This quiz works best with JavaScript enabled. Home > Taxation > Tax Planning > Tax Planning – Quiz 2 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Tax Planning Quiz 2 (20 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. ..... are the compulsory contribution by the citizens of a country for meeting different government expenditures. A) Capital. B) Expenditures. C) Taxes. D) None of the above. Show Answer Correct Answer: C) Taxes. 2. Which of the following statements relating to real property gains tax (RPGT) is true? A) Residential properties in Malaysia do not fall within the scope of RPGT. B) The disposal of a property in Malaysia is not subject to RPGT if rental income derived from the property has previously been assessed to income tax. C) Both RPGT and income tax may apply at the same time on a gain arising from the disposal of a property in Malaysia. D) The disposal of a property located outside Malaysia, by a Malaysian citizen, is not subject to RPGT. Show Answer Correct Answer: D) The disposal of a property located outside Malaysia, by a Malaysian citizen, is not subject to RPGT. 3. Shopping voucher coupon sponsored by A) Pt hero. B) We alone. C) Guardian. D) Giant. Show Answer Correct Answer: B) We alone. 4. The purpose of Equalization is: A) Equating VAT Turnover and Corporate Income Tax. B) Check income tax objects that have not been reported. C) Make corrections to costs related to PPh objects. D) Withholding PPh on costs related to the object of PPh Withholding and Collection. Show Answer Correct Answer: B) Check income tax objects that have not been reported. 5. Beny vario motorbike plate A) Bk 4936 afs. B) Bk 4875 afs. C) Bk 4923 adc. D) Bk 4872 afc. Show Answer Correct Answer: A) Bk 4936 afs. 6. 3-Unilateral relief means a method of providing relief from double taxation in which:- A) Home country of the taxpayer provides tax relief, where no mutual agreement has been entered into by the two countries for providing relief from double taxation. B) Governments of two countries, enter into an agreement to provide relief against double taxation on mutually agreed basis. C) Both A and B. D) None of the above. Show Answer Correct Answer: A) Home country of the taxpayer provides tax relief, where no mutual agreement has been entered into by the two countries for providing relief from double taxation. 7. What determines residence status for tax purposes A) The number of relatives. B) The duration of stay. C) The age of the individual. D) The type of employment. Show Answer Correct Answer: B) The duration of stay. 8. How do taxes affect disposable income? A) They increase it. B) They have no impact. C) They reduce it. D) They double it. Show Answer Correct Answer: A) They increase it. 9. The share in the profit of the partnership firm is exempt form tax under Section ..... of the Income-tax Act A) 10(1A). B) 10 (any). C) 10(FOR). D) 10(AM). Show Answer Correct Answer: B) 10 (any). 10. What is the purpose of personal reliefs A) To increase taxable income. B) To decrease taxable income. C) To have no impact on taxable income. D) To double taxable income. Show Answer Correct Answer: B) To decrease taxable income. 11. Following are the needs of tax planning A) Reduction of tax liability. B) Reduction in cost. C) Economic stability. D) All the above. Show Answer Correct Answer: D) All the above. 12. Provisions regarding Tax Equalization are regulated in: A) Regulation of the Director General of Taxes Number PER-04/PJ/2020. B) Regulation of the Director General of Taxes Number PER-04/PJ/2014. C) Circular Letter of the Director General of Taxes Number SE-10/PJ/2017. D) Circular Letter of the Director General of Taxes Number SE-12/PJ/2017. Show Answer Correct Answer: C) Circular Letter of the Director General of Taxes Number SE-10/PJ/2017. 13. 9- "Arm's length price" means a price which is applied or proposed to be applied in a transaction between persons (other than associated enterprises) in ..... A) Controlled conditions. B) Uncontrolled conditions. C) Market conditions. D) None of the above. Show Answer Correct Answer: B) Uncontrolled conditions. 14. Director of Extensification and Assessment Djp A) Prayitno Aji Wind. B) Wind Budianto tjatmiko. C) Aprianto Wind. D) Sihaloho Wind. Show Answer Correct Answer: A) Prayitno Aji Wind. 15. Which Statement is True about the Destination Principle? A) JKP exports are subject to VAT according to the applicable rates. B) Exports of Intangible BKP are subject to a VAT rate of 0%. C) Intangible BKP exports are subject to a VAT rate of 11%. D) Exports of Intangible BKP are not subject to VAT or are free from VAT. Show Answer Correct Answer: B) Exports of Intangible BKP are subject to a VAT rate of 0%. 16. Tax avoidance aim ofPractice A) Saving of tax. B) Moral in nature. C) Concealment of tax. D) Hedging of tax. Show Answer Correct Answer: D) Hedging of tax. 17. Under section ..... is allow Special provisions in the case of business of plying, hiring or leasing goodscarriages. A) 44 AD. B) 44AE. C) 44 OF. D) 44 BB. Show Answer Correct Answer: B) 44AE. 18. The purpose of tax planning is to ensure ..... A) Tax evasion. B) Tax efficiency. C) Tax return. D) Gst. Show Answer Correct Answer: B) Tax efficiency. 19. In the case of profits and gains from certainindustrial undertaking other than infrastructure development undertaking come under A) Deduction u/s 80 IB. B) Deduction u/s 80 IC. C) Deduction u/s 80 IE. D) Deduction u/s 80IG. Show Answer Correct Answer: A) Deduction u/s 80 IB. 20. 6-Vice chairman of AAR( Authorities for Advance Ruling) shall be the judge of a A) District court. B) Supreme court. C) High court. D) Court of Appeal. Show Answer Correct Answer: C) High court. ← PreviousNext →Related QuizzesTaxation QuizzesTax Planning Quiz 1Tax Planning Quiz 3Tax Planning Quiz 4Tax Planning Quiz 5Tax Planning Quiz 6Tax Planning Quiz 7Tax Planning Quiz 8Tax Planning Quiz 9Tax Planning Quiz 10 🏠 Back to Homepage 📘 Download PDF Books 📕 Premium PDF Books