Deduction at Source and Advance Payment

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Questions and Answers

When is income tax payable by deduction or collection at source or by advance payment?

  • In a later assessment year (correct)
  • In any case where income-tax has not been deducted
  • At the time of payment
  • In any assessment year beginning on or after a certain date

What is the purpose of Section 191 of the text?

  • To allow the assessee to pay income-tax directly (correct)
  • To make provision for deducting income-tax at the time of payment
  • To specify the cases where income-tax has not been deducted
  • To explain how income-tax is payable by deduction or collection at source or by advance payment

What does Section 190 of the text not prejudice?

  • The charge of tax on income under Section 4 (correct)
  • The deduction or collection of income tax at source
  • The advance payment of income tax
  • The payment of income tax under Section 192

What does the text state about the payment of income tax under Section 192?

<p>It is made by deduction or collection at source (D)</p> Signup and view all the answers

When is income tax payable by the assessee direct?

<p>When income tax has not been deducted in accordance with the provisions of the Chapter (A)</p> Signup and view all the answers

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