Q. (a) Explain the differences between ‘Contribution in Aid of Rates’ and Rating. (10 marks) (b) Additional Premium will be imposed if the State Authority approves application to any changes Read More …
Category: 2016 D04 Tax
Valuation List preparation & Annual Value Q2
Q.With reference to Local Government Act 1976 (As amended), explain: (a) the steps taken by a local authority to prepare and implement a new Valuation List. (20 marks) (b) determination Read More …
Factory Building RPGT Calculation Q3
Q.(a) Under the Real Property Gains Tax Act 1976, explain the following: i) Incidental Cost (5 marks)ii) Disposal Price (5 marks) (b) Alex bought a double storey factory building from Read More …
Development Charge Calculations Q4
Q. With reference to Town and Country Planning Act 1976 (As amended), calculate the total Development Charge of the following: (a) Nazri proposed to develop a housing scheme of 200 Read More …
Income Tax exemptions & Deductible Expenses on Rental Q5
Q. With reference to the Income Tax Act 1967 (as amended), (a) State any FIVE (5) classes of income that are exempted from Income Tax. (10 marks) (b) With examples, Read More …
Objection to, Initial Duty & Additional Duty Q6
Q. With reference to the Stamp Act 1949 (As amended), (a) Explain the procedure for objection by the purchaser who is dissatisfied with the duty imposed by the Collector of Read More …
Valuation List & Assessment Tax Q7
Q. (a) With reference to Local Government Act 1976 (As amended), explain FIVE (5) reasons for the amendment of Valuation List. (10 marks) (b) Imran has bought a double Storey Read More …