ICAB PL Business Planning Taxation and Compliance Practice Questions - ICAB CA Professional Level Business Planning Taxation and Compliance (Bangladesh) Exam - ICAB PL Business Planning Taxation and Compliance Practice Questions - ICAB CA Professional Level Business Planning Taxation and Compliance (Bangladesh) Exam

Question 1

Under the definition of 'resident' in Section 2 of the Income Tax Act 2023 (ITA 2023), which of the following criteria determines that an individual is a resident in Bangladesh for tax purposes in an income year?

The individual is present in Bangladesh for a period of 182 days or more in the relevant income year The individual is a citizen of Bangladesh and maintains a bank account in Bangladesh regardless of physical presence The individual owns immovable residential property in Bangladesh for at least 365 days The individual stays in Bangladesh for at least 60 days in the income year and 180 days in the preceding four years

Correct Answer:

The individual is present in Bangladesh for a period of 182 days or more in the relevant income year

Question 2

Mr. Karim, a foreign national, arrived in Bangladesh on October 1, 2024, and departed on February 15, 2025 (staying 138 days in the income year 2024-2025). During the preceding four income years, he was physically present in Bangladesh for an aggregate of 380 days. What is his tax residential status for the assessment year 2025-2026 under the residency definition in Section 2 of ITA 2023?

Non-resident, because his stay in 2024-2025 is less than 182 days Resident, because his stay in 2024-2025 is at least 90 days and his stay in the preceding four years is at least 365 days Resident, because any foreign national staying over 120 days is automatically treated as resident Non-resident, because foreign nationals cannot qualify under the 4-year cumulative presence rule

Correct Answer:

Resident, because his stay in 2024-2025 is at least 90 days and his stay in the preceding four years is at least 365 days

Question 3

Under the Income Tax Act 2023, which condition classifies a limited company as a 'resident company' in Bangladesh?

More than 50% of its board of directors are Bangladeshi passport holders At least 51% of its gross turnover is earned from sales within Bangladesh It is incorporated under the Companies Act of Bangladesh or its control and management of affairs is situated wholly in Bangladesh It maintains a registered liaison office approved by BIDA in Bangladesh

Correct Answer:

It is incorporated under the Companies Act of Bangladesh or its control and management of affairs is situated wholly in Bangladesh

Question 4

Under Section 26 of ITA 2023 (scope of total income), what is the key difference between the scope of total income for a resident taxpayer versus a non-resident taxpayer in Bangladesh?

A resident is taxed only on income remitted through banking channels, whereas a non-resident is taxed on gross global receipts A resident is taxed on worldwide income (accruing in or outside Bangladesh), whereas a non-resident is taxed only on income received, accruing, or arising in Bangladesh A resident is exempted from capital gains tax, whereas a non-resident is taxed at flat 30% on all receipts A resident is taxed on gross income without deductions, whereas a non-resident is taxed on net profit

Correct Answer:

A resident is taxed on worldwide income (accruing in or outside Bangladesh), whereas a non-resident is taxed only on income received, accruing, or arising in Bangladesh

Question 5

How many statutory heads of income are classified under Section 30 of the Income Tax Act 2023?

5 heads of income 6 heads of income 7 heads of income 9 heads of income

Correct Answer:

7 heads of income

Question 1

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Prepare with the ICAB PL Business Planning Taxation and Compliance Practice Questions - ICAB CA Professional Level Business Planning Taxation and Compliance (Bangladesh) Exam practice quiz. This question bank includes 100 questions covering section, income, bangladesh, rate, and company. Use it to review important concepts, identify knowledge gaps, and build confidence for the related exam, course, or assessment.

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ICAB PL Business Planning Taxation and Compliance Practice Questions - ICAB CA Professional Level Business Planning Taxation and Compliance (Bangladesh) Exam

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

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ICAB PL Business Planning Taxation and Compliance Practice Questions - ICAB CA Professional Level Business Planning Taxation and Compliance (Bangladesh) Exam

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