March, 2022
Under the Capital Gains Tax (CGT) Act, the cost for tax purposes of a non-current asset purchased under hire purchase terms is called _____________.
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March, 2022 ATS Part III Preparing Tax Computations and Returns Past Questions
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March, 2022
An appeal to the Federal High Court based on the decision of the Tax Tribunal can be made only on points of __________.
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March, 2022
The process of determining the correct amount of stamp duties payable on an instrument by the Commissioners of Stamp Duties is called ______________.
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March, 2022
Administration and management of Tertiary Education Trust Fund (TETFUND) is vested in ____________.
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March, 2022
Capital Gains Tax will be payable ONLY when the asset is _________.
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March, 2022
Capital Gains Tax on individuals is payable to _______________.
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March, 2022
Partnership does not have to pay tax because it is not ______________.
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March, 2022
An allowance claimable on assets acquired for use in rural areas where there is no facility at all, is called _____________.
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March, 2022
An allowance granted to a business which has incurred qualifying capital expenditure in the first year of purchase based on the purchase price of the asset is known as _________.
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March, 2022
How many members of the Joint Tax Board or their representatives must be present to constitute a quorum for a meeting?
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March, 2022
The relevant tax authority for the collection of taxes of members of the Nigerian Army residing in Lagos state of Nigeria is ___________.
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March, 2022
The relevant tax law that governs taxation of Trusts, Settlements and Estates is ______________.
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March, 2022
The relevant tax authority for the assessment of partners in a partnership business is the ____________________.
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March, 2022
Any compulsory payment by an individual to government which does not result in commensurate or direct economic benefit to the payer is in essence, a _________.
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March, 2022
A tax rate which decreases as income increases is described as ___________.
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March, 2022
Taxes on goods produced locally are called __________.
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March, 2022
What is the time limit within which the right of election previously exercised by taxpayer can be revoked?
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March, 2022
The trading loss adjusted for tax purposes at the date of cessation of a business is called _________________.
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March, 2022
The basis of assessment in the second year of a new business is ___________
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