Provision for filing return of income and self Assessment- Test 1

It is compulsory for _______ to file return of income or loss for every year on or before due date

What would be the due date of filling return of income in case of company which is not liable to transfer pricing audit ?

An individual is earning income of Rs.40 lakhs from non-specified business. What would be the due date of filling return of income for such individual ?

An individual is earning income of Rs.4 crores from business. What would be the due date of filing return of income for such individual ?

An Indian company has undertaken international transactions with its foreign associated enterprise. What would be the due date of filing return of income for Indian company ?

Mr.B is a partner in an Indian firm whose books are required to be audited. What would be the due date of filing return of income for Mr.B ?

When is interest u/s 234A attracted ?

What is the monthly rate of interest u/s 234A ?

Mr.Ramesh has filed his income-tax return for AY 2019-20 after due date of filing return of income on August 30, 2019. He has unpaid income tax liability of Rs.20,000. Calculate interest u/s 234A assuming the due date of filing ROI is July 31, 2019.

Mr.Ramesh has filed his income tax return for AY 2019-20 after due date on September 5,2019. He has unpaid income tax liability of Rs.20,000. Calculate interest u/s 234A.

Mr.Ramesh has filed his income-tax return for AY 2019-20 after due date on August 10,2019. His total income tax liability is Rs.50,000. However, he has paid Rs.5,000 as self-assessment tax and amount of tax deducted on such income is Rs.5,000. Calculate interest u/s 234A.

Mr.Aman has filed his income-tax return for Ay 2019-20 after due date on September 15,2019. His total income tax liability is Rs.50,000. However, he has paid Rs.5,000 as self-assessment  tax and amount of tax deducted on such income is Rs.5,000. Calculate interest u/s 234A.

Mr. Raman has filed his income-tax return for AY 2019-20 after due date on November 15,2019. His total income tax liability is Rs.60,000. However, he has paid income-tax of Rs.20,000 as self assessment tax u/s 140A. Amount of tax deducted on such incopme is Rs.10,000. Calculate interest u/s 234A

Mr.Chaman filed his income-tax return for AY 2019-20  after due date on November 30, 2019. His total income during the PY 2018-19 is Rs. 8,00,000. Calculate the late fee required to be paid u/s 234F ?

Mr.Pradeep has filed his income-tax return for AY 2019020 on January 30,2020. He has only salary income of Rs.10,00,000 on which TDS is deducted by the employer. He has no outstanding tax liability. Calculate the late fee required to be paid u/s 234F.

Mr. Nikhil has filed his income-tax return for AY 2019-20 after due date on January 1, 2020. He has earned total income of Rs.2,00,000 during Py 2018-19. Calculate the late fee required to be paid u/s 234 F

Mr.Nikhil has filed his income-tax return for AY 2019-20 after due date on September 1,2019. He has earned total income of Rs.3,50,000 and he has claimed deduction of Rs.50,000 under Chapter VI-A. His total tax liability is Nil. Calculate the late fee required to be paid u/s 234F.

Mr.Yuvraj has filed his income-tax return for AY 2019-20 after due date on March 31,2020. He has earned total income of Rs.6,00,000 during PY 2018-19. Calculate the late fee required to be paid u/s 234F

Which of the following conditions should be satisfied for carry forward of business loss or loss under the head “Capital gains” ?

Which of the following losses can be carried forward set-off, even if return of income is furnished after the due date prescribed u/s 139(1) ?

Which of the following benefits would not be available, when return of loss is furnished after the due date prescribed u/s 139(1) ?

Belated return of income can be revised upto __________ within the time allowed for filing revised return.

Which of the following return can be revised u/s 139(5) ?

When would a return of income be treated as defective return ?

When can the AO condone the delay of assessee to rectify defect within 15 days of intimation ?

Every person carrying on business or profession is mandatorily required to apply for PAN, if its total sale exceeds

Every individual, AOP,BOI is mandatorily required to apply for PAN, if its total income exceeds

In which of the following documents, quoting of PAN is mandatory ?

In which of the following transactions, quoting of PAN is mandatory ?

In which of the following cases, quoting of PAN is mandatory for payment to a restaurant or payment in connection with foreign travel ?