Accountancy MCQs

Taxation - TDS Questions with solutions MCQs

1. Assertion (A): If the interest is payable outside India, tax must be deducted at source.

Reason (R): If tax has not been deducted at source, the amount paid as interest will not be allowed as a deduction in computing business income.

A

Both (A) and (R) are correct and (R) is the correct explanation of (A)

B

Both (A) and (R) are correct but (R) is not the correct explanation of (A)

C

(A) is true but (R) is wrong

D

(A) is wrong but (R) is correct

Taxation - TDS Account Ast. 2024
Correct Answer : A
Explanation :

Both assertion and reason are correct, and R correctly explains A. TDS must be deducted on interest payable outside India, else deduction is disallowed.

Correct Answered :

Wrong Answered :

CONTACT US

  • J & K

  • admin@prepmart.in

    • QUICK LINKS

    LIKE AND SHARE YOUR EXPERIENCE

    Like Us on Facebook Join Us on Telegram
    VISITORS COUNT 1 1 3 1 5 6 6
    PrepMart 2022. All Rights Reserved | Terms & Conditions | Privacy Policy | Refund & Cancellation Policy
    Developed By : PrepMart