TDS MCQ question with Answer pdf
1) The rate of TDS on rental payments of plant, machinery or equipment is:
a. 2%
b. 5%
c. 10%
d. 20%
2) The rate of TDS on interest on securities other than government securities is:
a. 5%
b. 10%
c. 20%
d. 15%
3) Any person responsible for paying to a resident any sum exceeding rs. 2.5 lakh towards compensation for compulsory acquisition of his urban industrial land under any law has to deduct income tax at the rate of:
a. 10%
b. 15%
c. 20%
d. 5%
4) Tax at source will be deducted @ …… from payments by way of rent for use of plant, machinery or equipment.
a. 2%
b. 7%
c. 10%
d. None
5) Form no. applicable for TDS in respect of salary is:
a. 15
b. 17
c. 16
d. 18
6) Tax deducted at source is deemed to be the………. Of the person from whose income the tax has been deducted at source.
a. Expense
b. Income
c. both
d. None
7) If the recipient of income fails to furnish his Permanent Account Number to the person responsible for deducting the tax at source, the tax shall be deducted:
a. at the rate specified in the relevant provision of this Act
b. at the rate or rates in force
c. at the rate of 20%
d. higher of the above rates
8) Tax at source will be deducted on winnings from horse races if the amount exceeds:
a. 10,000
b. 20,000
c. 5,000
d. 30,000
9) Tax at source will be deducted @ ………… on winnings from lotteries.
a. 30 %
b. 40 %
c. 50 %
d. 60 %
10) The interest rate charged as penalty for delay in deducting TDS is:
a. 1% per month
b. 2% per month
c. 1.5% per month
d. 5% per month
11) In respect of contract payments, when is tax to be deducted at source from the payment made to the contractor?
a. At the time of credit of sum to the account of the contractor
b. At the time of payment of sum in cash or by issuance of a cheque or draft or by any other mode
c. At the time of credit of sum to the account of the contractor or at the time of payment thereof in cash or by issuance of a cheque or draft or by any other mode, whichever is earlier
d. Any time as per the choice of the payer
12) Tax at source will be deducted on payment by way of insurance commission if the amount exceeds:
a. 10,000
b. 15,000
c. 5,000
d. 30,000
13) As per section 1941, in respect of rent of which of to be deducted @10% from the amount of rent?
a. Land
b. Furniture or fittings
c. Building
d. All of the above
14) In respect of rental payments (other than u/s 1941B) the deductor is liable to issue Form No. 16A on which basis.
a. Quarterly
b. Monthly
c. Annually
d. None
15) In respect of transfer of immovable property, which of the following Form No. is used to issue TDS certificate?
a. Form No. 16
b. Form No. 24Q
c. Form No. 16A
d. Form No. 16B
16) In respect of contract payments, at which rate, tax is to be deducted if the payee is an individual or HUF?
a. @ 1%
b. @ 2%
c. (a) or (b) as per the choice of the payer
d. (a) or (b) as per the choice of Assessing Officer
17) The employer shall issue a certificate in which for tax deducted at source on salaries,
a. Form 17
b. Form 14
c. Form 16
d. None of the above
18) Tax at source will be deducted from payments by way of rent if the amount exceeds ….. ?
a. 2,50,000
b. 1,80,000
c. 1,50,000
d. None of the Above
19) Tax at source will be deducted from payments by way of fees for professional or technical services if the amount exceeds……. In a financial year.
a. 10,000
b. 30,000
c. 15,000
d. None
From the above you can clear about the TDS MCQ question with Answer pdf 2021. Below all the Income Tax MCQ are given.
Also Read :
Income Tax MCQ / Multiple Choice Questions on Taxation with Answers :
- Income Tax MCQ QUIZ Set-1 (Basic Concept)
- Income Tax MCQ QUIZ Set-2 (Income from Salary)
- Income Tax MCQ QUIZ Set – 3 (Income from Salary)
- Income Tax MCQ QUIZ Set – 4 (Income from salary)
- Income Tax MCQ QUIZ Set – 5 (Income from Salary)
- Income Tax MCQ QUIZ Set – 6 (Income from House Property)
- Income Tax MCQ QUIZ Set – 7 (Income from House Property)
- Income Tax MCQ QUIZ Set – 8 (Income from House Property)
- Income Tax MCQ QUIZ Set – 9 (Profits and Gains from Business or Profession)
- Income Tax MCQ QUIZ Set – 10 (MCQ on Profit and Gain of Business or Profession)
- Income Tax MCQ QUIZ Set – 11 (MCQ on Income from Capital Gain)
- Income Tax MCQ QUIZ Set – 12 (Income from Capital Gains)
- Income Tax MCQ QUIZ Set – 13 (MCQ on Income from Other Sources)
- Income Tax MCQ QUIZ Set – 15 (Agricultural Income)
- Income Tax MCQ QUIZ Set – 16 (Set-off and Carry-forward of Losses)
- Income Tax MCQ QUIZ Set – 17 (Clubbing and Aggregation of Income)
- Income Tax MCQ QUIZ Set – 18 (Deductions from Gross Total Income)
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