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Re: ::: vuaskari.com ::: FIN623 MCQ Help



On Wed, Apr 20, 2011 at 2:55 AM, Hafiz Salman Majeed <hafiz.salman.majeed1@gmail.com> wrote:

Which of the following is the example of deem income? 

Select correct option: 

 

 Cash Gift

 Salary

 Loan through cross cheque 

 Golden hand shake

Treatment of certain loans, advances and gifts as deemed income.

[Sub-section (18) of section 12].

Under sub-section (18) of section 12, any loan of Rs.100,000 or more was deemed

to be the income of recipient, if it was received otherwise than through a crossed

cheque. This provision has been amended and now all loans, advances and gifts shall

be deemed to be the income of an assessee if these are not transacted through a crossed

cheque or a banking channel from a person holding a NTN.

This change in law, shall be applicable in respect of loans/ advances and gifts

which are made on or after 1st July, 1998.



On Wed, Apr 20, 2011 at 2:09 AM, Hafiz Salman Majeed <hafiz.salman.majeed1@gmail.com> wrote:

The process of clubbing of income results in which of the following? 

Select correct option: 

 

 Lower Bracket rate of tax is charged

 

 Higher Bracket rate of tax is charged

 

 Moderate Bracket rate of tax is charged

 

 No change occur due to clubbing



On Tue, Apr 19, 2011 at 10:16 PM, Hafiz Salman Majeed <hafiz.salman.majeed1@gmail.com> wrote:

Interpretation of Tax Laws is the prime responsibility of which of the following? 

Select correct option: 

 

 Parliament

 Supreme Court

 High Court

 Superior Judiciaries



On Tue, Apr 19, 2011 at 9:48 PM, /*~1 Nation~*\ <1.nation.vu@gmail.com> wrote:
Yes fatigue for sure. as all other words are used to take something positively.


On Tue, Apr 19, 2011 at 9:46 PM, Hafiz Salman Majeed <hafiz.salman.majeed1@gmail.com> wrote:

Which one of the following is the general meaning of Tax? 

Select correct option: 

           

 Relax

 Lighten

 Relieve

 Fatigue



--
█▓▒░ Hafiz Salman Majeed░▒▓█
            www.vuaskari.com
MBA Last Semester (Finance Group)
                  LAHORE

اللہ آپ کو آسانیاں عطا فرمائے۔
جزاكم الله خيرا وأحسن الجزاء في الدنيا والأخرة
جہاں رہیے اللہ کے بندوں کے لیے باعثِ آزار نہیں، باعثِ رحمت بن کر رہیے


--
We say, "Be one as Pakistani Nation and grow up for Pakistan's Future". Wish you all the best. Join www.vuaskari.com,
To post to this group, send email to vuaskari_com@googlegroups.com
Visit these groups:
This (Main) Group:http://groups.google.com/group/vuaskari_com?hl=en?hl=en
MIT/MCS Group: http://groups.google.com/group/vu_askarimit?hl=en?hl=en
HRM Group: http://groups.google.com/group/askari_hrm?hl=en?hl=en
Banking Group: http://groups.google.com/group/askari_banking?hl=en?hl=en
Management: https://groups.google.com/group/vuaskari_mgt?hl=en
Marketing: https://groups.google.com/group/vuaskari_mkt?hl=en
MIS Group: http://groups.google.com/group/askari_mis?hl=en



--
*Qazi Muhammad Umer*
*_MBA _Finance_*
*4th semester*
*Lahore.*



--
█▓▒░ Hafiz Salman Majeed░▒▓█
            www.vuaskari.com
MBA Last Semester (Finance Group)
                  LAHORE

اللہ آپ کو آسانیاں عطا فرمائے۔
جزاكم الله خيرا وأحسن الجزاء في الدنيا والأخرة
جہاں رہیے اللہ کے بندوں کے لیے باعثِ آزار نہیں، باعثِ رحمت بن کر رہیے





--
█▓▒░ Hafiz Salman Majeed░▒▓█
            www.vuaskari.com
MBA Last Semester (Finance Group)
                  LAHORE

اللہ آپ کو آسانیاں عطا فرمائے۔
جزاكم الله خيرا وأحسن الجزاء في الدنيا والأخرة
جہاں رہیے اللہ کے بندوں کے لیے باعثِ آزار نہیں، باعثِ رحمت بن کر رہیے





--
█▓▒░ Hafiz Salman Majeed░▒▓█
            www.vuaskari.com
MBA Last Semester (Finance Group)
                  LAHORE

اللہ آپ کو آسانیاں عطا فرمائے۔
جزاكم الله خيرا وأحسن الجزاء في الدنيا والأخرة
جہاں رہیے اللہ کے بندوں کے لیے باعثِ آزار نہیں، باعثِ رحمت بن کر رہیے


--
We say, "Be one as Pakistani Nation and grow up for Pakistan's Future". Wish you all the best. Join www.vuaskari.com,
To post to this group, send email to vuaskari_com@googlegroups.com
Visit these groups:
This (Main) Group:http://groups.google.com/group/vuaskari_com?hl=en?hl=en
MIT/MCS Group: http://groups.google.com/group/vu_askarimit?hl=en?hl=en
HRM Group: http://groups.google.com/group/askari_hrm?hl=en?hl=en
Banking Group: http://groups.google.com/group/askari_banking?hl=en?hl=en
Management: https://groups.google.com/group/vuaskari_mgt?hl=en
Marketing: https://groups.google.com/group/vuaskari_mkt?hl=en
MIS Group: http://groups.google.com/group/askari_mis?hl=en



--
*Qazi Muhammad Umer*
*_MBA _Finance_*
*4th semester*
*Lahore.*


--
We say, "Be one as Pakistani Nation and grow up for Pakistan's Future". Wish you all the best. Join www.vuaskari.com,
To post to this group, send email to vuaskari_com@googlegroups.com
Visit these groups:
This (Main) Group:http://groups.google.com/group/vuaskari_com?hl=en?hl=en
MIT/MCS Group: http://groups.google.com/group/vu_askarimit?hl=en?hl=en
HRM Group: http://groups.google.com/group/askari_hrm?hl=en?hl=en
Banking Group: http://groups.google.com/group/askari_banking?hl=en?hl=en
Management: https://groups.google.com/group/vuaskari_mgt?hl=en
Marketing: https://groups.google.com/group/vuaskari_mkt?hl=en
MIS Group: http://groups.google.com/group/askari_mis?hl=en

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