Tax Book 2023

Deduction / Payment of Tax Chapter- 23

(d) Both ‘a’ and ‘b’

Q.8. An AOP is required to pay advance tax equal to one forth (1/4th) of last assessed tax liability if the
taxable income of that year is equal to or more that Rs.__.
(a) 100,000
(b) 200,000
(c) 150,000
(d) None of the above

Q.9. The amount of tax demanded should be paid from the date of service of notice within___.

(a) 30 days

(b) 15 days

(c) 10 days

(d) 60 days.

Q.10 The amount of tax deducted at source shall be so deducted when the amount __.

(a) becomes payable

(b) becomes receivable

(c) actually paid

(d) none of above

Q.11 Tax shall not be deducted if ____ is presented.

(a) exemption certificate

(b) refund is due

(c) Income tax return

(d) sales tax return

Q.12 The Board is authorized to amend the rates of withholding tax by issuing a notification in the
___.
(a) newspaper
(b) official gazette
(c) ITO, 200 1
(d) all of above

Q.13 Generally amendments are effective ____ the date of such amendment.

(a) after

(b) before

(c) from

(d) all of above

Q.14 Where a person responsible to deduct or deposit the tax fails to deduct or collect the tax at source or
fails to deposit within the prescribed time shall be __.
(a) personally liable
(b) required to file income tax return
(c) none of above

Q.15 The amount of tax shall not be recovered from the person failing to deduct or deposit the tax where
the person from whom it was to be deducted has ____.