income from business Flashcards

1
Q

+what is business?

A
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2
Q

what will be added in income of business?

A
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3
Q

profit on debt means?

A
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4
Q

interest income derived by person?

A
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5
Q

second name of interest income?

A
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6
Q

debt means?

A
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7
Q

owing means?

A
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8
Q

pAYABLE?

A
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9
Q

POINT 3,4?

A
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10
Q

WHERE LESSOR IS SCHEDULED BANK?

A
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11
Q

WHERE MUTAL VENTURE CAPITAL FUND DISTRIBUTES?

A
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12
Q

DEDEUCTIONS in computing income chargeable under the head incomr from businnes?

A
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13
Q

deductions not allowed? till J?

A
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14
Q

entertainment expenditure? REALLY REALLY IIMPORTANT?

A
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15
Q

deductions not allowed point till r?

A
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16
Q

examples of tangible non eligible examples?

A
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17
Q

depreciation basics?

A
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18
Q

depreciable assests?

19
Q

structural improvement? 15 names?

20
Q

where depreciable asset is jointly owned by taxpayer and islamic financial institution?

21
Q

how depriciation is calculated?

22
Q

the wdv at the beginning of tax year?

23
Q

on disposal of depreciable asset? REALLY REALLY IMPORTANT..

24
Q

where asset is partly used in deriving income from business and partly for another use? 2 points?

25
the total depreciation and inital allowance during ownership shall not?
26
the cost of passenger transport vehicle?
27
the cost of immoveable property?
28
asset owned by a leasing company?
29
consideration received on disposal of immoveable property?
30
if a person exports or transfers out of pakistan a depreciable asset?
31
vehicle plying for hire and not [plying for hire for understanding?
32
initial allowance?
33
intangibles basics?
34
basis of amortisation of intangibles?
35
cost in relation to intangibles?
36
intangible? REALLY IMPORTANT FOR PAPER?
37
intangibles eligible for amortiation? VERY IMPORTANT FOR PAPER?
38
method for computation of amortisation charge?
39
tax gain or loss on disposal? REALLY IMPORTANT?
40
the wdv the time of disposal shall be calculated?
41
pre commencement expenditure?
42
scientific research expenditure?
43
employee training and facilities?
44
bad debts treatement?? VERY VERY IMPORTANT FOR PAPER?