basic concepts of income tax Flashcards
(34 cards)
1
Q
what is special tax year?
A
2
Q
what is normal tax year?
A
3
Q
what is transitional tax year?
A
4
Q
rules regarding change in tax year?
A
5
Q
resident and non resident perswon?
A
6
Q
who is resident individual
A
7
Q
who is resident association of persons?
A
8
Q
who is resident comapny?
A
9
Q
income tax rules(2002) rule 14?
A
10
Q
who is person?
A
11
Q
who is association of persons?
A
12
Q
who is company?
A
13
Q
what is trust?
A
14
Q
what is unit trust?
A
15
Q
what is firm?
A
16
Q
tax on taxable income?
A
17
Q
who is salaried person?
A
18
Q
what is taxable income?
A
19
Q
what is total income?
A
20
Q
what are the heads of income?
A
21
Q
what is akat?
A
22
Q
workers welfare fund and workers participitaion fund?
A
23
Q
deceased individual?
A
24
Q
authors?
A
25
income of minor child?
26
apportionment of deductions?
27
apportionment of expenditures?
28
fair market value?
29
reocuped expenditure?
30
currency conversion?
31
cessation of source of income?
32
rules to prevent double derrivation and double deductions?
33
tax on dividends?
34
general provisions relating to taxes imposed under dividend?
