19 Feb 2015

Guess Paper for Inspector Inland Revenue (BS-16)








(PART-I)

ENGLISH PROFICIENCY

A- Which of these words is closest in meaning to the word provided?

1- remote

(a) automatic (b) distant

(c) savage (d) mean


2- detest

(a) argue (b) hate

(c) discover (d) reveal


3- gracious

(a) pretty (b) clever

(c) pleasant (d) present



4- predict

(a) foretell (b) decide

(c) prevent (d) discover



5- kin

(a) exult (b) twist

(c) friend (d) relative


B- Which of these words is most nearly the opposite of the word provided?

6- withdraw

(a) reduce (b) need

(c) advance (d) want


7- secret

(a) friendly (b) covert

(c) hidden (d) overt


8- heartfelt

(a) loving (b) insincere

(c) unhealthy (d) humorous


9- impartial

(a) hostile (b) biased

(c) dislike (d) worried



10- luminous

(a) clear (b) dim

(c) brittle (d) clever

C- Which is the correction option:-



11- Ali is afraid ___ spiders.

(a) from (b) in

(c) about (d) of



12- I am worried ______ the exam

(a) in (b) about

(c) on (d) of



13- He looks upset, I think he took the criticism ____ heart.

(a) to (b) in

(c) about (d) of



14- I am envious _____ them.

(a) of (b) in

(c) about (d) on



15- He confided ____ me.

(a) about (b) in

(c) on (d) of



16- They decided ____ the pink sofa.

(a) about (b) on

(c) of (d) in



17- She suffers ____ a heart disease.

(a) about (b) in

(c) from (d) on



18- The teacher set some homework _____ the end of the lesson.

(a) about (b) in

(c) of (d) at



19- I am good ____ tennis.

(a) about (b) in

(c) at (d) of



20- We arrived _____ the station an hour late.

(a) about (b) in

(c) at (d) of





(PART-II)

PROFESSIONAL TEST

(Comprising Sales Tax Act, 1990 amended upto July, 2014)



21- Tax fraction means the amount worked out in accordance with the following formula:

(a) (b)
(c) (d) None of these.



22- Taxable goods means all goods other than those which have been exempted under section:-

(a) 12 (b) 15

(c) 13 (d) 11


23- The goods specified in the Fifth Schedule shall be charged to tax at the rate of:

(a) 17% (b) 16%

(c) 19% (d) 0%



24- If the amount shown in the tax invoice or the return needs to be modified the registered person shall issue a:

(a) Debit Note (b) Credit Note

(c) (a) or (b) above (d) None of these



25- If the input tax paid by a registered person exceeds the output tax on account of zero rated local supplies or exports made during the tax period; the excess amount of input tax shall be refunded not later than _____ days.

(a) 40 (b) 45

(c) 50 (d) 60



26- No penalty under section 33 of this Act shall be imposed on a registered person unless a ____________ is given to such person.

(a) Summon (b) Arrest warrant

(c) Show Cause Notice(d) Warning



27- De-registration, blacklisting and suspension of registration are dealt under section ____ of Sales Tax Act, 1990.

(a) 31 (b) 32

(c) 21 (d) 22

28- A registered person making a taxable supply shall issue a serially numbered tax invoice in compliance to Section ___________?

(a) 21 (b) 23

(c) 25 (d) 26



29- A person who is required to maintain any record or documents under this act shall retain the record and documents for a period of _____ years.

(a) Five (b) Six

(c) Eight (d) Three



30- Section ____ empowers an authorized Officer of Inland Revenue to take a sample of any good or raw material for determining their liability to sales tax.

(a) 25 (b) 25-A

(c) 25-AA (d) 26



31- A person who applies for de-registration shall require to furnish a final return under Section ___ of Sales Tax Act, 1990.

(a) 27 (b) 28

(c) 29 (d) 30



32- Section 30 of Sales Tax Act, 1990 deals with:

(a) De-Registration (b) Delegation of Powers

(c) Appointment of Officers & Their Powers

(d) None of the above.



