Top 50+ Solved Income tax procedure pleading Book Keeping and Accountancy MCQ Questions Answer
Q. Individual assessee is liable to pay advance tax in -----instalments during the financial year 19-20.
a. 2
b. 4
c. 3
d. lump sum
Q. TDS made by.......
a. person making payment
b. government
c. income tax department
d. income tax payer
Q. The rate of TDS on rental payment of plant & machinery of equipment is.....
a. 1%
b. 2%
c. 5%
d. 10%
Q. Assessing officer is.....
a. assistant commissioner
b. deputy commissioner
c. income tax officer
d. all of the above
Q. Interest for non-payment or short payment of advance tax ( u/s 234 B )......
a. 1.5 % per month or part of the month
b. 2% per month or part of the month
c. 0.5% per month or part of the month
d. 1% per month or part of the month
Q. Income Tax in India is charged at the rates prescribed by……..
a. the finance act of the assessment year
b. the income tax act 1961
c. the central board of direct taxes
d. the finance act of the previous year