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