Start learning →

CA Final Permanent Account Number — practice questions — page 2

Explore 82 free Permanent Account Number questions in CA Final Taxation. Open each question or exercise to read its content, reference answers and available explanation.

Practise Permanent Account Number with Quill →

Permanent Account Number questions and exercises with answers

Showing questions 31–60 of 82.

What is the main objective of an advance ruling?Read the answer and worked solution →Critics link private tax rulings to which international concern?Read the answer and worked solution →Which pattern correctly describes the layout of a PAN?Read the answer and worked solution →Which character of a PAN tells the type of holder, such as company or firm?Read the answer and worked solution →The tenth character of a PAN is used as aRead the answer and worked solution →PAN issuance in India works under the supervision of which body?Read the answer and worked solution →A penalty for breaching section 139A is levied under which section?Read the answer and worked solution →Under section 272B, the penalty for each PAN default isRead the answer and worked solution →Which form is used to apply for a PAN by an Indian citizen?Read the answer and worked solution →Foreign citizens apply for a new PAN usingRead the answer and worked solution →Because foreign nationals can hold a PAN, it is not accepted as proof ofRead the answer and worked solution →Holding more than one PAN at the same time isRead the answer and worked solution →A person whose income exceeds the maximum amount not chargeable to tax mustRead the answer and worked solution →Business turnover likely above what sum triggers PAN under section 139A(1)(ii)?Read the answer and worked solution →Which trusts must obtain PAN because they file a return under section 139(4A)?Read the answer and worked solution →A resident non-individual must get PAN if financial transactions in a year aggregate toRead the answer and worked solution →Under section 139A(1)(vi), which persons linked to a high-transaction entity must also apply for PAN?Read the answer and worked solution →A person not mandatorily required to hold PAN applies for one. The Assessing OfficerRead the answer and worked solution →A minor with no taxable income enters a Rule 114B transaction. Whose PAN is quoted?Read the answer and worked solution →A person without PAN who enters a Rule 114B transaction may submitRead the answer and worked solution →Which kinds of taxpayers cannot give a Form 60 declaration in place of PAN?Read the answer and worked solution →A false statement in a Form 60 declaration invites prosecution under which section?Read the answer and worked solution →For a false Form 60 where tax sought to be evaded exceeds Rs 25 lakh, the minimum imprisonment isRead the answer and worked solution →For a false Form 60 in smaller evasion cases, the maximum imprisonment isRead the answer and worked solution →What does Form 61 contain?Read the answer and worked solution →Form 61 is furnished to the department byRead the answer and worked solution →How long must a person who files Form 61 retain the related Form 60?Read the answer and worked solution →Form 60 declarations received from 1 April to 30 September go into Form 61 due onRead the answer and worked solution →How often is Form 61 furnished?Read the answer and worked solution →Which deal needs PAN under Rule 114B at any amount?Read the answer and worked solution →

Worked practice questions

What is the main objective of an advance ruling?

  1. Raising tax rates on traders
  2. Penalising the defaulters
  3. Legal certainty beforehand
  4. Closing old assessments
Show answer and solution

Correct answer: C. Legal certainty beforehand

It clarifies how rules apply to planned activities, reducing the risk of later disputes and penalties.

Open this question →

Critics link private tax rulings to which international concern?

  1. Currency devaluation risks
  2. Base erosion and profit shifting
  3. Customs tariff reductions
  4. Excess cost of auditing
Show answer and solution

Correct answer: B. Base erosion and profit shifting

Rulings granted to multinationals were criticised as sweetheart deals that facilitate BEPS.

Open this question →

Which pattern correctly describes the layout of a PAN?

  1. Four letters, five digits, one letter
  2. Five digits, four letters, one digit
  3. Three letters, six digits, one letter
  4. Five letters, four digits, one letter
Show answer and solution

Correct answer: D. Five letters, four digits, one letter

The first five characters are letters, the next four are numerals and the tenth is a letter.

Open this question →

How to practise

  1. Choose a Permanent Account Number question and try to work out your answer.
  2. Open the question to check the correct answer and read its worked solution.
  3. Continue in the app for bite-sized lessons, explanations and review with Quill. You can start without creating an account.

More Taxation topics

Double TaxationTransfer PricingDeduction, Collection and Recovery of TaxIncome Tax DepartmentBasic ConceptsAnti-avoidance ProvisionsAppeals, Revision and Dispute ResolutionSpecial Tax Regimes for Companies