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CA Final Deduction, Collection and Recovery of Tax — practice questions — page 2

Explore 88 free Deduction, Collection and Recovery of Tax questions in CA Final Taxation. Open each question or exercise to read its content, reference answers and available explanation.

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Deduction, Collection and Recovery of Tax questions and exercises with answers

Showing questions 31–60 of 88.

Broadcasting and telecasting for 194C includeRead the answer and worked solution →The payee whose receipts attract section 194C deduction must beRead the answer and worked solution →Under the 194C(5) proviso, a small payment is still taxed once the year's aggregateRead the answer and worked solution →Under 194C(1), which payee class attracts the lower deduction percentage?Read the answer and worked solution →An individual or HUF paying interest becomes liable under 194A whenRead the answer and worked solution →Which interest is outside section 194A because it is dealt with elsewhere?Read the answer and worked solution →Under 194A(3), interest credited by a firm to its partner attractsRead the answer and worked solution →A non-bank co-operative society pays interest to its member. Section 194A deductionRead the answer and worked solution →Interest paid to which payee escapes section 194A under sub-section (3)?Read the answer and worked solution →Interest credited on compensation awarded by the Motor Accidents Claims Tribunal under 194ARead the answer and worked solution →Under 194A(4), the payer may adjust the deduction to correctRead the answer and worked solution →For 194A, 'time deposits' are deposits repayable onRead the answer and worked solution →For 194A, a 'senior citizen' is a resident individual agedRead the answer and worked solution →A bank has adopted core banking. Its 194A time-deposit limit is computed perRead the answer and worked solution →Commission on which is outside the scope of section 194H?Read the answer and worked solution →A payment for which service is NOT 'commission or brokerage' under 194H?Read the answer and worked solution →Which is named as a professional service in the 194H explanation?Read the answer and worked solution →Under 194H, 'securities' take their meaning from theRead the answer and worked solution →Under 194J, director's remuneration is covered when it isRead the answer and worked solution →An individual pays professional fees exclusively for personal use. Section 194J deductionRead the answer and worked solution →The 194J explanation lists which profession as professional services?Read the answer and worked solution →Section 195 does not reach income chargeable under the headRead the answer and worked solution →Under 195(2), a payer who thinks only part of the sum is income may apply toRead the answer and worked solution →Under 195(3), the Assessing Officer's certificate authorises the payee to receiveRead the answer and worked solution →A 195(3) certificate remains in force until expiry of its period or itsRead the answer and worked solution →Under 195(6), information on payments to non-residents must be furnishedRead the answer and worked solution →Who makes rules on cases where a 195(3) certificate may be sought?Read the answer and worked solution →A lower deduction certificate under 197 is granted when the officer is satisfied thatRead the answer and worked solution →Under section 200, a deductor must pay the deducted sum toRead the answer and worked solution →After paying deducted tax, a deductor must prepare and deliverRead the answer and worked solution →

Worked practice questions

Broadcasting and telecasting for 194C include

  1. Spectrum auction fees
  2. Licence fee refunds
  3. Production of programmes
  4. Cable network rent
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Correct answer: C. Production of programmes

Work is defined to cover broadcasting and telecasting including production of programmes for such broadcasting or telecasting.

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The payee whose receipts attract section 194C deduction must be

  1. A foreign company
  2. A non-resident
  3. A foreign entity
  4. A resident payee
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Correct answer: D. A resident payee

Section 194C applies to sums paid to a resident for carrying out work under a contract.

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Under the 194C(5) proviso, a small payment is still taxed once the year's aggregate

  1. Exceeds the limit
  2. Is paid by cheque
  3. Is paid to a firm
  4. Is paid in March
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Correct answer: A. Exceeds the limit

The proviso makes the payer liable to deduct when the financial year's aggregate of such sums exceeds the stated annual limit.

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Double TaxationTransfer PricingIncome Tax DepartmentPermanent Account NumberBasic ConceptsAnti-avoidance ProvisionsAppeals, Revision and Dispute ResolutionSpecial Tax Regimes for Companies