Start learning →

CA Inter Return of Income — practice questions — page 2

Explore 54 free Return of Income questions in CA Inter Taxation. Open each question or exercise to read its content, reference answers and available explanation.

Practise Return of Income with Quill →

Return of Income questions and exercises with answers

Showing questions 31–54 of 54.

Time limits for completing assessments are prescribed in which section?Read the answer and worked solution →A defective return is dealt with in which sub-section of section 139?Read the answer and worked solution →What is the rate of interest under section 234A for a late return?Read the answer and worked solution →From when does section 234A interest begin to run?Read the answer and worked solution →If no return is filed, section 234A interest runs until when?Read the answer and worked solution →The tax on which 234A interest is charged is reduced by what?Read the answer and worked solution →Section 234A interest payable is reduced by interest paid under which section?Read the answer and worked solution →Due date in section 234A means the date given in which provision?Read the answer and worked solution →Section 234A(3) applies to a return required by a notice under which sections?Read the answer and worked solution →Net tax is Rs 50,000. The return is filed 3 months 5 days late. What is 234A interest?Read the answer and worked solution →Section 234B applies if advance tax paid is below what share of assessed tax?Read the answer and worked solution →Section 234B interest ends on the date of what?Read the answer and worked solution →Assessed tax Rs 2,00,000, advance tax Rs 1,00,000, assessed 10 Jan. 234B interest?Read the answer and worked solution →By 15 December, cumulative advance tax must reach what share of tax due to avoid 234C?Read the answer and worked solution →For how long does 234C interest run on the first three instalments?Read the answer and worked solution →The 15 March instalment shortfall carries 234C interest at what rate?Read the answer and worked solution →A June shortfall escapes 234C if advance tax paid is at least what share?Read the answer and worked solution →Who pays advance tax in a single instalment by 15 March under 234C?Read the answer and worked solution →Under-estimating which income does not attract 234C if paid in later instalments?Read the answer and worked solution →Tax due on the returned income in 234C is tax on income declared where?Read the answer and worked solution →Tax due Rs 2,00,000; Rs 1,20,000 paid by 15 Dec. 234C interest on that shortfall?Read the answer and worked solution →As worded in section 234F, an individual with total income Rs 4,50,000 files after 31 December. What is the late fee?Read the answer and worked solution →As worded in section 234F, total income is Rs 8 lakh and the return is filed on 20 December. What is the late fee?Read the answer and worked solution →Section 234F applies to returns for which assessment years?Read the answer and worked solution →

Worked practice questions

Time limits for completing assessments are prescribed in which section?

  1. Section 143
  2. Section 139
  3. Section 153
  4. Section 148
Show answer and solution

Correct answer: C. Section 153

Section 153 lays down the time limits within which assessments must be made.

Open this question →

A defective return is dealt with in which sub-section of section 139?

  1. 139(5)
  2. 139(4)
  3. 139(9)
  4. 139(8A)
Show answer and solution

Correct answer: C. 139(9)

Sub-section (9) lets the officer flag defects and allow rectification.

Open this question →

What is the rate of interest under section 234A for a late return?

  1. Simple 15% per annum
  2. Simple 1% per month or part
  3. Compound 1% per month
  4. Simple 2% per quarter
Show answer and solution

Correct answer: B. Simple 1% per month or part

Section 234A charges simple interest at one per cent for each month or part of a month of delay.

Open this question →

How to practise

  1. Choose a Return of Income 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

GST Time, Value, Place of Supply and Input Tax CreditAggregation of Income, Set Off of Losses and DeductionsAdvance Tax, TDS and TCSProfits and Gains of Business or ProfessionIncome-tax Basic ConceptsSalariesResidence and Scope of Total IncomeIncome from House Property