33- A Directorate General of Training and Research is established under Section:

(a) 30A (b) 30B

(c) 30C (d) 30D



34- Special Audit of a registered person may be conducted under section____

(a) 31 (b) 32

(c) 32A (d) 28



35- In case a person files a return within fifteen days of the due date. He shall pay a penalty of ___________ Rupees for each day of default.

(a) One Hundred (b) Five Hundred

(c) Five Thousand (d) Three Hundred



36- Any person who fails to issue an invoice when required under this act, he shall pay a penalty of

(a) Rs.5,000/-

(b) 3% of the amount of tax involved

(c) (a) or (b) whichever is higher.

(d) None of the above.



37- Where a registered person fails to produce the record on receipt of 3rd Notice in non-compliance with Section 25; such person shall pay a penalty of:-

(a) Rs.5,000/- (b) Rs.10,000/-

(c) Rs.50,000/- (d) Rs.30,000/-


38- A person who obstructs the authorized officer in the performance of his official duties, he shall pay a penalty of:-

(a) Rs.25,000/-

(b) 100% of the amount of tax involved.

(c) (a) or (b) whichever is higher

(d) None of the above.





39- Where any person repeats an offence for which a penalty is provided under this act.

(a) He shall pay twice the amount of penalty provided under the act for the said offence.

(b) He shall pay thrice the amount of penalty provided under the act for the said offence.

(c) Rs.50,000/-

(d) None of the above.



40- Any Office of Inland Revenue shall have power to summon any person under section:

(a) 38 (b) 39

(c) 37 (d) None of the above



41- All arrests made under this act shall be carried out in accordance with the relevant provisions of:

(a) Sales Tax Act, 1990.

(b) Federal Excise Act, 2005

(c) Code of Criminal Produced, 1898.

(d) Income Tax Ordinance, 2001



42- Procedure to be followed on arrest of a person is laid down under section ___ of Sales Tax Act, 1990.

(a) 37 (b) 37A

(b) 37B (d) 37C



43- It is necessary to produce an arrested person before the Special Judge or the nearest Judicial Magistrate, within __ hours of such arrest.

(a) 36 (b) 48

(c) 72 (d) 24



44- The Sales Tax Officer authorized to hold inquiry shall maintain a register to be called:-

(a) Register of arrests (b) Register of detention

(c) Register of Arrests and Detention

(d) None of the above.



45- A Special Judge is appointed by the Federal Government under Section:

(a) 37A (b) 37B

(c) 37C (d) 37D


46- A Special Judge may hold sitting at any other place according to section:

(a) 37D (b) 37G

(c) 37H (d) 38



47- According to Section _____, the Commissioner may, by notice in writing, require any person, including a banking company to furnish such information or such statement in connection with any investigation or inquiry in cases of tax fraud.

(a) 37A (b) 37B

(c) 38A (d) 38B



48- The Officer of Inland Revenue may enter a place to search any documents or things useful for any proceedings, after obtaining a warrant from the magistrate, under section ____:

(a) 40 (b) 40A

(c) 40B (d) None of the above.



49- Clause ___ of Section 45A empowers the Commissioner to take suo moto and examine the record of any proceeding.

(a) 1 (b) 2

(c) 3 (d) 4

50- An appeal shall be accompanied by a fee of Rs.

(a) Rs.5,000/- (b) Rs.1,000/-

(c) Rs.2,000/- (d) Rs.10,000/-


51- Appeal to the Appellate Tribunal can be made under section:-

(a) 45A (b) 45B

(c) 46 (d) 47



52- Reference to the High Court can be send within ____ days of communication of the order of the Appellate Tribunal:

(a) 120 (b) 90

(c) 70 (d) 60

53- A reference to the High Court under this Section shall be head by a Bench of not less than ____ Judges of the High Court.

