Advance Tax, Tax deduction at Source – Test 1

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

Any person responsible for paying salaries shall be required to deduct tax at source at the

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

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

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 ?

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

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

As per section 192A, premature withdrawal from Recognised Provident Fund would attract TDS @

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

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

Interest on securities would attract TDS u/s 193 @

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 ?

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 ?

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 ?

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

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

JBC India has declared divided to shareholders during PY 2018-19. At what rate, would such dividend would attract Dividend Distribution Tax (DDT) ?

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 ?

Which of the following persons are not liable to deduct TDS on interest payments u/s 194A ?

Liability to deduct TDS u/s 194A by banks would arise at the

At what rate TDS would be deducted u/s 194A on interest payments made by bank to Individual, assuming PAN is available ?

At what rate TDS would be deducted u/s 194A on interest payments made by bank to Indian company, assuming PAN is available ?

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 ?

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 ?

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 ?

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 ?

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 ?

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 ?

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 ?

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 ?