It is compulsory for _______ to file return of income or loss for every year on or before due date
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Question 2 of 30
2. Question
1 points
Category: Taxation
What would be the due date of filling return of income in case of company which is not liable to transfer pricing audit ?
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Question 3 of 30
3. Question
1 points
Category: Taxation
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 ?
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Question 4 of 30
4. Question
1 points
Category: Taxation
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 ?
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Question 5 of 30
5. Question
1 points
Category: Taxation
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 ?
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Question 6 of 30
6. Question
1 points
Category: Taxation
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 ?
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Question 7 of 30
7. Question
1 points
Category: Taxation
When is interest u/s 234A attracted ?
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Question 8 of 30
8. Question
1 points
Category: Taxation
What is the monthly rate of interest u/s 234A ?
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Question 9 of 30
9. Question
1 points
Category: Taxation
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.
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Question 10 of 30
10. Question
1 points
Category: Taxation
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.
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Question 11 of 30
11. Question
1 points
Category: Taxation
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.
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Question 12 of 30
12. Question
1 points
Category: Taxation
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.
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Question 13 of 30
13. Question
1 points
Category: Taxation
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
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Question 14 of 30
14. Question
1 points
Category: Taxation
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 ?
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Question 15 of 30
15. Question
1 points
Category: Taxation
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.
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Question 16 of 30
16. Question
1 points
Category: Taxation
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
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Question 17 of 30
17. Question
1 points
Category: Taxation
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.
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Question 18 of 30
18. Question
1 points
Category: Taxation
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
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Question 19 of 30
19. Question
1 points
Category: Taxation
Which of the following conditions should be satisfied for carry forward of business loss or loss under the head “Capital gains” ?
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Question 20 of 30
20. Question
1 points
Category: Taxation
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) ?
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Question 21 of 30
21. Question
1 points
Category: Taxation
Which of the following benefits would not be available, when return of loss is furnished after the due date prescribed u/s 139(1) ?
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Incorrect
Question 22 of 30
22. Question
1 points
Category: Taxation
Belated return of income can be revised upto __________ within the time allowed for filing revised return.
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Question 23 of 30
23. Question
1 points
Category: Taxation
Which of the following return can be revised u/s 139(5) ?
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Question 24 of 30
24. Question
1 points
Category: Taxation
When would a return of income be treated as defective return ?
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Question 25 of 30
25. Question
1 points
Category: Taxation
When can the AO condone the delay of assessee to rectify defect within 15 days of intimation ?
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Question 26 of 30
26. Question
1 points
Category: Taxation
Every person carrying on business or profession is mandatorily required to apply for PAN, if its total sale exceeds
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Question 27 of 30
27. Question
1 points
Category: Taxation
Every individual, AOP,BOI is mandatorily required to apply for PAN, if its total income exceeds
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Question 28 of 30
28. Question
1 points
Category: Taxation
In which of the following documents, quoting of PAN is mandatory ?
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Question 29 of 30
29. Question
1 points
Category: Taxation
In which of the following transactions, quoting of PAN is mandatory ?
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Question 30 of 30
30. Question
1 points
Category: Taxation
In which of the following cases, quoting of PAN is mandatory for payment to a restaurant or payment in connection with foreign travel ?
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