Tax Book 2023

Final Tax Regime and Minimum Tax Chapter- 22

(d) all of above

Q.23 Amount of tax paid by the owner of the goods transport vehicle having registered laden weight from
8,120 kg to 14,999 kg is taxable under___.
(a) FTR
(b) NTR
(c) SBI
(d) None of the above

Q.24 Amount of tax paid by the owner of the goods transport vehicle having registered laden weight above
8,120 kg is taxable under____.
(a) FTR
(b) NTR
(c) SBI
(d) None of the above

Q.25 The amount of tax per annum on the goods transport vehicle having registered laden weight more
than 5,120 kg after 10 years of registration will be Rs.____.
(a) Nil
(b) 1,200
(c) 7,200
(d) None of the above

Q.26 The standard rate of turnover tax other than reduced tax rate under section 113 is ____.

(a) 0.50%

(b) 1. 25 %

(c) 0.2%

(d) Any of the above

Q.27 The turnover tax in excess of NTR shall be adjusted against the normal tax liability for the
immediately succeeding the years for maximum period of ____ upto the extent that the NTR liability
of the following years should not be less than the turnover tax of the following years.
(a) 6 years
(b) 5 years
(c) 10 years
(d) 3 years

Q.28 Turnover tax is applicable even where there is __ in a tax year before setting off of depreciation
and inadmissible expenses.
(a) gross loss
(b) net loss
(c) net profit
(d) gross profit

Q.29 The general tax rate of 1 5 % is applicable on dividend received by __.

(a) individual

(b) company

(c) AOP