In which of the following cases Mr.B would be deemed to be assessee-in-default ?
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Question 2 of 30
2. Question
1 points
Category: Taxation
Any person responsible for paying salaries shall be required to deduct tax at source at the
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Incorrect
Question 3 of 30
3. Question
1 points
Category: Taxation
Any person responsible for paying salaries shall be required to deduct tax at source at the average rate of Income-tax computed on the basis of rates in force for the relevant financial year in which
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Incorrect
Question 4 of 30
4. Question
1 points
Category: Taxation
Mr.Ram, has resigned from XYZ India Ltd. On September 30, 2018. He has drawn salary of Rs.30,000 per month and TDS of Rs.3,000 has been deducted from such income. He has joined new company ABC India on October 1, 2018 at salary of Rs.35,000 per month. ABC India should, subject to provision of details from Ram, deduct tax at source after considering salary of ___________during the PY 2018-19
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Question 5 of 30
5. Question
1 points
Category: Taxation
Mr.Gopal is working as senior manager in HBL India. He is getting salary of Rs.8 lakhs p.a. HBL India has given him rent free accommodation in Noida. Which of the following form would be given to him ?
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Question 6 of 30
6. Question
1 points
Category: Taxation
Employee is required to furnish evidence of tax deduction claimed by him in _________ to the employer ?
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Question 7 of 30
7. Question
1 points
Category: Taxation
Mr.Ramesh withdraws Rs.80,000 from his Recognised Provident Fund after completion of service of 8 years. Amount of TDS on such payment would be
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Question 8 of 30
8. Question
1 points
Category: Taxation
As per section 192A, premature withdrawal from Recognised Provident Fund would attract TDS @
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Incorrect
Question 9 of 30
9. Question
1 points
Category: Taxation
Mr.Suresh withdraws Rs.60,000 from his Recognised Provident Fund after completion of service of 4 years. Amount of TDS on such payment would be
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Incorrect
Question 10 of 30
10. Question
1 points
Category: Taxation
Mr.Rajan withdraws Rs.40,000 from his Recognised Provident Fund after completion of service of 3 years. Amount of TDS on such payment would be
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Incorrect
Question 11 of 30
11. Question
1 points
Category: Taxation
Interest on securities would attract TDS u/s 193 @
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Question 12 of 30
12. Question
1 points
Category: Taxation
What would be the rate of TDS when interest amounting Rs.3,000 was paid by Public Company on debentures issued to Individuals during PY 2018-19, assuming PAN of the recipient is available ?
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Incorrect
Question 13 of 30
13. Question
1 points
Category: Taxation
What would be the rate of TDS when Rs.10,000 interest was paid by Public Company on debentures issued to Individuals during PY 2018-19, assuming PAN of the recipient is available ?
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Incorrect
Question 14 of 30
14. Question
1 points
Category: Taxation
What would be the rate of TDS when interest amounting to Rs.1,00,000 was paid on listed debentures issued to Individual during PY 2018-19 ?
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Incorrect
Question 15 of 30
15. Question
1 points
Category: Taxation
Mr.Nikhil has received dividend on shares amounting Rs.1,00,000 issued by ABC India Ltd. during PY 2018-19. Such dividend would be
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Question 16 of 30
16. Question
1 points
Category: Taxation
Mr.Rajesh has received dividend on shares issued by Foreign company during PY 2018-19. Such dividend would be
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Incorrect
Question 17 of 30
17. Question
1 points
Category: Taxation
JBC India has declared divided to shareholders during PY 2018-19. At what rate, would such dividend would attract Dividend Distribution Tax (DDT) ?
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Incorrect
Question 18 of 30
18. Question
1 points
Category: Taxation
BC India has given loan to Mr.AV during PY 2018-19, who is holding 15% shares in such company. Such loan would be deemed as dividend in the hands of Mr.AV.Select the correct statement from the following ?
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Question 19 of 30
19. Question
1 points
Category: Taxation
Which of the following persons are not liable to deduct TDS on interest payments u/s 194A ?
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Incorrect
Question 20 of 30
20. Question
1 points
Category: Taxation
Liability to deduct TDS u/s 194A by banks would arise at the
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Incorrect
Question 21 of 30
21. Question
1 points
Category: Taxation
At what rate TDS would be deducted u/s 194A on interest payments made by bank to Individual, assuming PAN is available ?
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Incorrect
Question 22 of 30
22. Question
1 points
Category: Taxation
At what rate TDS would be deducted u/s 194A on interest payments made by bank to Indian company, assuming PAN is available ?
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Incorrect
Question 23 of 30
23. Question
1 points
Category: Taxation
On April 1, 2018, Mr. Lalit made a fixed deposit of Rs.1,00,000 with ABC Bank, which carries interest rate of 8% p.a. What would be the TDS deducted by bank on such interest payment ?
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Incorrect
Question 24 of 30
24. Question
1 points
Category: Taxation
On July 1, 2018, Mr.Amit has made a fixed deposit of Rs.1,20,000 with ABC Bank, which carries interest rate of 8% p.a. What would be the TDS amount to be deducted by bank on such interest payment ?
Correct
Incorrect
Question 25 of 30
25. Question
1 points
Category: Taxation
On July 1, 2018, Mr.B has made a fixed deposit of Rs.2,40,000 with ABC Bank. which carries interest rate of 10% p.a. What would be the TDS amount to be deducted by bank on such interest payment ?
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Incorrect
Question 26 of 30
26. Question
1 points
Category: Taxation
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 PY 2018-19. What would be the TDS amount to be deducted by bank on such interest payment on recurring deposit ?
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Incorrect
Question 27 of 30
27. Question
1 points
Category: Taxation
Mr. D, a 62 year old person, has made a fixed deposit of Rs.3,60,000 on May 1, 2018 for 9 months period. It carries interest @ 10% p.a. What would be the TDS amount to be deducted by bank on such interest payment on such fixed deposit ?
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Incorrect
Question 28 of 30
28. Question
1 points
Category: Taxation
On April 1, 2018, Mr.E has made a fixed deposit of Rs.50,000 each with three branches of HFC Bank (Which is CBS), located at Uttam Nagar, Dwarka and Rajouri Garden. Such fixed deposit is for a period of 12 months. It carries interest @ 10% p.a. What would be the TDS amount to be deducted by bank on interest payment on such fixed deposit ?
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Incorrect
Question 29 of 30
29. Question
1 points
Category: Taxation
On April 1, 2018, ADD India Ltd, has taken loan from Indian Bank of Rs.50 lakhs and it has to make payment of first EMI of loan, which includes interest of Rs.5 lakhs. What would be the TDS amount to be deducted by ADD India on such interest payment ?
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Incorrect
Question 30 of 30
30. Question
1 points
Category: Taxation
Mr.Kamlesh is awarded compensation by Motor Accident Claims Trubunal. He is also getting interest of Rs.2,000 on such compensation. What would be the TDS amount on such interest payment ?
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Incorrect
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