BB Agency paid prize money on lottery ticket to Mr. Sahil, who is engaged in the business of selling lottery tickets on behalf of BB Agency, amounting to Rs. 20,000. Determine the amount of TDS to be deducted u/s 194G ?
1. Rs. 4,000
2.Nil
3.Rs. 2,000
4.Rs. 1,000
BGV India Private Ltd. took official premises on rent from Mr. Ram for an annual rent of Rs. 15,00,000. It also paid a non-refundable security deposit of Rs. 5,00,000. Determine the amount of TDS to be deducted u/s 194I ?
1.Rs. 2,00,000
2. Rs. 150,000
3.Rs. 40,000
4.Nil
BGV India Private Ltd. took official premises on rent from Mr. Ram for an annual rent of Rs. 15,00,000. It also paid a refundable security deposit of Rs. 5,00,000. Determine the amount of TDS to be deducted u/s 194I at the time of refund of the security deposit ?
1.Rs. 2,00,000
2.Rs. 150,000
3.Rs. 40,000
4.Nil
BSNL paid commission to their public call office franchisee, amounting to Rs. 40,000. Determine the amount of TDS to be deducted u/s 194H ?
1.Rs. 2,000
2.Nil
3.Rs. 4,000
4.Rs. 6,000
Identify the nature of payments where TDS is required to be deducted u/s 194H ?
1.Brokerage on purchase of securities on stock exchange
2. Underwriting Commission
3.Sub brokerage on public issue of securities
4.Brokerage for commodity transaction
KAB TV, a renowned television channel paid Commission to XYZ Limited, for procuring advertisement amounting Rs. 50,000. The TDS which is required to be deducted from such payments shall be ________
1.Rs. 500
2. Rs. 2,500
3. Rs. 5,000
4.None of the above
Lost India Private Ltd. has to pay yearly rent of Rs. 5,00,000 to Mr. Dhanush for machinery taken on hire during the PY 2022-23. Determine the amount of TDS to be deducted u/s 194I ?
1.Rs. 10,000
2.Nil
3.Rs. 50,000
4. Rs. 25,000
RT India Private Ltd. paid commission during the PY 2022-23 to an agent amounting to Rs. 5,000. Determine the amount of TDS to be deducted u/s 194H when the remaining amount of commission to be paid during the PY 2022-23 is expected to be Rs. 20,000 ?
1.Rs. 250
2.Nil
3. Rs. 500
4.Rs. 1,250
RT India Private Ltd. paid commission during the PY 2022-23 to an employee amounting Rs. 500,000. Determine the amount of TDS to be deducted u/s 194H ?
1.Rs. 25,000
2.Nil
3.Rs. 5,000
4. Rs. 12,500
TDS deducted u/s 194-IA for transfer of immovable property can be deposited under challan __________
1.Challan ITNS 281
2. Challan ITNS 280
3.26QB
4.None of the above
TDS on payment to a hotel is required to be made in which of the following cases ?
1.Employee of a company making direct payment
2.Consultant of a company not covered by tax audit
3. Accommodation taken on a regular basis by a company, where the rent is above specified threshold
4.All of the above
AB Agency paid prize money on lottery ticket to Mr. Raj, who is engaged in the business of selling lottery tickets on behalf of AB Agency, amounting to Rs. 15,000. Determine the amount of TDS to be deducted u/s 194G ?
1.Rs. 1,500
2.Rs. 750
3.Nil
4.Rs. 3,000
AGV India Private Ltd. has to pay yearly rent for its official premises to Mr. Ram amounting to Rs. 1,50,000. Determine the amount of TDS to be deducted u/s 194I ?
1.Rs. 3,000
2.Rs. 15,000
3.Rs. 7,500
4.Nil
AGV India Private Ltd. paid commission to sales agent amounting to Rs. 10,000. Determine the amount of TDS to be deducted u/s 194H?
1.Rs. 200
2.Rs. 1,000
3.Rs. 500
4.Nil
Bojo India paid commission amounting to Rs. 50,000 on lottery tickets to an Individual who has obtained lower withholding tax certificate as per which his commission would be taxable at 1%. Determine the amount of TDS to be deducted u/s 194G ?
