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CA Inter Advance Tax, TDS and TCS — practice questions — page 3

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 61–81 of 81.

In section 234C, tax due on returned income is reduced by which amount?Read the answer and worked solution →A company's advance tax liability is Rs 8,00,000. What must it have paid cumulatively by 15 September?Read the answer and worked solution →Which TDS certificate is issued by an employer to salaried employees?Read the answer and worked solution →Which certificate is issued for TDS on income other than salary?Read the answer and worked solution →On which portal can a taxpayer view Form 26AS showing TDS and TCS details?Read the answer and worked solution →Through which form is TDS on rent under section 194-IB deposited?Read the answer and worked solution →Which detail appears in Part A of Form 16?Read the answer and worked solution →In the TDS system, who gets credit for the tax deducted at assessment?Read the answer and worked solution →TDS under section 194-IA on a property purchase must be deposited within how many days of month end?Read the answer and worked solution →A firm pays Rs 8,00,000 to a company contractor under one contract. What is the 194C TDS?Read the answer and worked solution →A company pays Rs 3,00,000 as fees for technical services. What is the TDS under 194J?Read the answer and worked solution →A company pays Rs 60,000 a month for 12 months as machinery rent. Total TDS under 194-I?Read the answer and worked solution →A firm pays Rs 75,000 monthly office rent for a full year. Total TDS under 194-I?Read the answer and worked solution →A buyer pays Rs 80 lakh for a flat from a resident seller. What is the 194-IA TDS?Read the answer and worked solution →A buyer liable under 194Q purchases goods worth Rs 1.6 crore from a resident seller in a year. Total TDS?Read the answer and worked solution →A firm gives a resident dealer a free trip valued at Rs 80,000. What 194R TDS applies?Read the answer and worked solution →A person wins Rs 50,000 in a lottery. Ignoring surcharge and cess, how much TDS under 194B?Read the answer and worked solution →A firm pays a partner Rs 5,00,000 as remuneration. What is the 194T TDS?Read the answer and worked solution →A company pays Rs 4,50,000 as brokerage to a resident agent. What is the 194H TDS?Read the answer and worked solution →A person not a specified person sells crypto worth Rs 3,00,000 to a buyer. What is the 194S TDS?Read the answer and worked solution →An individual contractor gets three payments of Rs 20,000 each in a year. What is the 194C TDS?Read the answer and worked solution →

Worked practice questions

In section 234C, tax due on returned income is reduced by which amount?

  1. TDS or TCS on income
  2. Penalty under section 271
  3. Late fee under section 234F
  4. Interest under section 234B
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Correct answer: A. TDS or TCS on income

The Explanation excludes tax deductible or collectible at source on income included in the total income.

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A company's advance tax liability is Rs 8,00,000. What must it have paid cumulatively by 15 September?

  1. Rs 3,60,000
  2. Rs 1,20,000
  3. Rs 2,40,000
  4. Rs 6,00,000
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Correct answer: A. Rs 3,60,000

The company must have paid 45 percent by 15 September, which is Rs 3,60,000 of Rs 8,00,000.

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Which TDS certificate is issued by an employer to salaried employees?

  1. Form 26AS
  2. Form 16
  3. Form 26QC
  4. Form 16A
Show answer and solution

Correct answer: B. Form 16

Employers give Form 16 to employees as the certificate of tax deducted from salary.

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