Income Tax Procedure Pleading Book Keeping And Accountancy Set 1
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This set of Income tax procedure pleading Book Keeping and Accountancy Multiple Choice Questions & Answers (MCQs) focuses on Income Tax Procedure Pleading Book Keeping And Accountancy Set 1
Q1 | The Income Tax Act 1961 came into force with effect from……..
- 1st april 1962
- 1st april 1961
- 31st march 1961
- none of the above
Q2 | Income Tax is charged in…….
- financial year
- assessment year
- previous year
- accounting year
Q3 | CBDT is control by…….
- central government
- state government
- both a and b
- none of the above
Q4 | Previous Year started from……
- april
- march
- january
- september
Q5 | Income Tax is a……
- business tax
- profession tax
- direct tax
- indirect tax
Q6 | Interest u/s 234B is payable by an Assesse due to the following reason……….
- defaults in furnishing return of income
- defaults in payable of advanced tax
- defaults in installment of advanced tax
- defaults due to non-deduction tax at source
Q7 | In which of the following assessment procedure Assesse compute his taxable income as well as tax on it.......
- best judgment assessment
- reassessment
- self-assessment
- regular assessment
Q8 | Tax is _ _ _ _ _ _ _ _ at source by the seller from the buyer at the time of debiting the amount account of the buyer or the receipt of payment whichever is earlier.
- deducted
- deposited
- payable
- collected
Q9 | Amount of advance tax paid on due date on or before December 15th by assessee is
- 75% of advance tax payable
- 30% of advance tax payable
- 10% of advance tax payable
- 5% of advance tax payable
Q10 | If recipient of income fails to furnish his Permanent Account Number to deduct of tax the tax shall be deducted
- at the rate specified in the relevant section
- at the rate or rates in forces
- at the rate of 20%
- higher of the above rate
Q11 | The period of 12 months commencing on the first day of April every year and ending on 31st March is called as_ _ _ _ _
- previous year
- assessment year
- accounting year
- financial year
Q12 | The highest Administration Authority for Income Tax in India is_ _ _ _ _
- finance minister
- cbdt
- president of india
- director of income tax
Q13 | The number allotted by income tax authorities to assessees for identification and which should be quoted in all documents and correspondences is_ _ _ _ _ _
- j.d.no.
- register no.
- permanent account number(pan)
- licence no.
Q14 | Deduction of tax at source made for incomes which can be calculated in advance is called_ _ _ _ .
- t.d.s.
- p.a.s
- f.a.s
- m.a.s.
Q15 | Due date of filing of return by a non-business assesse is _ _ _ _
- 30th june
- 31st october
- 31st july
- 30th november
Q16 | The agreement among the partners is called _ _ _ _
- partnership deed
- partnership by laws
- partnership constitution
- none of the above
Q17 | Assertion(A) an Assessee can pay his tax on the basis of his self-assessment(R) Reason (R) to 2% to 3% returns are went for scrutiny for the detailed checking of self-assessment returns.
- both (a) and (r) are true
- only (a) is true
- only (r) is true
- only (a) is true and (r) false
Q18 | The application for PAN is made in_ _ _ _
- form 49(b)
- form 49(a)
- form 49(c)
- form 51(a)
Q19 | The scheme of advance tax is commonly known as:
- pay as much as you
- earn more pay more
- pay as you earn
- a step to words, national building
Q20 | In case of salary, TDS certificate is issued in form?
- form 16
- form 16 a
- form 15
- form 15 h
Q21 | Form 16 is issued by the employer?
- annually
- quarterly
- half yearly
- monthly
Q22 | SUGAM is also known as
- itr-1
- itr-2
- itr-3
- itr-4
Q23 | Under which of the following categories partner of partnership firm will be assessed
- an individual
- huf
- firm
- body of individual
Q24 | TDS on sale of property form 16B4. TDS on rent form 16 CChoose the correct option from these below
- 1&2
- 3&4
- 1&4
- 2&3
Q25 | Sahaj form is also known as......
- itr 1
- itr 2
- itr 3
- itr 4