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Part-A: Write Brief Questions, Notes and Answers:

1. What is the Idea of "Tax Day" in light of Finance Act 2017.


2. What is the "Minimum Tax" in case of Individual Assessment?
3. What is the "Minimum Tax" in case of firm means partnership firm?
4. What is the "Minimum Tax" in case of Listed Company?
5. What is the "Minimum Tax" in case of Non-Listed Company?
6. What is the "Minimum Tax" in case of Trading Company?
7. What is Sur-Charge and is it applicable for company or not. On which assessee it is allowed and how??
8. What is Investment Tax Rebate and how it is calculated. Is a company assessee can avail it?
9. What is the Income year in case of a Banking Company and the last day of submission of Return?
10. Write down the definition of Salary
11. Write down the definition of Basic Salary
12. Write down the definition of Perquisite
13. Write down the definition of Profit in lieu of salary
14. Write down the definition of Profit in addition to salary
15. Write down the definition of Income
16. Write down the definition of Income Year
17. Write down the definition of an Assessee
18. Write down the definition of an Assessment Year.
19. Write down the definition of Dividend
20. Write down the definition of Capital Asset
21 Write down the definition of Profession
22. Write down the definition of a Company?
23. Write down the definition of a Firm?
24. Write down the Income Tax Authority
25. Who can be a member of Appellate Tribunal?
26. What is Additional Tax as per 16 B of ITO 1984?
27. Wrire Down the Tax Exemption part in case of a salaried person
28. Mr. X is a Lecturer of University of Dhaka. He has also involved with other Private universities as Part time Lecturer.
Was his income from other university fall under the Head Salary. Why or Why not? Please Justify yourself
29. Mr. X is a Tennant and he has given a portion of his flat under rent agreement. How does he show this income at his return
Please justify your answer.
30. What is the highest limit of the Perquisite under Finance Act 2017?
31. What is Bond Washing transaction? What is the punsihment if DCT can find a transaction as Bond washing?
32. What is Agricultural Income?
33. What is Method of Accounting? Which three heads are mandatory to follow Section 35 under ITO 1984.
34. When a Landlord has to maintain bank account in case of House Property Income? If he does not follow this then what will
35. Write down the allowable deductions under House Property Income.
36. What is the Best judgment assessment/ Expert Assessment
37. Fair market value
38. Unabsorbed depreciation
39. Universal self- assessment (sec. 82BB)
40. Penalty for concealment of income
41. Advance Tax
42. Unpaid Loan
43. Unadjusted security money taken from tenant
44. Income from property holds under trust
45. Double taxation avoidance agreement
46. Refund of Tax:
47. Income deemed to accrue or arise in Bangladesh (U/S 18)
48. Amalgamation
49. Fees for technical services
50. Market value
51. Royalty
52. Assessment on the basis of Chartered Accountant
53. Capital gain
54. Rate of Capital gains tax on sale of shares of listed companies
55. Carry forward of Losses under the head “Capital Gain”
56. Revisional power of commissioner of taxes
57. Interest payable by the government on delayed refund
58. Rent free Accommodation
59. Speculative business
60. Employee
61. Transfer
62. Written down value
63. Charge of Income tax
64. Income from transfer of export by Garment Industry
65. Penalties are imposed by the tax authority for a variety of defaults. Explain the provision of IT Ordinance 1984 of v
66. Define money laundering. Is it tax related offence?
67. Tax related offences
68. What are the factors to be considered by a professional accountant while initiating formal conflict resolution process
69. What are the income which are excluded as per 6th schedule, part A of ITO 1984 in computing the total income of the follo
70. Discuss the provision of section 93 of ITO 1984 for assessment in case of income escaping assessment.
71. Any refund of tax become due to an assessee on reduction of total income in appeal filed by him, but the deputy commissi
72. Discuss the modes of recovery of Tax Recovery Officer.
73. A private limited company is wound up but tax assessed on the company remains unpaid. Discuss the personal liabilities of
74. State the provision of law for tax clearance certificate required for person leaving Bangladesh .
75. Explain the aspect of relevant information, qualification of members and functioning of appellate tribunal.
76. What are the different types of depreciation allowance allowed under ITO
77. What are the effects of Double Tax Avoidance Agreements (DTAA) in Bangladesh? Can an assessee get any relief in respect
78. What are the time limit and relaxation thereof, if any, in respect of filing of an appeal to the various income tax appellate au
79. State the recent changes and limit allowed as investment rebate for the CSR activities of a company for the assessment ye
80. Can Apellate Tribunal pass an order expert for non-appearance of the appellate on the date of hearing?
81. What impact double taxation in general, would have on global economic activities
82. What are the effects of Double Taxation Avoidance Agreement in Bangladesh?
83. Discuss the provision of law as regards assessment in the following cases.
84. What are the broad objectives of Bangladesh DTA?
85. Explain the provision of section 62 of the ITO 1984 in regard to credit of tax deducted or collected at source?
86. What are the requirements to pay advance tax u/s 64 of the Ordinance
87. Explain the advance payment of tax by the new assessee u/s 68
88. Explain the provision of law regarding interest payable by Govt. on excess payment of advance tax
89. Requirement to Pay Advance Payment of Tax
90. Provision of law regarding interest payable by Govt. on excess payment of advance tax
91. Explain the provision in the ITO, 1984 regarding granting and cancellation of tax holiday to a hotel.
92. State the power of an Inspecting Additional Commissioner of Taxes u/s 120
93. What are the basic information an individual assessee is required to provide in IT 10BB
94. How the information provided in IT 10BB is linked with the information contained in It 10B of the assessee
95. Show in brief the incomes that are included under “Income from Other sources” U/S 33. What are the admissible and inad
96. Which mistakes/errors can be rectified U/S 173 of the ITO 1984? What are the provisions of the law for failure to rectify the
97. Discuss the legality of action where property is attached in lieu of tax in arrears when no intimation of arrears was received
98. Point out the distinction factor of setoff and carry forward of losses.
99. Discuss the main changes of Finance Act 2017 as per your understanding
100. Define deduction at source.Discuss in brief quoting elative section and rate on the following heads of income:
a. income derived from bank deposit
b. income derived from interest on saving instrument
c. income derived on account of winning from lotteries or
101. When the return of income furnished by the assessee become defective or incomplete
102. What action may be taken by the assessing officer in situation rendering the return of income filed by the assessee defecti
103. What are the offences and punishment prescribed under section 165 of ITO 1984
Briefly describe the provision of law for carry forward of
a. Business loss;
b. Capital gain
c. Loss from agriculture;
104. State the provision of law for recovery of taxes through special magistrate
105. are the offences and punishment prescribed under section 164 of ITO 1984 ?
106. State the provisions of law for availing tax holiday by a tourist industry mentioning at least document that are required to
107. State the provision regarding the information to be furnished to the tax authority in connection with payment of salary, in
108. Time Limitations in the Income Tax Ordinance 1984
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ction to make the refund. What are the remedies open to the assessee?

ect of unpaid tax of the company

nother country with whom the Government of Bangladesh (GOB) does not have any DTAA?
or the high court division under ITO 1984
e sectors where money can be invested for CSR activities?
authority? Who can rectify the mistakes?
ther or not fee paid to advocate for defending the transfer of factory land under the settlement scheme are exempt from levy of tax.

10

on for tax holiday.


e exempt from levy of tax.

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