(a) 02 (b) 03

(c) 04 (d) 05


54- An application to the High Court by a person other than the Additional Commissioner authorized by the Commissioner shall be accompanied by a fee of :-

(a) One Hundred Rupees

(b) Five Hundred Rupees

(c) One Thousand Rupees

(d) Five Thousand Rupees

55- Section ____ of the Limitation Act, 1908 shall apply to an application made to the High Court under sub-section:-

(a) 7 (b) 1

(c) 9 (d) 10



56- According to Section 48, Sub-Section 1, Clause (c); the Officer of Inland Revenue may take following action for recovery of arrears of tax:

(a) Seal the business premises.

(b) Stop removal of any goods from business premises

(c) Attach and Sell or Sell without attachment any moveable or

immoveable property of the registered person.

(d) A & B Above.





57- A liquidator is required to give written notice to the Commissioner within ____ days of being appointed.

(a) 14 (b) 15

(c) 30 (d) 60



58- Board has a power to make rules under Section ______:

(a) 50 (b) 49

(c) 49A (d) 50A


59- Board may prescribe the use of computerized system under section ____

(a) 50 (b) 50A

(c) 49 (d) 49A



60- Board establishes bar of suits, prosecution and other legal proceedings under section:-

(a) 50 (b) 51

(c) 52 (d) 52A


61- An authorized representative of a registered person may appear before the Appellate Tribunal as spells section:

(a) 50 (b) 51

(c) 52 (c) 53



62- Board may appoint a person to electronically file return on behalf of a registered person under section:

(a) 50 (b) 52

(c) 52A (d) 53


63- According to Section ____ the tax liability of a deceased registered person under the Act shall be the first charge on his estate in the hands of his successor.

(a) 51 (b) 52

(c) 53 (d) 54


64- Section ___ deals with removal of difficulties:

(a) 53 (b) 54

(c) 55 (d) 56


65- Service of orders, decisions etc are done in accordance with the procedure laid down under section:

(a) 54 (b) 55

(c) 56 (d) 57



66- Any order, Notice or requisition require to be served on a resident individual is sent by a register post or courier service to the individual’s

(a) e-mail address (b) last known address in Pakistan

(c) official address (d) None of the above


67- Rectification of mistake in any order passed by an Officer of Inland Revenue, Commissioner, The Commission (Appeals) or the Appellate Tribunal can be made as envisaged under section:

(a) 53 (b) 55

(c) 57 (d) 59



68- No person shall be declared as the representative of non-resident person unless the person has been given an opportunity by the _____of being heard.

(a) Inspector Inland Revenue

(b) Commissioner

(c) Collector

(d) None of these.



69- Tax paid on goods purchased by a person who get registered within 30 days of purchase of goods, shall be treated as:-

(a) Input Tax (b) Output Tax

(c) Ad Velorum Tax (d) Both (a) and (b)


70- When a person imports goods, the tax paid by him thereon during a period of ______ days before making an application of registration shall be treated as:

(a) Output Tax (b) Input Tax

(c) Progressive Tax (d) None of these


71- Section ___ provides powers to deliver certain goods, without payment of tax:

(a) 52 (b) 54

(c) 60 (d) 62



72- Board may authorize the repayment in whole or in part of the tax paid on goods of such class or description as it may determine under section __

(a) 60 (b) 61

(c) 62 (d) 64




73- According to Section _____ repayment of tax to person registered in Azad Jammu & Kashmir can be made in whole or in part of the input tax, on any goods acquired in or imported into Pakistan by person registered in Azad Jammu & Kashmir and are engaged in making zero rated supplies.

(a) 59 (b) 60

(c) 61 (d) 61A



74- Drawback is allowed on re-export but not such drawback is repaid unless the re-export is made within a period of ___ years from date of importation as per record of Custom House.

(a) 03 (b) 02

(c) 01 (d) 04



75- Section ___ deals with drawback on goods taken into use between importation & re-exportation period.

