Chapter #4 ( Basic Concepts of Income Tax ) Flashcards
(34 cards)
1
Q
Tax year
A
Sec 74
2
Q
Resident individual with income tax rules 2002 ( Rule 14 )
A
Sec 82
3
Q
Resident Company
A
Sec 83
4
Q
Resident Association of person
A
Sec 84
5
Q
Resident and non resident person
A
Sec 81
6
Q
Person
A
Sec 80
7
Q
Company
A
Sec 80
8
Q
Association of person
A
Sec 80
9
Q
Trust
A
Sec 80
10
Q
Unit trust
A
Sec 80
11
Q
Firm
A
Sec 80
12
Q
Member
A
Sec 2
13
Q
Tax on taxable income
A
Sec 4
14
Q
Salaried person
A
Sec
15
Q
Taxable income
A
Sec 9
16
Q
Total income
A
Sec 10
17
Q
Heads of income
A
Sec11
18
Q
Zakat
A
Sec 60
19
Q
Workers welfare fund
A
Sec 60 A
20
Q
Workers participation fund
A
Sec 60 B
21
Q
Principal of taxation of individual
A
Sec 86
22
Q
Deceased individual
A
Sec 87
23
Q
Legal representative
A
Sec 87
24
Q
Authors
A
Sec 89
25
Income of minor child
Sec 91
26
Apportionment of deductions
Sec 67
27
Apportionment of expenditure Rule 13
4 to 5 points
28
Fair market value
Sec 68
29
Recouped expenditure
Sec 70
30
Currency Conversion
Sec 71
31
Cessation of source of income
Sec 72
32
Rules to prevent double derivation and deductions
Sec 73
33
Tax on dividend
Sec 5
34
Rules of final tax regime
Sec 8
