Question: 1

By which report we can come to know if VAT is payable or refundable.

(A) E-VAT forms

(B) VAT Computation

(C) VAT forms

(D) None of these

Question: 2

Which will be group of VAT Adjustment ledger?

(A) Indirect Expenses

(B) Indirect Incomes

(C) Duties & Taxes

(D) None of these

Question: 3

TDS is applied on which of the following incomes?

(A) Commission of lottery ticket

(B) Professional Fee

(C) Salary Income (Contract)

(D) All of these

Question: 4

On which of the following incomes TDS in not applied?

(A) Advertisement Income

(B) Cable Operator

(C) Rent income from land or home

(D) Insurance Commission

Question: 5

According to law who has to pay TDS to the Income Tax Department?

(A) Service Provider

(B) Service Receiver

(C) A & B both

(D) There is no such provision