pathfinder - The Institute of Chartered Accountants of Nigeria
pathfinder - The Institute of Chartered Accountants of Nigeria
pathfinder - The Institute of Chartered Accountants of Nigeria
You also want an ePaper? Increase the reach of your titles
YUMPU automatically turns print PDFs into web optimized ePapers that Google loves.
PATHFINDER4. Which is the relevant tax authority for unincorporated entities, individuals andbody <strong>of</strong> individuals?A. Local Government Joint Revenue CommitteeB. State Internal Revenue ServiceC. Federal Inland Revenue ServiceD. Federal Ministry <strong>of</strong> FinanceE. Joint State Revenue Committee.5. What is the time limit for filing self assessment returns by corporateorganizations?A. Six months before the accounting year -endB. One year after the accounting year- endC. One year before the accounting year- endD. Six months after the accounting year -endE. 3 months after the accounting year- end.6. What is the time limit allowed for payment <strong>of</strong> undisputed tax liabilities from thedate <strong>of</strong> notice <strong>of</strong> assessment?A. 60 daysB. 120 daysC. 180 daysD. 360 daysE. 90 days.7. Which <strong>of</strong> the following does restriction on carry forward <strong>of</strong> losses apply?A. Agricultural companiesB. Insurance companiesC. IndividualsD. Manufacturing companiesE. Trading organizations.INTERMEDIATE EXAMINATION - NOVEMBER 201054
Change language