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This document contains a quiz with multiple choice and true/false questions about taxation. The questions cover topics like the different sources of funds for governments, characteristics of taxation systems, canons of taxation, income years vs assessment years, types of taxes, effects of indirect taxes, and rules around determining taxpayer residency status. It also includes a short word problem asking the reader to calculate the annual value of a rental property based on details provided.

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Taher Jamil
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63 views

Quiz - 1

This document contains a quiz with multiple choice and true/false questions about taxation. The questions cover topics like the different sources of funds for governments, characteristics of taxation systems, canons of taxation, income years vs assessment years, types of taxes, effects of indirect taxes, and rules around determining taxpayer residency status. It also includes a short word problem asking the reader to calculate the annual value of a rental property based on details provided.

Uploaded by

Taher Jamil
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
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A.

Choose the right answer


1. Government raises fund from
a) Taxes
b) Fees
c) Penalties
d) All of the above

Quiz 1

ID#

2. Which of the following is not a character of taxation?


a) Compulsory, hence refusal to pay is a punishable offence
b) Aim of taxation is to finance govt. expenditure
c) Benefit received by the country is not directly the return of tax
d) Taxation can be considered as fine or penalty

3. A tax should not be based on a single tax or only a few taxes. this statement is the norm
derived from the
a) Cannon of economy
b) Cannon of equality
c) Cannon of diversity
d) Cannon of certainty

4. 1 August 2012 to 31 July 2013 is the income year. What should be the assessment year
a) 2012-13
b) 2013-14
c) 2014-15
d) 2015-16

5. Income tax of Bangladesh is an example of


a) Proportional tax
b) Progressive tax
c) Regressive tax
d) Degressive tax

B. Identify the following statements as either true (T) or false (F)


6. Burden of tax cannot be shifted in case of indirect tax.
7. Higher indirect tax causes inflation.
8. Pass-through entities pay taxes on their profit.
9. Income year is the financial year immediately preceding the assessment year.
10. Parliament is the central authority for tax administration in Bangladesh.

C. Answer the following questions:


11. Mrs. Shirin is the owner of a 6-storied building where each floor contains 3 apartments. She
let out all the apartments with monthly rent of Tk.12,000. Municipal value of the house is
Tk.2,500,000. What is the annual value of the house?
12. State the rules regarding determination of the residential status of an assesse.

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