ICAB CL Principles of Taxation Practice Questions - ICAB CA Certificate Level Principles of Taxation (Bangladesh) Exam - ICAB CL Principles of Taxation Practice Questions - ICAB CA Certificate Level Principles of Taxation (Bangladesh) Exam

Question 1

Which canon of taxation, formulated by Adam Smith, states that the tax which each individual is bound to pay ought to be clear, plain, and not arbitrary to the contributor or any other person?

Canon of convenience Canon of economy Canon of certainty Canon of equality

Correct Answer:

Canon of certainty

Question 2

Which of the following is a primary characteristic of direct taxes in Bangladesh, such as personal income tax, compared to indirect taxes?

The tax burden is shifted to the final consumer The impact and incidence of the tax fall on the same person It is regressive in nature, affecting the poor more than the rich It is collected at the point of sale of goods and services

Correct Answer:

The impact and incidence of the tax fall on the same person

Question 3

Which body serves as the apex authority for tax administration, policy formulation, and collection of direct and indirect taxes in Bangladesh?

Ministry of Commerce National Board of Revenue Bangladesh Bank Ministry of Planning

Correct Answer:

National Board of Revenue

Question 4

In tax policy, what is the key difference between horizontal equity and vertical equity?

Horizontal equity requires taxing different income sources differently, while vertical equity taxes all sources equally Horizontal equity requires individuals with equal ability to pay to pay equal taxes, while vertical equity requires individuals with greater ability to pay to pay more taxes Horizontal equity applies only to direct taxes, while vertical equity applies only to indirect taxes Horizontal equity refers to taxing corporations, while vertical equity refers to taxing individual employees

Correct Answer:

Horizontal equity requires individuals with equal ability to pay to pay equal taxes, while vertical equity requires individuals with greater ability to pay to pay more taxes

Question 5

Under the ICAB Code of Ethics, which fundamental ethical principle is threatened when a chartered accountant in tax practice is pressured by a client to misrepresent business expenses to reduce taxable income?

Confidentiality Professional competence and due care Integrity Objectivity

Correct Answer:

Integrity

Question 1

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Prepare with the ICAB CL Principles of Taxation Practice Questions - ICAB CA Certificate Level Principles of Taxation (Bangladesh) Exam practice quiz. This question bank includes 100 questions covering income, bangladesh, business, year, and individual. Use it to review important concepts, identify knowledge gaps, and build confidence for the related exam, course, or assessment.

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ICAB CL Principles of Taxation Practice Questions - ICAB CA Certificate Level Principles of Taxation (Bangladesh) Exam

This practice set contains 100 questions from the matching question bank and focuses on income, bangladesh, business, year, and individual. Work through each question carefully, review the provided solutions, and revisit topics that need more study before your next attempt.

This is an independent study resource intended for practice and review; it is not an official examination or an endorsement by any organization named in the title.

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ICAB CL Principles of Taxation Practice Questions - ICAB CA Certificate Level Principles of Taxation (Bangladesh) Exam

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