Income tax objective questions from shil
ITO, 1984 Income Tax Ordinance , 1984 Bangladesh
© 2012. || All these Questions are prepared by Sazzad Hossain. - Student of Dept. of Accounting & Information Systems, Faculty of Business Studies, University of Dhaka. He is now in 5th semester of BBA. ||
TDS
Page 362 – 371
Questions:
1. The alternative of “after Tax Income” is called –
a. Withholding Tax Income
b. Pre-Tax Income
c. Disposable Income
d. Received Income
2. TDS is also known as –
a. TCS
b. Pre-paid Tax
c. Adjustable Tax
d. Withholding Tax
3. PAYE means-
a. Who pays tax
b. Pay as you earn
c. Pay Tax before Earings received
d. A tax collection authority
4. TDS referring sections are-
a. 42 – 56
b. 48 – 59
c. 48 – 63
d. 48 – 68
5. TDS rules are:
a. 12 – 20
b. 11 – 18
c. 9 – 16
d. 15 – 22
6. TDS is described in the chapter no ___ of ITO, 1984.
a. III
b. IX
c. XII
d. VII
7. How many income sources are subject to TDS in total as per ITO,1984 amended up to
FY 2011 – 2012 ?
a. 50
b. 64
c. 37
d. 44
8. Salary income is taxed at source at the rate of ____
a. 10%
b. Average rate
c. Not taxed at source
d. None of these !!
9. TDS on salaries is based on _____ rate.
a. Expected
b. Earned
c. Actual
d. B + C
10. When TDS is exempted?
A. For new assesse
B. When tax exempted
C. When its below TK. 1,80,000.00
D. B + C
11. TDS rates for Publicly Traded-Others Company ; Individual ; Cigarette manufacturer ; companies not publicly traded are –
A. 25% ; 35% ; 42.5% ; 45%
B. 27.5% ; 20% ; 35% ; 25%
C. 37.5% ; 27.5% ; 35% ; 20%
D. 27.5% ; 25% ; 42.5% ; 37.5%
12. Bangladesh bank Bill purchased by Eastern Bank Ltd. Will be TDS by?
A. 10%
B. 37.5%
C. 27.5%
D. Tax Exempted
13. Bangladesh Bank Bill purchased by money of gratuity fund will pay TDS at the rate of__.
A. 10%
B. 37.5%
C. 27.5%
D. Tax Exempted
14. MPs pay TDS at the rate of__.
A. 10%
B. 15.65%
C. Average rate
D. Tax Exempted
15. Rate of TDS on interest on security is –
A. 5%
B. 15%
C. 10%
D. Tax exempted
16. A company paid to its supply of goods bill of 850,000 Tk. And also bought oil of tk. 460,000 ; what will be the TDS ?
A. 12600 ; 2410
B. 12000 ; 1840
C. 11750 ; 1950
D. 10250 ; 2150
17. Intending commission & shipping agency commission rate of TDS are respectively ___ as per Rule __.
A. 7.5% ; 5% ; 17
B. 6% ; 10% ; 12
C. 5% ; 10% ; 16
D. None of these
18. When payments to contractors are made in installment basis, rate is applicable on___ basis.
A. Average rate
B. Profit
C. Payment of installment
D. Cumulative
19. TDS paid on royalty or technical know-how is treated as____.
A. Advanced Tax
B. Final tax
C. Pre-income advance tax
D. None of these
20. Rate of TDS for fess for professional & technical services is –
A. 5%
B. 15%
C. 20%
D. 10%
21. C&F agent’s rate of TDS is 10% according to___?
A. Section 56
B. Rule 17
C. Section 52AAA
D. Section 51BB
22. Cigarette manufacturers give TDS on____ at a rate of_____ .
A. Sales ; 10%
B. Bandrols ; 5%
C. Banderols ; 6%
D. None of these
23. Property situated in Cantonment will be liable for TDS on compensation against acquisition at the rate of ____ .
A. 5%
B. 2%
C. 0.25%
D. 10%
24. Maruf bought a savings security of tk. 9,00,000. He will pay TDS _____ ?
A. 90,000
B. 12,000
C. 60,500
D. 45,000
25. TDS on brick field is collected at the time of ____ .
A. Giving permission
B. Receiving payment
C. Returning submit
D. None of these
26. TDS for one and half section brick field is ____ .
A. 38,000
B. 45,000
C. 50,000
D. N/A
27. TDS collected from commission on L/Cs are ___ ?
A. 2.5%
B. 5%
C. 10%
D. N/A
28. Renewal of trade license TDS is –
A. 5%
B. Tk. 5000
C. Tk. 1500
D. Tk. 500
29. TDS rate of freight forwarding agency is –
A. 15%
B. 5%
C. 10%
D. 12.5%
30. Rental power TDS rate is –
A. 5%
B. 4%
C. 3%
D. 2%
31. TDS of foreign technician is not applicable ___
A. For residents
B. Appointed after June 30, 2010
C. Who paid AIT
D. None of these
32. Convention hall fee paid directly to govt. by Retaen Ltd. TK. 58,00,000 ; TDS is __ ?
A. 290,000
B. 5%
C. N/A
D. None of these
33. Rabin provided software service to Mr. Alex in Canada from Bangladesh & received a net amount of tk. 360,000 ; what was the amount before TDS?
A. 500,000
B. 4,00000
C. 379000
D. None of these
34. TDS on imported goods is ___ ?
A. 10%
B. 3%
C. 15%
D. 5%
35. Who cannot deduct TDS on house property?
A. Insane people
B. Person
C. Individual
D. Company
36. When in shipping business two or counties are involved TDS is at ___ ?
A. 5%
B. Exempted
C. 3%
D. Nil
37. Export of manpower agencies pay TDS at ___ ?
A. 5% on total receipt
B. 10% of the service charge or fees
C. 3% on total proceeds
D. None of these
38. TDS on knit-wear is ----- ?
A. 5%
B. 10%
C. Exempted
D. 0.60%
39. Members of Stock Exchange pay TDS of ___ .
A. 0.50%
B. 0.06%
C. 0.25%
D. 0.10%
40. Rate of TDS u/s 53BBBB is ?
A. 0.10%
B. 0.70%
C. 5%
D. N/A
41. Rate of TDS on public auction is ___ .
A. 5%
B. 10%
C. 15%
D. None of these
Answers:
1. C
2. D
3. B
4. C
5. B
6. D
7. D
8. B
9. A
10. B
11. D
12. B
13. D
14. C
15. C
16. C
17. A
18. D
19. B
20. D
21. C
22. C
23. B
24. D
25. A
26. B
27. B
28. D
29. A
30. B
31. B
32. C
33. B
34. D
35. C
36. C
37. B
38. D
39. D
40. B
41. A
The author can be reached by sazzadais@gmail.com
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