CAF-2 · Chapter 7 · Question 14 of 15
Under the taxation of digital transactions within Pakistan, what is the rate of the final sales tax withholding required to be collected by a courier service on digitally ordered goods paid via Cash on Delivery (CoD)?
Test yourself: pick an answer
Reveal answer & explanation
Correct answer: B) B) 2%
Explanation
A tax has been introduced at the rate of 1% (for digital/banking channels) and 2% (for Cash on Delivery by courier services) of the gross amount on persons receiving payment for digitally ordered goods delivered from within Pakistan.
More Income from Business - Part One MCQs
- Q1Which of the following incomes is NOT chargeable to tax under the head "Income from Business"?
- Q2Mr. A incurred a loss of Rs. 500,000 in a speculation business during the tax year. How can this loss be treated under the Income Tax…
- Q3XYZ Limited entered into a forward contract for the purchase of raw materials used in its manufacturing business to guard against loss…
- Q4An employer paid a monthly salary of Rs. 35,000 to an employee in cash. How will this be treated when calculating the employer's taxable…
- Q5Under Section 21, any expenditure paid under a single account head exceeding Rs. 250,000 made in cash (otherwise than through a banking…