1. During audit proceedings, a registered person may be required to produce records or documents for:
(A) Entertainment purposes
(B) Banking advertisement
(C) Media reporting
(D) Conducting audit by the officer
2. Audit proceedings may be conducted electronically through:
(A) Video links or other notified facilities
(B) Postal letters only
(C) Newspaper notices
(D) SMS alerts only
3. During audit, the officer issues:
(A) Audit observations
(B) Birth certificate
(C) Driving license
(D) Passport
4. A registered person must submit reply to audit observations within:
(A) 7 days
(B) 14 days
(C) 21 days
(D) 30 days
5. If no reply or unsatisfactory reply is received, the officer issues:
(A) Audit report
(B) FIR
(C) Refund order
(D) Registration card
6. After audit completion, the officer may pass order determining:
(A) Weather condition
(B) School admission
(C) Passport status
(D) Correct tax payable
7. During audit, the officer can also impose:
(A) Reward
(B) Bonus salary
(C) Scholarship
(D) Default surcharge and penalty
8. Before receipt of audit notice, a registered person may avoid penalty by:
(A) Filing revised return and paying tax
(B) Ignoring notice
(C) Closing business
(D) Changing address only
9. If tax is paid during audit before show cause notice, penalty may be:
(A) 100% waived always
(B) Fully ignored
(C) 200% increased
(D) 20% of penalty payable
10. After show cause notice in audit matters, penalty payable is:
(A) 50%
(B) 10%
(C) 90%
(D) 0% always
11. Special audit may be conducted by:
(A) Chartered accountants or cost accountants
(B) Police officers
(C) Teachers
(D) Bank managers
12. Special audit can be ordered even if audit already done by:
(A) Another auditor for same period
(B) Same taxpayer only
(C) Customer
(D) Court clerk
13. Special audit officers have powers of:
(A) Media agency
(B) Police only
(C) Bank manager
(D) Tax officers as conferred by Authority
14. Audit of records includes:
(A) Only invoices
(B) Personal documents
(C) Tax affairs audit under Act
(D) Passport files
15. Every registered person must file return:
(A) Before due date
(B) After 5 years
(C) Only on demand
(D) Never required
16. A withholding agent statement is treated as:
(A) Return
(B) Invoice
(C) Contract
(D) Bank slip
17. Authority may require returns on basis of:
(A) Daily only
(B) Quarterly, six-monthly or annual
(C) Monthly only
(D) Once lifetime
18. Electronically filed return is:
(A) Invalid
(B) Fake record
(C) Draft only
(D) Deemed valid return
19. If tax rate changes during tax period:
(A) No return required
(B) Business must close
(C) Separate return must be filed
(D) Tax is cancelled
20. Revised return can be filed within:
(A) 120 days
(B) 60 days
(C) 30 days
(D) 1 year
21. Special return may be required by:
(A) Bank
(B) Police
(C) Court only
(D) Commissioner
22. Final return is filed when:
(A) Applying for de-registration
(B) Business starts
(C) Hiring staff
(D) Opening bank account
23. A return made by agent is considered:
(A) Invalid
(B) Made by person himself
(C) Made by government
(D) Draft report
24. Audit observations must be replied within:
(A) 7 days
(B) 30 days
(C) 21 days
(D) 60 days
25. Special audit includes:
(A) Forensic audit also
(B) Only normal audit
(C) Driving test
(D) Banking audit only
26. Records for audit may be required through:
(A) Court order only
(B) Audit officer demand
(C) Police FIR
(D) Newspaper notice
27. Failure to reply audit observation leads to:
(A) Automatic refund
(B) Audit report issuance
(C) Registration increase
(D) Tax cancellation
28. Audit report mentions:
(A) Tax evasion or short payment
(B) Weather report
(C) Salary details only
(D) Import list only
29. Authority may appoint for special audit:
(A) Doctors
(B) Drivers
(C) Engineers only
(D) Chartered accountants
30. Registered person must maintain proper records for:
(A) One month
(B) Tax compliance period
(C) One week
(D) No requirement
31. Returns filed electronically require:
(A) Manual signature only
(B) Digital submission as prescribed
(C) Postal delivery
(D) Newspaper publishing
32. Audit officer may issue:
(A) Driving license
(B) Audit report after unsatisfactory reply
(C) Passport
(D) Identity card
33. Default surcharge is imposed after:
(A) Registration
(B) Birthday
(C) Audit completion
(D) Hiring staff
34. Revised return is used for:
(A) Wrong declaration correction
(B) Job application
(C) Bank loan
(D) Passport renewal
35. Authority may specify returns through:
(A) Police order
(B) Court order only
(C) Notification
(D) Private agreement
36. Audit can include:
(A) Only imports
(B) Only salary check
(C) Tax affairs review
(D) Only exports
37. Special audit can be conducted jointly with:
(A) Teachers
(B) Doctors
(C) Students
(D) FBR or provincial tax authorities
38. Return is filed for:
(A) Medical leave
(B) Holiday period
(C) Study period
(D) Tax period
39. Withholding agent statement is:
(A) Separate tax
(B) Treated as return
(C) Invoice only
(D) Penalty form
40. Authority may allow electronic invoicing through:
(A) Manual paper only
(B) Prescribed system
(C) SMS only
(D) Verbal report
41. Audit officer must issue notice before:
(A) Travel
(B) Marriage
(C) Audit begins
(D) Banking
42. Special audit can be forensic audit also:
(A) False
(B) True
(C) Sometimes only
(D) Never
43. Return filing authority is:
(A) Court
(B) Police
(C) Commissioner/Authority
(D) Bank
44. Audit observation includes:
(A) Contraventions of Act
(B) Weather report
(C) Salary slip
(D) Job letter
45. Audit may be conducted via:
(A) Physical only
(B) Only phone calls
(C) Electronic means also
(D) Only letters
46. Registered person must comply with:
(A) Audit provisions
(B) Only moral law
(C) Social media rules
(D) Travel laws
47. Audit officer may determine:
(A) Education level
(B) Tax liability
(C) Property value only
(D) Weather forecast
48. Return includes:
(A) Only income
(B) Tax due and paid
(C) Only expenses
(D) Only imports
49. Authority may require:
(A) Fake invoices
(B) Proper return formats
(C) No records
(D) Oral reporting only
50. Audit completion results in:
(A) Driving license
(B) Passport issuance
(C) Job offer
(D) Final order of tax determination