CA Inter Income Tax MCQs – ADVANCE TAX, TDS AND TCS

Question 1

In which of the following cases, Mr. B would be deemed to be assessee-in-default ?

a. Mr. B has made payment for professional services to Mr. A without deduction of tax at source. While filing return of income Mr. A has included such income and paid taxes on it ;

b. Mr. B has made payment for professional services to Mr. A without deduction of tax at source. While filing return of income Mr. A has not included such income ;

c. Both A and B ;

d. None of the above




Question 2

Employee is required to furnish evidence of tax deduction claimed by him in ________ to the employer ?

a. Form No. 12B ;

b. Form No 12BA ;

c. Form No. 10E ;

d. None of the above

Question 3

As per Section 192A, premature withdrawal from recognised provident fund would attract TDS @ ________

a. 5% ;

b. 20% ;

c. 10% ;

d. Nil

Question 4

Mr. Rajesh has received dividend on shares issued by foreign company during the PY 2018-19. Such dividend would be __________

a. Taxable at 10% ;

b. Exempt from tax in the hands of Mr. Rajesh ;

c. Taxable at slab rate applicable to such Individual ;

d. Taxable at 20%




Question 5

Mr. C has made a recurring deposit of Rs. 10,000 per month for a period of 12 months. The first instalment of recurring deposit starts from August 1, 2018. Interest of Rs. 9,000 accrue on such deposit during the PY 2018-19. What would be the TDS amount to be deducted by bank on such interest payment on recurring deposit ?

a. Rs. 900 ;

b. Rs. 1800 ;

c. Rs. 450 ;

d. Nil

CA Inter Income Tax MCQs

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