Q. Internal auditor is appointed by______
✅ Correct Answer: (A)
Management
Audit Taxation MCQs and Notes
Q. Payment of Rs. ` 45,000 made in cash towards purchases of medicines. The amount of disallowance under section 40A(3) is -
✅ Correct Answer: (A)
Rs 45,000
Q. Mr. DS during the previous year 2018-19 made a payment outside India to a nonresident on which TDS was not paid upto time allowed under section 200. However, such TDS was deducted and paid on 30th September 2019. When shall deduction of this expenditure be allowed to assessee?
✅ Correct Answer: (A)
Previous Year 2018-19
Q. An individual needs to pay Rs. 1,00,000 as advance tax. By 15th of December, how much amount must be paid by the individual:
✅ Correct Answer: (B)
Rs. 60,000
Q. Amount of deduction in case of a person with severe disability under section 80U will be:
✅ Correct Answer: (C)
Rs. 1,00,000
Q. The filing of return of loss in case of a person other than a company or firm is:
✅ Correct Answer: (A)
mandatory
Q. In the absence of the individual assesses, return of income can be signed by …………………
✅ Correct Answer: (D)
Authorized person
Q. In the case of companies, income tax return is signed by:
✅ Correct Answer: (D)
Managing Director
Q. ………………….is responsible to deduct tax at source.
✅ Correct Answer: (C)
Payer