Friday, April 20, 2012

Income Tax Question - TDS

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



 © 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. ||


The author can be reached by   sazzadais@gmail.com

Saturday, April 14, 2012

ভিন্নতা --- বিঃভিন্ন স্বাদ !!! [ Different memorable & valuables - 01 ]


যখন আপনি কারও জন্য কয়েক মিনিট অপেক্ষা করেন, 
সেটা হচ্ছে আপনার "প্রয়োজন"।। 


যখন আপনি কারও জন্য কয়েক ঘণ্টা অপেক্ষা করেন,
সেটা হচ্ছে আপনার "বিশ্বাস" ।। 


যখন আপনি কারও জন্য কয়েক সপ্তাহ অপেক্ষা করেন,
সেটা হচ্ছে আপনার "বন্ধুত্ব"।।

কিন্তু আপনি যখন কারও জন্য অপেক্ষা করেন এটা জানাসত্ত্বেও যে সে আর ফিরে আসবেনা,
সেটাকে বলা হয় "ভালোবাসা" ।।
♥♥♥

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সবাই তোমাকে কষ্ট দিবে...তোমাকে শুধু এমন একজন কে খুঁজে নিতে হবে যার দেয়া কষ্ট তুমি সহ্য করতে পারবে...

----হুমায়ূন আহমেদ

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যদি সর্বোচ্চ আসন পেতে চাও তাহলে সর্বনিম্ন স্থান থেকে আরম্ভ কর । 

---সাইরাস


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__̴ı̴̴̡̡̡ ̡͌l̡̡̡ ̡͌l̡*̡̡ ̴̡ı̴̴̡ ̡̡͡|̲̲̲͡͡͡ ̲▫̲͡ ̲̲̲͡͡π̲̲͡͡ ̲̲͡▫̲̲͡͡ ̲|̡̡̡ ̡ ̴̡ı̴̡̡ ̡͌l̡̡̡̡.__






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A Cute Love Story :
There was a little boy whose 1st love was a young girl in a picture which he found and picked from the street..

As time went by he got married, But still kept it. One day, his wife found it and asked, "Where did u get this?" The man said, "I kept that since i was a child, But why u asking?" The girl replied, "I lost this picture when i was 7.." :):):)