THE PUNJAB SALES TAX ON SERVICES ACT 2012 Important MCQs

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1. The expression ‘relative in relation to an individual’ includes:





2. A descendant of any of the grandparents is included in the definition of:





3. An adopted child of the individual is considered a:





4. The spouse of an individual is included in the meaning of:





5. “Association of persons” includes a:





6. Association of persons includes bodies formed under:





7. Association of persons does not include a:





8. “Authority” means the:





9. Punjab Revenue Authority is established under which Act?





10. “Authority” in the Act refers to the Punjab Revenue Authority established under:





11. “Banking company” is defined under which Ordinance?





12. Banking company includes any body corporate transacting banking business in:





13. “Commissioner” means a person appointed as Commissioner of the:





14. “Commissioner (Appeals)” means a person appointed as Commissioner (Appeals) of the:





15. “Commission” includes consideration received:





16. Commission may be received in:





17. Commission excludes:





18. Commission relates to buying or selling of:





19. Commission does not include transactions relating to:





20. “Commission agent” acts on behalf of another person for:





21. A commission agent may act for sale or purchase of:





22. A commission agent may deal with:





23. A commission agent may collect payment in lieu of:





24. A commission agent may guarantee collection or payment for:





25. Commission agent undertakes activities relating to sale or purchase of:





26. “Common taxpayer identification number” means:





27. “Company” includes a company defined under:





28. A body corporate formed under any law is considered a:





29. Modaraba is included in the definition of:





30. A body incorporated outside Pakistan is treated as a:





31. A trust may be included in the definition of:





32. A co-operative society may be treated as a:





33. A foreign association may be declared a company by the:





34. “Computerized system” means a comprehensive:





35. Computerized system includes its:





36. Computerized system may be used by the:





37. “Default surcharge” means surcharge levied under the:





38. A “defaulter” means a person who fails to pay:





39. In case of a company, every director may be treated as a:





40. In case of a firm, every partner may be treated as a:





41. Defaulter includes:





42. “Deputy Commissioner” means a person appointed as Deputy Commissioner of the:





43. “Document” includes:





44. Micro-films are included in the definition of:





45. Due date for furnishing return means the:





46. The due date is counted after the end of the:





47. Authority may specify another due date through:





48. Different dates may be specified for furnishing different parts or annexures of the:





49. “Economic activity” shall have meaning given in:





50. “E-intermediary” means a person appointed under the:





51. “Exempt service” means a service exempt under:





52. FBR stands for:





53. FBR is established under which Act?





54. Financial year means the period from:





55. “Firm” means relation between persons agreed to share:





56. “Goods” include every kind of:





57. Goods do not include:





58. Goods do not include a:





59. “Government” means Government of the:





60. “Inter-bank rate” means Karachi inter-bank offered rate prevalent on the first day of each:





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