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CA Final Deduction, Collection and Recovery of Tax — practice questions — page 3

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 61–88 of 88.

A mistake in a filed TDS statement can be fixed throughRead the answer and worked solution →In a Government office paying without a challan, the statement is delivered by theRead the answer and worked solution →A person failing to deduct or pay tax is deemed to beRead the answer and worked solution →Section 201(1) expressly extends liability to a company'sRead the answer and worked solution →A deductor escapes default for a resident payee if the payeeRead the answer and worked solution →The relief proviso to 201(1) also needs a certificate from anRead the answer and worked solution →Interest for non-deduction under 201(1A)(i) runs per month atRead the answer and worked solution →The interest payable under section 201(1A) isRead the answer and worked solution →Interest under 201(1A) must be paid before furnishing theRead the answer and worked solution →Unpaid deducted tax with interest is under 201(2) aRead the answer and worked solution →If payee filed return, 201(1A)(i) interest runs till date ofRead the answer and worked solution →A TDS certificate under section 203 must specify the amount deducted and theRead the answer and worked solution →Under section 203, the certificate covers dividend at the time of issuingRead the answer and worked solution →An employer under 192(1A) certifies under 203(2) that tax has been paid toRead the answer and worked solution →Under 206C(1), a seller collects tax at debit or receipt, whichever isRead the answer and worked solution →Which goods are subject to collection under 206C(1)?Read the answer and worked solution →Which lease or licence falls under 206C(1C)?Read the answer and worked solution →'Mining and quarrying' in 206C(1C) does not includeRead the answer and worked solution →For 206C(1C), 'mineral oil' includesRead the answer and worked solution →Tax collected under 206C and paid to the Government is treated as paidRead the answer and worked solution →A seller fails to collect tax under 206C. He is still liable toRead the answer and worked solution →Collecting tax at source under 206C isRead the answer and worked solution →A collector must give the buyer a certificate that tax has beenRead the answer and worked solution →Under section 220(1), a demand notice amount is payable withinRead the answer and worked solution →Late payment of a demand attracts simple interest per month atRead the answer and worked solution →Under 220(3), the Assessing Officer may allow the assessee to payRead the answer and worked solution →Default in one instalment under 220(5) makes the assessee in default forRead the answer and worked solution →A shorter payment period than thirty days needs previous approval of theRead the answer and worked solution →

Worked practice questions

A mistake in a filed TDS statement can be fixed through

  1. A new PAN card
  2. Correction statement
  3. A court decree
  4. A revised contract
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Correct answer: B. Correction statement

The proviso to 200(3) lets the person deliver a correction statement to rectify mistakes or add, delete or update information.

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In a Government office paying without a challan, the statement is delivered by the

  1. The payee firm
  2. The tax auditor
  3. Treasury Officer
  4. The bank manager
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Correct answer: C. Treasury Officer

Sub-section (2A) places the duty on the Pay and Accounts Officer, Treasury Officer or Cheque Drawing and Disbursing Officer.

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A person failing to deduct or pay tax is deemed to be

  1. A protected payer
  2. A refund claimant
  3. An exempt payee
  4. An assessee in default
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Correct answer: D. An assessee in default

Section 201(1) deems the person an assessee in default for tax not deducted, not paid or deducted but unpaid.

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More Taxation topics

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