Returns and Assessments Chapter- 17
Q.22. Where the appellate authority has ordered for the refund of excess tax deposited, the Commissioner
Inland Revenue shall issue necessary orders within_____.
(a) 3 months from the date the order was served to him
(b) 1 month
(c) 6 months
(d) 2 months from the date the order was served to him
Q.23. In case of disputed property, the Commissioner Inland Revenue shall issue the assessment order for
income derived from such property within__.
(a) One year from the end of the financial year in which the court has decided the case
(b) Two years
(c) Three year after the end of the financial year in which the court has decided the case
Q.24. A person discontinuing his business shall give notice of discontinuance to the Commissioner Inland
Revenue within___ from the date of such discontinuance.
(a) 30 days
(b) 60 days
(c) 15 days
(d) 20 days from the date of such discontinuance
Q.25. Every shareholder of the company is liable to pay the amount or tax of the company if he holds at
least ___of paid-up capital of the company.
(a) 10%
(b) 5%
(c) 15%
(d) 20%
Q.26 A male salaried person having taxable income exceeds __ is required to file the return of
income.
(a) Rs.300,000
(b) Rs.200,000
(c) Rs.100,000
(d) Rs. 6 00,000
Q.27 A person having annual salary income of Rs. 6 00,000 is required to file___ with the tax
department.
(a) Income tax return
(b) Wealth statement with wealth reconciliation
(c) both ‘a’ and ‘b’
Q.28 A person is required to file the return of income if his total income is derived from such sources that
are taxable under___.
(a) FTR
(b) NTR
(c) as SBI under FTR
(d) Both ‘a’ and ‘c’.
Q.29 National tax number is a must in order to file the income tax return ___.