(a) 61 (b) 62

(c) 63 (d) 64


76- Federal Government may prohibit the payment of drawback on the exportation of goods or any specified goods or class of goods to any specified foreign port or territory in compliance with Section ___

(a) 64 (b) 65

(c) 66 (d) 67


77- Federal Government may by a notification direct that the tax not levied or short levied as a result of inadvertent practice shall not be required to be paid for the period prior to the discovery of such inadvertent practice, as per section :

(a) 64 (b) 65

(c) 66 (d) 67



78- All refunds have to be claimed within ____ year(s)

(a) 1 (b) 2

(c) 3 (d) 4



79- Application or claim filed under section 66 shall be disposed off within ____ days from date of filing of claim

(a) 60 (b) 90

(c) 120 (d) 160



80- According to section _____ liability of the acts of agent solely lies upon a registered person.

(a) 66 (b) 67

(c) 68 (d) 69


81- Duplicate copy of sales tax documents may be issued to a registered person on the payment of Rs.___

(a) One Hundred (b) Two Hundred

(c) Three Hundred (d) Five Hundred



82- All Officers of Inland Revenue and other persons employed in the execution of this Act shall observe and follow the order, instructions and direction of the Board under section ---- :

(a) 71 (b) 72

(c) 72A (d) 72B



83- Board may select persons or classes of persons for audit of tax affairs through ____

(a) Random Selection (b) Computer Ballot

(c) Manual Entry (d) None of the above.





84- According to Section 72C, Board may give ________ to Inland Revenue Officer/Officials in cases involving concealment or evasion of sales tax and other taxes, on their meritorious conduct in such cases.

(a) Promotion (b) Cash Reward

(c) Certificate of Appreciation

(d) None of these



85- Payment of the amount for a transaction exceeding value of _______, excluding payment against a utility bill, shall be made by a crossed banking instrument showing transfer of the amount of the sales tax invoice in favour of supplier.

(a) Rs.1,00,000/- (b) Rs.50,000/-

(c) Rs.2,00,000/- (d) Rs. 25,000/-



86- Retailer means a person supplying goods to general public for the purpose of:

(a) Sale (b) Purchase

(c) Consumption (d) Demand



87- _________ means a person who is registered or is liable to be registered under this act.

(a) Manufacturer (b) Supplier

(c) Registered Person (d) Retailer



88- Special Audit means an audit conducted under section ____

(a) 31 (b) 32

(c) 32A (d) 33



89- Taxable activity means any _________ activity carried on by a person whether or not for profit.

(a) Financial (b) Fiscal

(c) Monetary (d) Economic



90- Taxable goods means all goods other than those which have been exempted under section:-

(a) 11 (b) 12

(c) 13 (d) 15




91- Tax period means a period of ____ month(s) or such other period as specified by the Federal Govt.

(a) one (b) three

(c) five (d) twelve



92- Tax invoice means a document required to be issued under section _____

(a) 21 (b) 23

(c) 25 (d) 26



93- ‘Open Market Price’ means the consideration in money which that supply or ___________ would generally fetch in an open market.

(a) Demand (b) different supply

(c) similar supply (d) None of these



94- Appellate Tribunal means the Appellate Tribunal Inland Revenue established under Section ____ of Income Tax Ordinance, 2001.

(a) 120 (b) 130

(c) 131 (d) None of the above.



95- Banking Company means a banking company as defined in the Banking Companies Ordinance, ____.

(a) 1990 (b) 1962

(c) 1984 (d) 1969



96- “Common taxpayer identification number” means the registration number or any other number allocated to a _____________.

(a) Wholesaler (b) Retailer

(c) Registered Person (D) Importer



97- CREST is an abbreviation of:-

(a) Computerized Return and E-Filing of Sales Tax

(b) Computerized Risk-Based Evaluation of Sales Tax

(c) Certificated Return E-Filing System

(d) None of these.



98- ‘KIBOR’ stands for:-

(a) Karachi Intra-Bank Offered Rate

(b) Karachi Inter-Bank Offered Rate

(c) Karachi Inter Bank On-Spot Rate

(d) None of the above.



99- Directorate of Post Clearance Audit is established under section;-

(a) 30A (b) 30B

(c) 30D (d) 30DD



100- Delegation of Powers to the Officers of Inland Revenue are conferred under section:-

(a) 31 (b) 32

(c) 33 (d) 34



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