Q. The Commissioner of Income-tax (Appeals) is the ________ appellate authority
✅ Correct Answer: (A)
First
Audit Taxation MCQs and Notes
Q. The notice under section 143(2) must be served within:
✅ Correct Answer: (C)
6 months from the end of the financial year in which the return was furnished
Q. All companies other than those covered u/s 25 are required to file return of Income in:
✅ Correct Answer: (A)
Form ITR6
Q. In case the Key man insurance policy is taken in name of any other person any sum received on its maturity by such person shall be taxable under the head -
✅ Correct Answer: (D)
Income from Other Sources
Q. Supreme Courts precedent in binding on
✅ Correct Answer: (D)
All of the above.
Q. The return of income is to be furnished in
✅ Correct Answer: (D)
ITR 1 – to 7 (as the case may be)
Q. The return of income can be filed with the Income-tax Department in electronic mode only.
✅ Correct Answer: (A)
True
Q. E-filing of return in case of an office of the Government/company and a firm whose accounts are liable to be audited is:
✅ Correct Answer: (A)
mandatory
Q. Which of the following can be corrected while processing the return of income under section 143(1)?
✅ Correct Answer: (A)
any arithmetical error in the return
Q. Mr. A is not a citizen of India. He wants to apply for PAN in India and he has consulted you to provide him the applicable form for application of PAN. What would be correct Form;
✅ Correct Answer: (C)
Form 49AA