales Tax Return
Q. No.7 Mr. Muhammad Khurram is a registered manufacturer. Data regarding his business during
August 2010 is given below:
1. Taxable turnover to registered person
Rs. 20, 00,000
2. Taxable turnover to non registered person
(including the Amount of Sales Tax)
3. Sales to Retailers
3, 00,000
2, 20,000
Page 1 of 3
4. Exempted sales
2, 80,000
5. Supplies to DTRE registered persons
3, 50,000
6. Zero Rated supplies
2, 00,000
7. Taxable purchases from registered person
3, 00,000
8. Taxable purchases from non registered person
3, 50,000
9. Taxable purchases from wholesalers
1, 90,000
10. Purchased raw material (used taxable and exempt supplies)
3, 00,000
11. Acquisition of Fixed assets from Registered