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CA Inter Advance Tax, TDS and TCS — practice questions — page 2

Explore 81 free Advance Tax, TDS and TCS questions in CA Inter Taxation. Open each question or exercise to read its content, reference answers and available explanation.

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Advance Tax, TDS and TCS questions and exercises with answers

Showing questions 31–60 of 81.

A senior citizen's bank deposit interest is free of 194A TDS up to what yearly amount?Read the answer and worked solution →No TDS under section 194J if fees in the financial year do not exceed what amount?Read the answer and worked solution →Commission or brokerage below what yearly amount needs no TDS under section 194H?Read the answer and worked solution →Section 194-IA applies if property consideration and stamp duty value exceed what amount?Read the answer and worked solution →Section 194M TDS applies once aggregate payments to a resident in a year exceed what?Read the answer and worked solution →Cash withdrawals from a bank by a regular return filer attract 194N TDS beyond what limit?Read the answer and worked solution →The 194N limit of Rs 1 crore rises to what amount for withdrawals from a co-operative society?Read the answer and worked solution →A buyer must deduct 194Q TDS on goods purchased from a resident above what yearly value?Read the answer and worked solution →No TDS on benefits or perquisites under 194R if the yearly value does not exceed what?Read the answer and worked solution →Under section 194T, no tax is deducted from partner payments up to what yearly total?Read the answer and worked solution →Insurance commission needs no TDS under 194D if the yearly amount does not exceed what?Read the answer and worked solution →E-commerce payments to a resident individual or HUF escape 194-O TDS up to what yearly amount?Read the answer and worked solution →No TDS arises on VDA transfers by a specified person if the yearly value does not exceed what?Read the answer and worked solution →For a payer who is not a specified person, 194S TDS is not needed up to what yearly value?Read the answer and worked solution →No TDS arises on a life insurance payout income under 194DA if it is below what amount?Read the answer and worked solution →Provident fund payout of an employee needs no TDS under 192A if the amount is below what?Read the answer and worked solution →In other cases of interest not on securities, 194A TDS is skipped up to what yearly amount?Read the answer and worked solution →Dividend paid by a mode other than cash needs no 194 TDS up to what yearly amount?Read the answer and worked solution →TCS on remittance under the Liberalised Remittance Scheme starts above what yearly amount?Read the answer and worked solution →TCS on sale of a motor vehicle is not collected if its value does not exceed what?Read the answer and worked solution →From which date does TCS on sale of goods under section 206C(1H) stop applying?Read the answer and worked solution →Section 194F on mutual fund unit repurchase ceased to apply from which date?Read the answer and worked solution →From which date is TDS on payments to partners under section 194T effective?Read the answer and worked solution →Part A of Form 15CA is used for payments to a non-resident up to which yearly aggregate?Read the answer and worked solution →A company must have paid what share of its advance tax by 15 June?Read the answer and worked solution →What cumulative share of advance tax is due from a company by 15 September?Read the answer and worked solution →By 15 December a company's cumulative advance tax should be at least what share?Read the answer and worked solution →By 15 March, advance tax paid by a company must total what share of its liability?Read the answer and worked solution →Section 234C interest on a non-company instalment shortfall runs at what rate?Read the answer and worked solution →A company escapes 234C interest on the 15 June shortfall if it paid at least what share by then?Read the answer and worked solution →

Worked practice questions

A senior citizen's bank deposit interest is free of 194A TDS up to what yearly amount?

  1. Rs 50,000
  2. Rs 2,00,000
  3. Rs 1,00,000
  4. Rs 40,000
Show answer and solution

Correct answer: C. Rs 1,00,000

For senior citizens the 194A limit on bank interest is doubled to Rs 1,00,000 a year.

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No TDS under section 194J if fees in the financial year do not exceed what amount?

  1. Rs 1,00,000
  2. Rs 20,000
  3. Rs 30,000
  4. Rs 50,000
Show answer and solution

Correct answer: D. Rs 50,000

The 194J limit for professional fees, technical fees and royalty stands at Rs 50,000 a year.

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Commission or brokerage below what yearly amount needs no TDS under section 194H?

  1. Rs 15,000
  2. Rs 1,00,000
  3. Rs 50,000
  4. Rs 20,000
Show answer and solution

Correct answer: D. Rs 20,000

The 194H threshold is Rs 20,000 for commission or brokerage in a financial year.

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