1. Rs. 2,500
2. Rs. 500
3.Rs. 5,000
4.Rs. 7,500
FOGO India Private Ltd. has to pay yearly rent for office to Mr. Robin, who is 65 years old amounting to Rs. 2,00,000. Determine the amount of TDS to be deducted u/s 194I, when Mr. Robin has furnished form 15H to the effect that tax on his estimated income would be Nil?
1.Nil
2. Rs. 20,000
3.Rs. 4,000
4.Rs. 10,000
Government is required to pay interest on the credit under National Saving Scheme to an Individual. The amount of TDS to be deducted u/s 194EE shall be at the time of ________
1.Accrual
2.Payment
3. Payment or accrual, whichever is earlier
4.None of the above
Government paid interest amount to Rs. 2,000 on the credit under National Saving Scheme to an Individual who has provided Form 15G which does not contain PAN of such Individual. Determine the amount of TDS to be deducted u/s 194EE ?
1.Nil
2.Rs. 400
3.Rs. 200
4.Rs. 100
Government paid interest on the credit under National Saving Scheme to Individual amounting to Rs. 10,000. Determine the amount of TDS to be deducted u/s 194EE ?
1.Rs. 2,000
2.Nil
3.Rs. 500
4. Rs. 1,000
Government paid interest on the credit under National Saving Scheme to son of Suresh after death of Suresh amounting to Rs. 15,000. Determine the amount of TDS to be deducted u/s 194EE ?
1. Rs. 3,000
2. Rs. 750
3.Nil
4.Rs. 1,500
Government paid Rs. 2,000 standing to the credit of Mr. Maneet under National Saving Scheme. Determine the amount of TDS to be deducted u/s 194EE ?
1.Rs. 200
2. Rs. 100
3.Rs. Nil
4.Rs. 400
Govo India Private Ltd. paid commission to sales agent amounting to Rs. 20,000. Determine the amount of TDS to be deducted ?
1.Nil
2. Rs. 1,000
3.Rs. 2,000
4.Rs. 4,000
Hojo India paid commission amounting to Rs. 25,000 on lottery tickets to an Individual who has not provided PAN but furnished an adequate declaration that his income is below Rs. 2,50,000. Determine the amount of TDS to be deducted u/s 194G ?
1.Rs. 5,000
2.Nil
3.Rs. 2,500
4.Rs. 1,250
Mr. Anil has purchased an urban agricultural land from Mr. Gurwinder and Satwinder, who are equal owner of the property, for Rs. 60,00,000. Determine the amount of TDS to be deducted u/s 194IA from payment to Gurwinder, assuming the Sellers have a PAN ?
1.Rs. 30,000
2. Rs. 12,00,000
3.Rs. 60,000
4.Nil
Mr. Ankush has purchased a residential property in Delhi from Mr. Aman for Rs. 40,00,000. Determine the amount of TDS to be deducted u/s 194IA by Ankush, assuming the Seller has a PAN ?
1.Rs. 40,000
2.Rs. 2,00,000
3.Nil
4. Rs. 4,00,000
Mr. Dhiman has purchased a residential property from Mr. Jojo amounting to Rs. 60,00,000. Mr. Dhiman has deducted TDS of Rs. 60,000 during April 2022. Determine the due date for deposit of such TDS ?
1.30/04/2022
2. 30/05/2022
3. 07/05/2022
4.15/05/2022
Mr. Gurwinder and Satwinder have jointly purchased a house from Mr. Anil, for Rs. 60,00,000, for which they would be equal owner of the property. Determine the amount of TDS to be deducted u/s 194IA by Gurwinder, assuming the sellers have a PAN ?
1. Rs. 12,00,000
2.Rs. 60,000
3.Rs. 30,000
4.Nil
Mr. Kulwinder has purchased a rural agricultural land from Mr. Kisaan for Rs. 60,00,000. Determine the amount of TDS to be deducted u/s 194IA assuming the Seller has a PAN ?
1.Rs. 60,000
2.Rs. 1,20,000
3.Rs. 3,00,000
4.Nil
Mr. Raj has deposited on due date, TDS u/s 194-IA on April 7, 2022. What is the due date for furnishing of certificate in Form No. 16B to payee?
