Tax Book 2023

Returns and Assessments Chapter- 17

Q.8. A company having tax year ended on 30- 06 - 2023 may file its return till_____.

(a) 30 - 09 - 2023

(b) 31 - 12 - 2023

(c) 31 - 08 - 2023

(d) None of the above

Q.9. The Commissioner Inland Revenue may grant the extension in the filing of income tax return for
maximum upto___.
(a) 15 days
(b) 30 days
(c) Less then 15 days
(d) Normally 15 days but longer extension can also be granted exceptional cases

Q.10. If a person fails to pay the income tax with the return of income, then he will___.

(a) Revise the return of income

(b) Pay default surcharge for late payment

(c) be deemed as not filed the return

(d) both (b) and (c)

Q.11. The period within which the Commissioner Inland Revenue may demand to furnish an income tax
return is_.
(a) 15 days
(b) 5 days
(c) 30 days or such longer or shorter period
(d) None of the above
Q.12.A notice by Commissioner Inland Revenue to furnish the income tax return on demand can be issued
for the last completed ___, in case of a person who has not filed return for any of the
last five completed tax years, notice may be issued in respect of one or more of the last
__completed tax years.

(a) 5 years

(b) 6 years

(c) 10 years

(d) None of the above

Q.13. The Commissioner Inland Revenue may demand the return of income for the period less than 12
months in case___.
(a) The person has died
(b) The person has not paid the tax
(c) The person has gone into liquidation
(d) Both ‘a’ and ‘c’

Q.14. The revised return may be furnished by the taxpayer within the period of ____from the end of
the financial year in which original return was furnished.
(a) 6 years
(b) 10 years
(c) 5 years