Quiz on TCS & TDS

Shiv Sai Enterprises, Kolkata is not liable to collect TCS when goods are sold to ______________

• A Private limited Company
• Central Govt & State Govt
• A Company
• A partnership Company

What is the threshold amount from which collection of TCS starts on sale of any goods under section 206C of the income Tax Act?

• 5 Lakhs
• 10 Lakhs
• 50 Lakhs
• 75 Lakhs

Tax Collected at source (TCS) amount collected by Shiva Enterprise ,Kolkata for the current month is payable to department on or before ________ day of next month

• 22nd
• 20th
• 10th
• 7th

Surya Enterprise has collected TCS from customer RD Distributor kolkata.Which certificate has to issued by Surya Enterprise to RD Distributors for collecting TCS and remitting it to department?

• 27C
• 27D
• 27A
• 27E

National Traders sells 100 Laptops to Alpha Traders has not provided their PAN to national Traders .What is the rate of TCS that National Traders should charge on this sale to Alpha Traders

• 0.20%
• 0.10%
• 1%
• 2%

Tcs needs to be charged by chaya Enterprise , when the company turnover has exceeded by ____ corores in the previous financial year

• 25
• 5
• 10
• 50

National Traders , Mumbai needs to file TCS Quarterly return in the form …....

• 27EQ
• 26EQ
• 28EQ
• 27D

National Traders , Mumbai is eligible to charge TCS as per Law.Company has to collect TCS on …......basis

• Accrual
• Actual
• Realisation
• Quaterly

_______ is issued by the deductor on the TDS deducted from deductee on the income from other sources(other than salary)

• Form 16
• Form 18C
• Form 26Q
• Form 16A

The Fourth Letter of TAN number indicates ______

• First Alphabet of the name of the organisation
• First Alphabet of the name of the Manager
• Last Alphabet of the name of the organisation
• Last Alphabet of the name of the Manager