1.15/05/2022
2.31/05/2022
3.30/04/2022
4. 22/04/2022
Mr. Ram, who is running a business of readymade showroom in Delhi paid commission on booking of flight tickets to Travel agent amounting to Rs. 20,000. Determine the amount of TDS to be deducted u/s 194H during the PY 2022-23, when Mr. Ram is not liable for tax audit in preceding year ?
1. Rs. 2,000
2. Rs. 1,000
3.Nil
4.Rs. 4,000
Mr. Satwinder has purchased an urban agricultural land from Mr. Kisaan for Rs. 60,00,000. Determine the amount of TDS to be deducted u/s 194IA, assuming the Seller does not have a PAN ?
1. Rs. 60,000
2.Rs. 12,00,000
3.Rs. 3,00,000
4.Nil
Mr. Satwinder has purchased an urban agricultural land from Mr. Kisaan for Rs. 60,00,000. Determine the amount of TDS to be deducted u/s 194IA, assuming the Seller has a PAN ?
1.Rs. 60,000
2.Rs. 1,20,000
3.Rs. 3,00,000
4.Nil
Mr. Shyam is required to pay monthly rent of Rs. 20,000 to his Landlord during the PY 2022-23. Determine the amount of TDS to be deducted u/s 194I, in case Mr. Shyam is not liable for tax audit during AY 2022-23 ?
1.Rs. 2,000
2. Rs. 1,000
3. Nil
4. Rs. 4,000
Mr. Sunil, a non – resident, has purchased a residential property in Singapore, from Mr. Aman a Indian resident for Rs. 4,00,00,000. Determine the amount of TDS to be deducted u/s 194IA by Sunil assuming the Seller has a PAN ?
1. Rs. 4,00,000
2.Rs. 2,00,000
3.Nil
4.Rs. 4,00,000
Mr. Yusuf pays monthly rent to Mr. Saryu amounting to Rs. 60,000 per month during PY 2022-23. Determine the amount of TDS to be deducted by Mr. Yusuf who is not liable for tax audit during the PY 2021-22?
1. Rs. 72,000
2.Nil
3.Rs. 36,000
4.Rs. 14,400
RT India Private Ltd. sold certain airline tickets amounting to Rs. 50,00,000. The airfare fixed by the airlines was Rs. 45,00,000, on which commission was to be given. Determine the amount of TDS to be deducted u/s 194H on the difference between the sale price and the price fixed by the airline agency ?
1.Rs. 5,00,000
2.Rs. 50,000
3.Rs. 25,000
4.Nil
XGV India Private Ltd. took official premises on rent from Mr. Shyam for an annual rent of Rs. 15,00,000. It also paid a refundable security deposit of Rs. 5,00,000. Determine the amount of TDS to be deducted u/s 194I at the time of vacating the office premises on 31.3.2018, if the security deposit was adjusted towards the annual rent not paid by XGV for the last 4 months ?
1. Rs. 2,00,000
2.Rs. 150,000
3.Rs. 40,000
4.Nil
XYZ is a Media company, and procured certain advertisement through ABC India Private Limited, for which total collection of Rs. 5,00,000 out of which ABC paid Rs. 4,25,000 to XYZ. In such a case, XYZ is required to deduct TDS on _______
1.Rs. 5,00,000
2.Rs. 4,25,000
3.Rs. 75,000
4.Nil
Yangshi India Private Ltd. has to pay yearly rent of Rs. 2,36,000 to UI India Private Ltd. for car taken on lease. Determine the amount of TDS to be deducted u/s 194I, when such rent includes GST of Rs. 36,000 which is separately disclosed in the invoice ?
1.Rs. 4,000
2.Rs. 20,000
3.Rs. 4,720
4.Rs. 23,600
Yomo Agency paid commission for sale of lottery tickets to Mr. Surma amounting to Rs. 23,600, which also includes GST of Rs. 3,600. Determine the amount of TDS to be deducted u/s 194G ?
1.Rs. 2,360
2. Rs. 1,180
3.Rs. 1,000
4.Rs. 2,000
Yomo Agency paid commission on lottery tickets to Mr. Surma amounting to Rs. 35,400, which also includes GST of Rs. 5,400. Determine the amount on which TDS is required to be deducted u/s 194G ?
1.Rs. 35,400
2. Rs. 30,000
3.Rs. 40,800
4.Rs. 40,800