TDS

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Q63: The rate of TDS on rental payments of plant, machinery or equipment is—

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Q62: Any person responsible for paying to a resident any sum exceeding Rs. 2,50,000 towards
compensation for compulsory acquisition of his urban industrial land under any law has to deduct
income-tax at the rate of

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Q61: What shall be the rate at which TDS on insurance commission shall be deducted under
section 194D when the payee is a person other than a domestic company?

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Q60: Section 192A is applicable for payment out of

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Q59: If the employee receives the accumulated amount out of the recognized provident fund then
exemption limit to apply provisions of TDS shall be

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Q58: If the employee receives the accumulated amount out of the recognized provident fund and
does not submit the PAN then TDS shall be deducted at the rate of

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Q57: If the employee receives the accumulated amount out of the recognized provident fund then
TDS shall be deducted at the rate of

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Q56: If the employee receives the accumulated amount out of the recognized provident fund, which
is taxable due to non-fulfillment of conditions given under section 10(12), then TDS shall be deducted

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Q55: No deduction of tax at source will be made by a banking company under section 194A with respect
to aggregate amount of interest paid or payable on time deposits to a senior citizen if it does not exceed...............?

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Q54: Mr. J, a resident of age of 70 years, is due to receive Rs. 2,20,000 on 31/3/2021 on LIC policy taken
on 1/4/2010, for which the sum assured is Rs. 2,00,000 and the annual premium is Rs. 45,000. What will be
the applicability of provisions for tax deduction at source u/s 194DA.

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Q53: Mr. J, resident, is due to receive Rs. 4,50,000 on 31/3/2021, towards maturity proceeds of LIC policy
taken on 1/4/2012, for which sum assured was Rs. 4 lakhs and annual premium was Rs. 5,000. What will be
the applicability of provisions for tax deduction at source u/s 194DA.

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Q52: When prize is given partly in cash & party in kind, Income tax is to be deducted from cash?

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Q51: In case of winnings from horse races, payments exceeding ............... are subject to tax
deduction at source at the rate of ..................%?

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Q50: In rate of TDS on salary, health & education cess shall be added in case of

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Q49: A company is engaged in real estate business conducted a lucky draw and gave Maruti Car to a
prize winner. TDS shall be deducted under section ................ at the rate of ………..

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Q48: A person makes payment of Rs. 35,000 to a contractor who is a transport operator is not subject
to TDS if

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Q47: What shall be rate of TDS on fees for professional or technical service section 194-J?

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Q46: What shall be the rate of TDS under section 194-I on payment of rent of plant and machinery
where rent is paid to any person other than individual or HUF?

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Q45: What is the total amount during the previous year upto which TDS on rent under section 194-I
shall not be deducted?

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Q25: What is maximum amount upto which TDS on commission or brokerage shall not be deducted?

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Q43: What is maximum amount upto which TDS on commission on sale of lottery tickets shall not be
deducted?

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Q42: What shall be the rate at which TDS on commission on sale of lottery tickets shall be
deducted under section 194G?

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Q41: What shall be the rate at which TDS on insurance commission shall be deducted under
section 194D when the payee is a domestic company?

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Q40: What shall be the rate at which TDS on payment to contractor/sub-contractor be deducted
under section 194C when the payment is made to Individual or HUF?

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Q39: What is the limit for the amount payable during the entire previous year mentioned under
section 194C upto which TDS shall not be deducted?

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Q38: Who shall not be liable to deduct TDS under section 194C?

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Q37: A company has taken a house on rent @ Rs. 20,000 pm. Assuming that company has paid rent
more than Rs. 2,40,000 the company should deduct tax on account of such rent paid/credited on monthly
basis amounting to:

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Q36: No tax is to deducted at source if the amount credited/paid during the previous year as fee for
profession or technical services does not exceed:

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Q35: No tax is to be deducted at source if the amount credited/paid to the contractor during the
relevant previous year does not exceed:

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Q34: A HUF is carrying on business and whose turnover of the preceeding previous year was
Rs. 165,00,000 and got tax audit done from a firm of Chartered Accountants. For the current previous
year, an audit fee of Rs. 40,000 was paid by HUF. It should deduct tax amounting to:

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Q33: A company has given an advertising contract to an advertising agency which is also a company.
On 30/11/2020, it has paid a sum of Rs. 2,40,000 to the advertising agency a firm. The company should
deduct tax amounting to:

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Q32: Mr. J an individual, whose turnover of the business for the preceding year exceeded Rs. 100
lakhs, has engaged a contractor Mr. A for building his residential house. On 30/11/2020, he has made a
payment of Rs. 10,00,000 to the contractor. Mr. J should deduct the tax at source amounting to:

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Q31: Mr. J paid fees for professional services of Rs. 40,000 to Mr. A. Mr. A is engaged only in the
business of operation of call center. Tax is to be deducted by Mr. J at the rate of

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Q30: Mr. J has won Lottery of Rs. 1,00,000. The state Government should deduct tax on such winning
amounting to:

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Q29: Mr. J has deposited a sum of Rs. 5,00,000 on 1/4/2020 with a schedule bank for one year at the
interest rate of 10% pa. The bank should deduct tax at source amounting to:

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Q28: Mr. X, a resident Indian, wins Rs. 180,000 in a Game Show. Which of the statement is true?

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Q27: Mr. A, a salaried individual, pays rent of Rs. 51,000 per month to Mr. B from June, 2020. Which
of the statement is true?

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Q26: Mr. J an individual has borrowed a sum of Rs. 10,00,000 on 1/4/2020 @ 18% p.a. from SBI. Mr. J
in this case should deduct tax on such interest paid amounting to:

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Q25: The rate of TDS in case of interest payable on listed debentures is

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Q24: No deduction of tax at source on interest on listed debentures is to be done by the widely held company:

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Q23: Liability to do TDS in case of income from interest on securities arises at the time of:

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Q22: The salary for the purpose of deduction of tax at source shall be rounded off to nearest:

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Q21: Deduction of tax from salary as per section 192 shall be:

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Q20: The deduction of tax at source from the salary shall be made at the time of:

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Q19: Assessee shall be deemed to assessee in default in which of following cases:

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Q18: Due date of furnishing of TDS certificate in case of salary:

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Q17: Form 16A issued once in

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Q16: TDS certificate issued in cases other than salary income is in form

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Q15: Form 16 is issued by the employer:

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Q14: In case of Salary, TDS certificate is issued in:

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Q13: Which of the following are correct due dates for deductor other than government for filling TDS returns:

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Q12: When the payer is other than Government, TDS of March month shall be deposit upto:

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Q11: When the ......... is the government TDS must be deposit on …………….

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Q10: After deduction of TDS, deductor must deposit such TDS to .............within specified time

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Q9: Certificate for the deduction of TDS as lower rate is issued by .......... after receiving an application from ……......

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Q8: TDS shall not be done if payment is made to:

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Q7: Payee submitted PAN but it was invalid, then TDS shall deducted at the rate:

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Q6: Which of the following statement is TRUE

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Q5: No declaration under section 197A shall be ............. unless the person furnishes his ..............

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Q4: If PAN is not submitted by assessee than TDS will deducted at

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Q3: Submission of PAN is mandatory for

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Q2: Surcharge or health & education cess shall be added in rate of TDS in case of

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Q1: In rate of TDS, surcharge or health & education cess will not be included in case of: