When is income tax to be paid from sources outside Nigeria?
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What is the time limit for filing of tax return of newly incorporated company?
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One of these is the annual return to be filed by any company
A. Signed audited financial statement of the company
B. Computation of capital gain tax
C. Computation of assessable profit
D. Signed audited income statement
Answer: A
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How much is penalty for late filing of tax returns?
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Which of these is NOT disadvantage of indirect tax?
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Which of these is advantage of indirect tax?
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One of these is disadvantage of direct tax
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One of these is not an advantage of direct tax
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Define Settlement
A. Agreement whereby a sum of money is set aside to make provision for another person
B. Obligation given by faith to one individual to dispose property in which benefit will be derived
C. Authorisation given in faith to one or more individual to dispose and apply the benefits arising out of the property for the advantage of the owner of the property
D. Aggregate of a person’s possession either in his life time or at death which will comprise of his personal goods or properties
Answer: A
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Which of these classifies rate of tax decreases as the income of the taxpayer increases
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