Income Tax Procedure Pleading Book Keeping And Accountancy Set 2
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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 2
Q1 | First appeal always file by......
- appellate tribunal
- commissioner
- assessee
- itat
Q2 | When assessee is not satisfied he can go in CIT appeal within.....
- 30days
- 60 days
- 90 days
- 120 days
Q3 | If the payee does not furnish PAN and TDS u/s 194 dividends shall be made @.....
- 20%
- 15%
- 10%
- nil
Q4 | The carry forward of losses is permissible if the return of income for the year in which loss incurred is......
- filled on time
- not filled on time
- filled in advance
- none of the above
Q5 | Rate of TDS (u/s 193) Interest on securities is.....
- 15%
- 12%
- 10%
- 20%
Q6 | Individual assessee is liable to pay advance tax in -----instalments during the financial year 19-20.
- 2
- 4
- 3
- lump sum
Q7 | TDS made by.......
- person making payment
- government
- income tax department
- income tax payer
Q8 | The rate of TDS on rental payment of plant & machinery of equipment is.....
- 1%
- 2%
- 5%
- 10%
Q9 | Assessing officer is.....
- assistant commissioner
- deputy commissioner
- income tax officer
- all of the above
Q10 | Interest for non-payment or short payment of advance tax ( u/s 234 B )......
- 1.5 % per month or part of the month
- 2% per month or part of the month
- 0.5% per month or part of the month
- 1% per month or part of the month
Q11 | Income Tax in India is charged at the rates prescribed by……..
- the finance act of the assessment year
- the income tax act 1961
- the central board of direct taxes
- the finance act of the previous year