Top 50+ Solved Income Tax Authorities MCQ Questions Answer
From 1 to 10 of 10
Q. ITAT all decisions are taken by majority of member’s, if the Members are equallydivided then the final vote will have of
a. President
b. Chairman
c. Assessing officer
d. Majority Of member
Q. For ITAT special powers of stay is available and stay will automatically Get vacated ifmatter is not decided in time of.
a. 6 months
b. 9 months
c. 12 months
d. 18 months
Q. Assessment under following section is termed as scrutiny assessment
a. 143(3)
b. 144
c. Both of the above
d. None of the above
Q. An appeal to the Commissioner of Income-tax (Appeals) shall be filed in Form No.________.
a. 35
b. 36
c. 34C
d. 35B
Q. The Commissioner of Income-tax (Appeals) is the ________ appellate authority
a. First
b. Second
c. Third
d. Fourth
Q. There are certain specified financial transactions in which quoting of PAN is mandatory. If a person intending to enter into such transaction does not hold PAN then, he has to furnish;
a. Form 60
b. Form 49A
c. Form 49C
d. Form 49AA
Q. Mr. A is not a citizen of India. He wants to apply for PAN in India and he has consulted you to provide him the applicable form for application of PAN. What would be correct Form;
a. Form 49A
b. Form 49B
c. Form 49AA
d. None of above
Q. Which of the following can be corrected while processing the return of income under section 143(1)?
a. any arithmetical error in the return
b. any error in the return of income
c. any mistake in the return of income
d. any claim by the taxpayer which is against law
Q. E-filing of return in case of an office of the Government/company and a firm whoseaccounts are liable to be audited is:
a. mandatory
b. optional
c. mandatory when its income exceeds Rs. `5,00,000
d. mandatory when its income exceeds Rs. 10,00,00
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