Sponsored Links

Interview Questions



Advertisements Tax Deducted at Source (TDS/ TCS) Interview Questions
COOLINTERVIEW.COM TAX INTERVIEW QUESTIONS TAX DEDUCTED AT SOURCE (TDS/ TCS) INTERVIEW QUESTIONS QUESTIONS LISTING

Tax Deducted at Source (TDS/ TCS) Interview Questions & Answers

Below we have listed all the Tax Deducted at Source (TDS/ TCS) Interview Questions and answers. Feel free to comment on any Tax Deducted at Source (TDS/ TCS) Interview Questions or answer by the comment feature available on the page.

To buy an eBook containing 30,000 Interview Questions, with Answers, Click Here.
View All Tax Deducted at Source (TDS/ TCS) Interview Questions & Answers - Exam Mode / Learning Mode

Tax Deducted at Source (TDS/ TCS) Interview Questions & Answers

TDS - Tax Deducted at Source. TDS or Tax Deducted at Source, is a means of indirect tax collection by Indian authorities according to the Income Tax Act, 1961. TDS is managed by the Central Board of Direct taxes (CBDT), which comes under the Indian Revenue Services (IRS). TDS is simply Tax Deducted at Source. As per the Income Tax Act persons responsible for making payments are required to deduct tax at source at prescribed rates. Instead of receiving tax on your income from you at a later date, the govt wants the payers to deduct tax before hand and deposit it with the govt. Tax Deducted at Source (TDS) is a means of collecting income tax in India, under the Indian Income Tax Act of 1961. Any payment covered under these provisions shall be paid after deducting prescribed percentage. It is managed by the Central Board for Direct Taxes (CBDT) and is part of the Department of Revenue managed by Indian Revenue Service (IRS). It has a great importance while conducting tax audits. A

1

Sort By : Latest First | Oldest First | By Rating

Question
Rating
View Answer
​If the payer does not deduct tax at source, will the payee face any adverse consequences by means of action taken by the Income-tax Department?
0.3 Rating
View Answer
​How can I know the quantum of tax deducted by the Payer?
0.3 Rating
View Answer
However, the provisions of section 206AA shall not apply to a non-resident, not being a company, or to a foreign company, in respect of?
0.3 Rating
View Answer
​What is tax deducted at source?
0.3 Rating
View Answer
​I do not have PAN. Can I furnish Form 15G/15H for non-deduction of TDS from interest?
0.2 Rating
View Answer
​Can the payee request the payer not to deduct tax at source and to pay the amount without deduction of tax at source?
0.3 Rating
View Answer
​What is the difference between PAN and TAN?
0.3 Rating
View Answer
​Under what circumstances a deductor would not be deemed as an assessee-in-default even after he fails to deduct TDS or after deducting the same fails to deposit it to the Government?s account?
0.3 Rating
View Answer
​What to do if the TDS credit is not reflected in Form 26AS?
0.3 Rating
View Answer
​What to do if tax is deducted but the ultimate tax liability of the payee is nil or lower than the amount of TDS?
0.3 Rating
View Answer
​What are the duties of the person deducting tax at source?
0.2 Rating
View Answer
​At what rate the Payer will deduct tax if PAN Number is not furnished to the Payer?
0.2 Rating
View Answer
​I have not received TDS certificate from the deductor. Can I claim TDS in my return of income?
0.2 Rating
View Answer
​Is there any minimum amount upto which tax is not deducted?
0.3 Rating
View Answer
​If I buy any land/building then is there any requirement to deduct tax from the sale proceeds to be paid by me to the seller?
0.2 Rating
View Answer
​What are the payments covered under the TDS mechanism and the rates for deduction of tax at source?
0.2 Rating
View Answer
Would I face any adverse consequences if instead of depositing TDS in the government's account I use it for my personal needs?
0.2 Rating
View Answer
​What are the consequences a deductor would face if he fails to deduct TDS or after deducting the same fails to deposit?
0.2 Rating
View Answer

