Advance Tax QuizAdminJanuary 19, 2023 Name Email Business Phone 1. Mr. A has only Agricultural Income of Rs. 20 Lakhs. Is this income taxable? Yes, it is fully taxable Yes, but rebate on agricultural income will be available. No, it is fully exempt. Depends on age of the assessee. 2. Mr. B has capital gains and presumptive business income. He should file --------. ITR 1 ITR 2 ITR 3 ITR 4 3. Maximum surcharge rate for Individuals is ---------. 10% 25% 37% 40% 4. 234A interest is calculated for -------------- Delay in filing the ITR Delay in payment of Advance Tax Short payment of Advance Tax Wrong deferment of Advance Tax 5. Advance tax is payable when tax payable exceeds ----------- 250000 10000 500000 5000 6. Self assessment tax is paid ------- Before the previous year During the previous year During the assessment year After the demand notice is issued 7. Standard deuction from salary for AY 2022-23 is --------- 40000 50000 100000 20000 8. Deduction u/s 80TTA can not be claimed by ------- Senior Citizen Non resident Both A & B HUF 9. Deduction for donations can be taken u/s ---- 80C 80U 80G 80D 10. Remuneration paid to -------- partner is allowed as deduction under Income Tax Act. Working Non-working Sleeping Both A & B
