Pakistan Income Tax MCQs (With Answers)

51. The maximum number of employees for a Small Company is: 100 200 250 300

Explanation:
Under Section 2(59AB)(ia), a Small Company must have total employees not exceeding 250.

Reference: Reference: Section 2(59A) - ITO, 2001

52. The annual turnover limit for a Small Company is: Rs. 200 million Rs. 250 million Rs. 300 million Rs. 350 million

Explanation:
Under Section 2(59AB)(ii), a Small Company must have annual turnover not exceeding Rs. 250 million.

Reference: Section 2(59AB). Small Company - ITO, 2001

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