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?

A
19
Q

structural improvement? 15 names?

A
20
Q

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

A
21
Q

how depriciation is calculated?

A
22
Q

the wdv at the beginning of tax year?

A
23
Q

on disposal of depreciable asset? REALLY REALLY IMPORTANT..

A
24
Q

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

A
25
Q

the total depreciation and inital allowance during ownership shall not?

A
26
Q

the cost of passenger transport vehicle?

A
27
Q

the cost of immoveable property?

A
28
Q

asset owned by a leasing company?

A
29
Q

consideration received on disposal of immoveable property?

A
30
Q

if a person exports or transfers out of pakistan a depreciable asset?

A
31
Q

vehicle plying for hire and not [plying for hire for understanding?

A
32
Q

initial allowance?

A
33
Q

intangibles basics?

A
34
Q

basis of amortisation of intangibles?

A
35
Q

cost in relation to intangibles?

A
36
Q

intangible? REALLY IMPORTANT FOR PAPER?

A
37
Q

intangibles eligible for amortiation? VERY IMPORTANT FOR PAPER?

A
38
Q

method for computation of amortisation charge?

A
39
Q

tax gain or loss on disposal? REALLY IMPORTANT?

A
40
Q

the wdv the time of disposal shall be calculated?

A
41
Q

pre commencement expenditure?

A
42
Q

scientific research expenditure?

A
43
Q

employee training and facilities?

A
44
Q

bad debts treatement?? VERY VERY IMPORTANT FOR PAPER?

A