Advance Tax, Tax deduction at Source – Test 5

At what rate, TDS would be deducted u/s 194A on interest payments made by firm to its partner ?

Mr.J has made interest bearing fixed deposit in the name of Registrar General of Court on directions of Court. In this case TDS would be deducted

Mr.GB has won lottery of Rs.5,000. TDS would be deducted @ _______ on such prize money.

An Individual has won lottery of Rs.1,00,000. TDS would be deducted @ ____ on such prize money.

An Individual has won prize money of Rs.10 lakhs in reality show Kaun Banega Multi Lakhpati. TDS would be Deducted @ __ on such prize money

A 10 year old kid has won prize money of Rs. 5 lakhs in dance realty show. TDS would be deducted @ _______ on such prize money

Which of the following prize money would be liable to TDS @ 30% u/s 194BB ?

Every person responsible for paying to ____ any income by way of winning from lottery, crossword puzzle or card game and other game of any sort is liable to deduct TDS @ 30% u/s 194 B ?

Every person responsible for paying any income by way of winning from lottery, crossword puzzle or card game and other game of any sort is liable to deduct TDS @ 30% u/s 194B, if the amount of payment exceeds ______

In April 2018, Sunny won cash prize of Rs. 1 lakh and a car worth Rs 6 lakhs in the reality game show. The total TDS liability comes to Rs.2,10,000. In this respect, select the correct statement from the following ?

Bhavesh won prize money of Rs.30,000 from betting in horse race. However, prize money would be paid in three instalments of Rs.10,000 each. Calculate the TDS on such amount u/s 194 BB ?

Manish won Rs.50,000 on betting from horse race. He also incurred a loss of Rs.10,000 from such betting. Calculate the amount of TDS ?

Section 194C provides for deduction of tax at source on the payments made to _______ contractors/sub-contractors.

Who would be liable to deduct tax at source on payments made to resident contractor u/s 194 C?

Mr. A is engaged in trading business and liable for Tax Audit for the first time during PY 2018-19. He has made payment to Mr.C for maintenance of his residential building. At what rate, TDS would be deducted u/s 194C during PY 2018-19 ?

XZZ India Ltd. has to make payment of Rs.50,000 per month to Mr. A for operation and maintenance of factory premises. At what rate, TDS would be deducted u/s 194C ?

AZZ India Ltd. has to make payment of Rs.40,000 per month to BCD Pvt Ltd. for operation and maintenance of factory premises. At what rate, TDS would be deducted u/s 194 C ?

SV India Ltd. has to make payment of Rs.20,000 per month to Suresh for maintenance of office building during whole PY 2018-10. At what rate, TDS would be deducted u/s 194C @

New India Ltd. paid remuneration for renewal or revival of policies of insurance to Robin amounting to Rs.22,000. What would be the TDS amount u/s 194D on such payment ?

R Ltd. paid commission for soliciting or processing insurance business to P India Ltd. amounting to Rs.2,00,000. What would be the TDS amount u/s 194D on such payment ?

PK Ltd. paid commission for soliciting insurance business to Mr.Maneet amounting to Rs.33,000. What would be the TDS amount u/s 194D on such payment, in case Maneet does not provides PAN to PK Ltd. ?

Anukush Ltd. paid commission for soliciting insurance business to Mr.Sumit amounting to Rs.11,000. Determine the amount of TDS to be deducted u/s 194D ?

Which of the following payments are covered u/s 194D ?

ABC Ltd. paid commission for soliciting or processing insurance business to Mr.Thomas, a non-resident amounting to Rs.14,000.Whether ABC Ltd, is liable to deduct TDS, if yes, under which section ABC Ltd, is liable to deduct TDS ?

IDIDI Ltd. credited commission for renewal of insurance policy on 10.04.2018 to Aman amounting to Rs.25,000. Actual payment is made on 30.06.2018. On which date, IDIDI Ltd would be liable to deduct TDS u/s 194D ?

MIV Ltd, paid a sum of Rs.1,50,000 in respect of life insurance policy at the time of maturity (including bonus of Rs.50,000 to Mr.Pradeep, which is not exempt u/s 10(10D). Determine the amount of TDS to be deducted u/s 194DA ?

LIC Ltd. paid aggregate sum of Rs.90,000 at the time of maturity of life insurance policy (including bonus of Rs.50,000), during FY 2018-19 to Mr.Pradeep. The amount paid to Mr.Pradeep is not exempt u/s 10(10D). Determine the amount of TDS to be deducted u/s 194DA ?

BCCI paid match participation fees to Mr.Lee, a non-resident sportsman amounting to Rs.1,00,000. Determine the amount of TDS to be deducted u/s 194E (excluding surcharge and cess) ?

BCCI paid Rs.1,50,000 to Mr.Billy, a non-resident umpire in respect of service rendered by him. Determine the amount of TDS to be deducted u/s 194E?

XYZ Associations India, paid match participation fees to Mr.Bolt, a non-resident athlete, amounting to Rs.2,00,000. Determine the amount of TDS to be deducted u/s 194E (excluding surcharge and cess) ?