Tax and Compliance Quiz

What is the TDS Deduction Rate for making payment for the transportation of goods (dhuwani) from VAT registered vendor?

• 1.5%

• 2.5%

• 15%

• 10%

Which income tax return should NGO's file ?

• D1 Return

• D2 Return

• D3 Return

• D4 Return

How much TDS should you deduct on making payment to the supplier for the purchase of stationary amounting to NPR 10,000? (PAN Bill)

• 150

• 15000

• No TDS

• 1000

What is the fine rate for non filing of Income Tax Return ?

• Higher of NPR. 5000 or 0.01% of Assessable Income

• Higher of NPR. 5000 or 0.01% of Net Income Income

• Higher of NPR. 5000 or 0.01% of Gross Income

• Higher of NPR. 5000 or 0.01% of Taxable Income

Miss Rama has been provided staff quarter facility by the organization amounting to NPR 10,000. What would be the addition to calculate her taxable income ?

• 2% of salary

• 0.5% of salary

• Rs. 10,000

• No addition

Ms. Rama has paid Rs. 45,000 insurance premium for life insurance. What amount can she deduct while calculating her taxable income.

• Rs. 25,000

• Rs. 40,000

• Rs. 45,000

• No Deduction

What would be the tax rate on payment of gratuity to an employee after termination of employment ?

• Add in Taxable Income Calculation

• No Tax

• 5%

• 15%

What is the maximum limit a NGO can acquire consultancy services through a PAN registered person ?

• Rs. 20,000

• Rs. 20,00,000

• Rs. 500,000

• No Limit

A NGO has hired a black plated vehicle for the transportation of goods (Dhuwani) amounting to NPR 10,000. What is the TDS that NGO should deduct.

• 1.5%

• 10%

• No TDS

• 2.5%

What is the minimum wage rate applicable for FY 2080/81 ?

• Rs. 15,000 + Provident Fund and Gratuity

• Rs. 17,300 + Provident Fund & Gratiuty

• Rs. 19,464 + provident fund & gratuity

• Rs. 13,500+ Provident Fund and Gratuity