1. Where the advance tax paid on or before March 2021 is less than 90% of the tax due on the total income declared in the return as reduced by the amount of tax deducted at source, the assessee shall be making payment of interest on the amount of shortfall for the tax due on the returned income so declared per month at the rate of

2. Mr. Nitin after serving Lion Ltd. for 4 years resigned from his job to commence a business of his own. His provident fund account consisted of his own contribution of ₹ 50,000; the employer’s contribution of ₹ 50,000 and interest of ₹ 20,000 being attributable equally to the said contributions.
How much would be the amount deductible at source under section 192 A,₹ 12

3. U/s 208, it is obligatory for an assessee to pay advance tax where the tax payable is

4. Interest is payable to an assessee on the amount of refund under the Income Tax Act, 1961 where the amount of refund is

5. It is obligatory for an assessee to make payment of tax under section 208 of the Income Tax Act, 1961

6. The quarterly return of TDS relating to payments made to non-resident and the foreign company being a unitholder of mutual funds is to be filed in return form number :

7. A Co. Ltd. made payments to B Co. Ltd. towards contracts executed during the financial year 2020-21. They are
(i) Contract-1 ₹ 15,000 on 15.6.2020 (ii) Contract-2 ₹ 22,000 on 29.9.2020 (iii) Contract-3 ₹ 27,000 on 30.12.2020 (iv) Contract-4 ₹ 29,000 on 13.3.2021 The tax deductible at source would be:

8. Rakesh entered into a Joint Development Agreement with Reality Builders Pvt. Ltd. for developing a project on the land owned by him during the previous year 2018-19 and the builder who agreed to make the payment of ₹ 50 lakh to Rakesh paid the same to him on the execution of the Joint Development Agreement. The amount of TDS u/s 194-IC required to be deducted on the amount of ₹ 50 lakh shall be

9. When an employee makes a premature withdrawal from employees provident fund account, the requirement of the deduction is attracted when the quantum of withdrawal exceeds

10. Wealth Maximization Fund Limited had paid an amount of interest of ₹ 20 lakh in respect of money borrowed outside India on rupee-denominated bonds to a Foreign Institutional Investor. Wealth Maximization Fund Limited is required to deduct tax at source out of such payment of interest on these bonds at the rate of

11. P & Co. a partnership firm whose turnover was ₹ 42,60,000in the previous year 2019-20 and ₹ 1,01,30,000 in the previous year 2020-21 paid brokerage of ₹ 21,000 to Mr. Ashwin during the financial year 2020-21. Mr. Ashwin furnished his PAN to the firm.
The amount of tax deductible at source on such brokerage payment would be:

12. Ashish, director of QPR Ltd. is eligible for board sitting fees of ₹ 10,000 for every meeting attended by him. During the year 2020-21, he had attended six meetings.
The amount of tax required to be deducted from such sitting fees to be paid to Ashish by the company shall be:

13. The liability to pay interest u/s 234B would arise when the advance tax plus TDS/TCS to the credit of the assessee is less than

14. A senior citizen is not liable to pay advance tax if he does not have income from

15. Mr. Rajan (a trader in furniture items) acquired a motor car for ₹ 11 lakhs by availing loan from a nationalized bank. The amount was paid by demand draft.
The amount of tax collectible at source by the car dealer who sold the car is:

16. The person responsible for paying any income by way of winnings from lottery an amount exceeding ₹ 10,000, shall deduct

17. Deduction of tax from salary as per Section 192 shall be at

18. Interest for deferment in payment of advance tax u/s 234C is calculated on the tax liability computed on

19. Rohan won a State Government lottery of ₹ 1,00,000 on 11th October 2020.
The government should deduct tax on such winning amounting to

20. An assessee liable to pay advance tax is not liable to pay interest u/s 234B if the advance tax paid by him is not less than

21. In a contest, Amit wins ₹ 50,000 cash and a motorcycle worth ₹ 50,000.
The amount of tax deducted at the source will be

22. Payment of ₹ 2,00,000 was made to Krishna Roadways Pvt. Ltd. owning nine heavy goods carriages and having PAN which was furnished by them to the payer of freight GG Carriers.
The amount of tax to be deducted by the payer on such amount is as per section

23. A house property owned by Nitin, a non-resident, at Delhi was agreed to be sold to Ramesh for consideration of ₹ 70,00,000. Ramesh has stated to Nitin that the payment of sale consideration shall be subject to TDS and the amount of TDS on the sale consideration will be @……as per section of the Income-tax Act, 1961,34.32%

24. Interest is payable to the assessee on refund under the Income Tax Act, 1961 at the rate of

25. Tax is required to be collected at source (TCS) under the provision of section 206C of Income-tax Act, 1961 by a person making