1




User Options
India News Network

Latest 20 Questions
Payment of time- barred debt is: (a) Valid (b) Void (c) Illegal (d) Voidable
Consideration is defined in the Indian Contract Act,1872 in: (a) Section 2(f) (b) Section 2(e) (c) Section 2(g) (d) Section 2(d)
Which of the following is not an exception to the rule, "No consideration, No contract": (a) Natural love and affection (b) Compensation for involuntary services (c) Completed gift (d) Agency
Consideration must move at the desire of: (a) The promisor (b) The promisee (c) The promisor or any other party (d) Both the promisor and the promisee
An offer which is open for acceptance over a period of time is: (a) Cross Offer (b) Counter Offer (c) Standing Offer (d) Implied Offer
Specific offer can be communicated to__________ (a) All the parties of contract (b) General public in universe (c) Specific person (d) None of the above
_________ amounts to rejection of the original offer. (a) Cross offer (b) Special offer (c) Standing offer (d) Counter offer
A advertises to sell his old car by advertising in a newspaper. This offer is caleed: (a) General Offer (b) Special Offer (c) Continuing Offer (d) None of the above
In case a counter offer is made, the original offer stands: (a) Rejected (b) Accepted automatically (c) Accepted subject to certain modifications and variations (d) None of the above
In case of unenforceable contract having some technical defect, parties (a) Can sue upon it (b) Cannot sue upon it (c) Should consider it to be illegal (d) None of the above
If entire specified goods is perished before entering into contract of sale, the contract is (a) Valid (b) Void (c) Voidable (d) Cancelled
______________ contracts are also caled contracts with executed consideration. (a) Unilateral (b) Completed (c) Bilateral (d) Executory
A offers B to supply books @ Rs 100 each but B accepts the same with condition of 10% discount. This is a case of (a) Counter Offer (b) Cross Offer (c) Specific Offer (d) General Offer
_____________ is a game of chance. (a) Conditional Contract (b) Contingent Contract (c) Wagering Contract (d) Quasi Contract
There is no binding contract in case of _______ as one's offer cannot be constructed as acceptance (a) Cross Offer (b) Standing Offer (c) Counter Offer (d) Special Offer
An offer is made with an intention to have negotiation from other party. This type of offer is: (a) Invitation to offer (b) Valid offer (c) Voidable (d) None of the above
When an offer is made to the world at large, it is ____________ offer. (a) Counter (b) Special (c) General (d) None of the above
Implied contract even if not in writing or express words is perfectly _______________ if all the conditions are satisfied:- (a) Void (b) Voidable (c) Valid (d) Illegal
A specific offer can be accepted by ___________. (a) Any person (b) Any friend to offeror (c) The person to whom it is made (d) Any friend of offeree
An agreement toput a fire on a person's car is a ______: (a) Legal (b) Voidable (c) Valid (d) Illegal



Fresher Jobs | Experienced Jobs | Government Jobs | Walkin Jobs | Company Profiles | Interview Questions | Placement Papers | Companies In India | Consultants In India | Colleges In India | Exams In India | Latest Results | Notifications In India | Call Centers In India | Training Institutes In India | Job Communities In India | Courses In India | Jobs by Keyskills | Jobs by Functional Areas

Testing Articles | Testing Books | Testing Certifications | Testing FAQs | Testing Downloads | Testing Interview Questions | Testing Jobs | Testing Training Institutes

Gate Articles | Gate Books | Gate Colleges | Gate Downloads | Gate Faqs | Gate Jobs | Gate News | Gate Sample Papers | Gate Training Institutes

MBA Articles | MBA Books | MBA Case Studies | MBA Business Schools | MBA Current Affairs | MBA Downloads | MBA Events | MBA Notifications | MBA FAQs | MBA Jobs
MBA Job Consultants | MBA News | MBA Results | MBA Courses | MBA Sample Papers | MBA Interview Questions | MBA Training Institutes

GRE Articles | GRE Books | GRE Colleges | GRE Downloads | GRE Events | GRE FAQs | GRE News | GRE Training Institutes | GRE Sample Papers

IAS Articles | IAS Books | IAS Current Affairs | IAS Downloads | IAS Events | IAS FAQs | IAS News | IAS Notifications | IAS UPSC Jobs | IAS Previous Question Papers
IAS Results | IAS Sample Papers | IAS Interview Questions | IAS Training Institutes | IAS Toppers Interview

SAP Articles | SAP Books | SAP Certifications | SAP Companies | SAP Study Materials | SAP Events | SAP FAQs | SAP Jobs | SAP Job Consultants
SAP Links | SAP News | SAP Sample Papers | SAP Interview Questions | SAP Training Institutes |




Copyright ©2003-2023 CoolInterview.com, All Rights Reserved.
Privacy Policy | Terms and Conditions