Question:

When cash is deposited into savings bank account, quoting of PAN is mandatory whenthe amount of deposit is ____ or more.

A.

Rs. 20,000

B.

Rs. 50,000

C.

Rs. 1,00,000

D.

Rs. 2,00,000

Answer» b. Rs. 50,000

Question:

When a charitable trust registered u/s 12AA pays Rs. 50,000 towards rent to a resident for the premises occupied by it without deduction of tax at source for the entire previous year 2018-19, the amount of rental expenditure liable for disallowance would be ________.

A.

Nil

B.

Rs. 6,00,000

C.

Rs. 4,20,000

D.

Rs. 1,80,000

Answer» d. Rs. 1,80,000

Question:

Tax payable by a non-resident individual, if he has long term capital gain of Rs. 2,60,000but has no other income is:

A.

Rs. 1000 plus cess

B.

Rs. 26,000 plus cess

C.

Rs. 52,000 plus cess

D.

None of above

Answer» c. Rs. 52,000 plus cess