ADVANCE TAX & TDS

Section _____ deals with TDS on Rent

• 194A

• 194C

• 194H

• 194I

TDS to bed deducted @20% if payee does not have_______

• TAN No

• PAN No

• Mobile No

• both (a) and (b)

TDS to be deducted @________U/s 194 A

• 30%

• 15%

• 5%

• 10%

If a single sum paid or credited to the account of the contractor / sub-contractor exceeds _______, TDS U/s 194C Is to be deducted.

• Rs. 30,000

• Rs. 1,00,000

• Rs. 10,000

• Rs. 5,000

Section 194H is not applicable to commission  or brokerage payble by _________

• BSNL

• MTNL

• PCO franchisees of MTNL/BSNL

• all of the above

To ensure a regular flow of revenue for the government, the Income Tax act, 1961 has provided the periodic recovery of tax from income liable to tax by way of _________

• Advance tax

• TDS

• TCS

• All of the above

TDS is to be deducted on fees for profession services or technical services U/s ____________

• 194H

• 194I

• 194P

• 194J

If a single sum paid or credited to the account of the contractor/ sub-contractor exceeds _______, TDS U/s 194C is to be deducted.

• Rs. 30,000

• Rs. 75,000

• Rs. 10,000

• Rs.5,000

Tax due on _______ income is not relevant for interest u/s 234C

• assessed

• returned

• provisional

• either (a) or (b)

Any payment made after 15th march but on or before 31st march of pervious year avoids levy of ________

• interest u/s 234A

• interest u/s 234 B

• interest u/s 234 C

• penalty