Accounts & Complaince - Position CA

Which form is used for filing GST returns to claim Input Tax Credit (ITC)?

• GSTR-1
• GSTR-2A
• GSTR-3B
• GSTR-9

What is the due date for payment of TDS deducted in a particular month (other than March)?

• 7th of the next month
• 10th of the next month
• 15th of the next month
• 20th of the next month

In GST compliance, what is the due date for filing the GSTR-1 return for a taxpayer with an annual turnover of up to ₹5 crores who has opted for the quarterly filing option?

• 10th of the next month
• 13th of the month following the quarter
• 20th of the next month
• 25th of the month following the quarter

Under Section 44AD of the Income Tax Act, 1961, a taxpayer opting for the presumptive taxation scheme is required to declare income of what percentage of total turnover?

• 0.08
• 0.1
• 0.15
• 0.12

In the balance sheet, how is 'Deferred Tax Liability' typically classified?

• Current Liability
• Non-Current Liability
• Shareholders' Equity
• Non-Current Asset

In the case of a company deducting TDS under Section 194C, which of the following conditions will require the company to deduct tax at a higher rate?

• If the payment is made to a foreign contractor.
• If the payment is made to a contractor who has not filed income tax returns for the last two years.
• If the contractor is a non-resident.
• If the contractor's PAN is not available.

For a business with an annual turnover exceeding ₹2 crores, what is the due date for filing the annual GST return (GSTR-9)?

• 31st July of the following financial year.
• 31st December of the following financial year.
• 30th June of the following financial year.
• 31st August of the following financial year.

Which accounting principle requires expenses to be recorded in the period in which they are incurred, regardless of when the payment is made?

• Revenue Recognition Principle
• Accrual Principle
• Matching Principle
• Consistency Principle

Under which section of the Income Tax Act, 1961, is TDS deducted on salaries?

• Section 194C
• Section 192
• Section 195
• Section 194J

In the context of TDS compliance, what is the penalty for non-filing of TDS returns under Section 234E of the Income Tax Act?

• ₹100 per day of default
• ₹200 per day of default
• 1% of the TDS amount per month
• 2% of the TDS amount per month