TDS Quiz to UCE dt17th Feb23

The system of deduction of tax, at the point of generation of income is

• Tax collected at Source
• Goods and Services Tax
• Tax Deducted at Source
• Custom Duty

The form issued by the deductor on the TDS deducted from deductee on the income from other sources (other than salary).

• Form 16
• Form 18C
• Form 16A
• Form 26Q

In TallyPrime, Allow modification of tax details for TDS option is available in which voucher.

• Sales
• Journal
• Receipt
• Contra

What is the rate of TDS % if PAN is not available with the deductee

• 2%

• 5%

• 10%

• 20%

Janatha Agency Pvt. Ltd, purchased the machinery for ₹ 10,00,000 and the installation charges and fitting charges came up to ₹ 50,000. On which amount TDS will be

• Rs.50,000
• Rs.10,00,000
• Rs.9,50,000
• Rs.10,50,000

In case of cancellation of expenses, TDS deducted while booking the expenses needs to be reversed using which voucher in TallyPrime.

• Receipt
• Credit Note
• Purchases
• Debit Note

In TallyPrime, Purchase Escalation type of transaction will be accounted using which of the following voucher?

• Debit Note
• Credit Note
• Receipt
• Purchase

Janani Enterprises Pvt. Ltd has raised the invoice to MTR Foods Pvt. Ltd. towards catering services on contract, having a total value of ₹ 2,00,000 in which material cost of ₹ 20,000 is shown separately. On which amount TDS must be deducted?

• Rs. 2,00,000
• Rs.1,80,000
• Rs.2,20,000
• Rs.20,000

If the TDS is deducted from the resident company in Feb 23, then what will be the due date to make a tax payment to the government?

• 7th March23
• 10th March23
• 31st March23
• 28th or 29th Feb23

If the TDS is deducted on 5th Dec 22, and the TDS payment is made to the department on30th Jan23, what is the % of interest rate on TDS late payment?

• 1.5%

• 3%

• 2%

• 1%