Tax is required to be collected on sale of:

Related MCQs

• Tax to be collected at source in case of commission on sale of lottery tickets.
• Advance tax is required to be paid by all assessee only if estimated advance tax liability is
• As per section 271H, where a person fails to file the statement of tax deducted/collected at source i.e. TDS/TCS return on or before the due dates prescribed in this regard, then he shall be liable to pay penalty under section 271H. Maximum penalty that can be levied is ______.
• Tax to be collected at source in case of motor vehicle value exceeding ________.
• Short-term capital gain on sale of listed shares (STT paid) in a recognized stock exchange is chargeable to income-tax @ ______ %.
• When Mr. Avinash earned long-term capital gain of Rs. 1,80,000 on sale of listed shares, his total income being Rs. 10 lakhs, the amount of income-tax (including cess) on the said long-term capital gain would be _________ .
• Tax is required to be deducted at ……… from payment made to a road transport operator who declares that he does not own more than 10 goods carriage.
• Tax is required to be deducted at ………… from rent payable on plant and machinery to a resident (Assuming PAN details are available)
• Tax is required to be deducted at …….. from interest payable to a resident. (Assuming PAN details are available)
• On salary, tax is required to be deducted at the time of: