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