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๐ŸŽ“ Income Tax Sections List (Part 2)

๐Ÿ‘‰Exclusively Available for
@CS_Study_Notes Members.

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Section โ€“ 196 : Interest or dividend or other sums payable to Government, Reserve Bank or certain corporations
Section โ€“ 196A : Income in respect of units of non-residents
Section โ€“ 196B : Income from units
Section โ€“ 196C : Income from foreign currency bonds or shares
Section โ€“ 196D : Income of Foreign Institutional Investors from securities
Section โ€“ 197 : Certificate for deduction at lower rate
Section โ€“ 197A : No deduction to be made in certain cases
Section โ€“ 198 : Tax deducted is income received
Section โ€“ 199 : Credit for tax deducted
Section โ€“ 200 : Duty of person deducting tax
Section โ€“ 200A : Processing of statements of tax deducted at source
Section โ€“ 201 : Consequences of failure to deduct or pay
Section โ€“ 202 : Deduction only one mode of recovery
Section โ€“ 203 : Certificate for tax deducted
Section โ€“ 203A : Tax deduction and collection account number
Section โ€“ 203AA : Furnishing of statement of tax deducted
Section โ€“ 204 : Meaning of โ€œperson responsible for payingโ€
Section โ€“ 205 : Bar against direct demand on assessee

Section โ€“ 206 : Persons deducting tax to furnish prescribed returns
Section โ€“ 206A : Furnishing of quarterly* return in respect of payment of interest to residents without deduction of tax
Section โ€“ 206AA : Requirement to furnish Permanent Account Number
Section โ€“ 206B : Person paying dividend to certain residents without deduction of tax to furnish prescribed return
Section โ€“ 206C : Profits and gains from the business of trading in alcoholic liquor, forest produce, scrap, etc
Section โ€“ 206CA : Tax collection account number
Section โ€“ 206CB : Processing of statements of tax collected at source
Section โ€“ 206CC : [Requirement to furnish Permanent Account number by collectee
Section โ€“ 207 : Liability for payment of advance tax
Section โ€“ 208 : Conditions of liability to pay advance tax
Section โ€“ 209 : Computation of advance tax
Section โ€“ 209A : Computation and payment of advance tax by assessee


Section โ€“ 211 : Instalments of advance tax and due dates
Section โ€“ 212 : Estimate by assessee
Section โ€“ 213 : Commission receipts
Section โ€“ 214 : Interest payable by Government
Section โ€“ 215 : Interest payable by assessee
Section โ€“ 216 : Interest payable by assessee in case of under-estimate, etc
Section โ€“ 217 : Interest payable by assessee when no estimate made
Section โ€“ 218 : When assessee deemed to be in default
Section โ€“ 219 : Credit for advance tax
Section โ€“ 220 : When tax payable and when assessee deemed in default
Section โ€“ 221 : Penalty payable when tax in default

Section โ€“ 222 : Certificate to Tax Recovery Officer
Section โ€“ 223 : Tax Recovery Officer by whom recovery is to be effected
Section โ€“ 224 : Validity of certificate and cancellation or amendment thereof
Section โ€“ 225 : Stay of proceedings in pursuance of certificate and amendment or cancellation thereof
Section โ€“ 226 : Other modes of recovery
Section โ€“ 227 : Recovery through State Government
Section โ€“ 228 : Recovery of Indian tax in Pakistan and Pakistan tax in India
Section โ€“ 228A : Recovery of tax in pursuance of agreements with foreign countries

Section โ€“ 229 : Recovery of penalties, fine, interest and other sums
Section โ€“ 230 : Tax clearance certificate
Section โ€“ 230A : Restrictions on registration of transfers of immovable property in certain cases
Section โ€“ 231 : Period for commencing recovery proceedings
Section โ€“ 232 : Recovery by suit or under other law not affected
Section โ€“ 233 : Recovery of tax payable under provisional assessment

Section โ€“ 234 : Tax paid by deduction or advance payment
Section โ€“ 234A : Interest for defaults in furnishing return of income
Section โ€“ 234B : Interest for defaults in payment of advance tax
Section โ€“ 234C : Interest for deferment of advance tax
Section โ€“ 234D : Interest on excess refund
Section โ€“ 234E : Fee for default in furnishing statements
Section โ€“ 234F : Fee for default in furnishing return of income

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โœ… CS Executive GST Marathon Notes | Part 1 :

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CS Executive GST Marathon Notes 1 @CS_Study_Notes.pdf
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โœ… CS Executive GST Marathon Notes | Part 2 :

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CS Professional Advanced Laws ABC Analysis @CS_Study_Notes.pdf
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โœ… CS Professional Advanced Laws - ACLP ABC Analysis :

๐Ÿ‘จโ€๐ŸŽ“ By Vivek Gaba

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What is the value of supply, if the A sold the goods to b at the rate of 23600 inclusive of municipal tax of Rs. 3600. What is the value of supply
Anonymous Quiz
36%
23600
53%
20000
11%
None of the above
๐Ÿ‘7
2. How much tax is ,paid by the person if the following detail are as follows:- 1. sales of Rs. 10,00,000 @ 18 Percent 2. Purchase of Goods 8,00,000 @18 Percent
Anonymous Quiz
40%
180000
38%
36000
21%
144000
3. What is the amount of Interest ded allowed for the year 2019-20:- if the details are as follows:- Date of taking Loan 01.04.2018, Completion of Construction 31.03.2020.Amount of loan 10,00,000 @5 Percent Interest
Anonymous Quiz
16%
60000
49%
50000
22%
10000
13%
None of the Above
๐Ÿคฉ7๐Ÿ‘1๐Ÿ”ฅ1
4. What is the Taxable Salary for the year 2019-20, if the Person Rec salary 18000 per month , including 18000 as HRA and live in Himachal... and live his own house ( Rent is 17000 in the Area)
Anonymous Quiz
32%
234000
37%
184000
20%
229400
11%
179400
๐ŸŽ‰8๐Ÿ‘1๐Ÿ”ฅ1๐Ÿคฉ1
5. What is the Place of Supply if the Goods assembled in Haryana, the goods delivered by the Mohan ( Delhi) to Shyam whose place of buisness is UP
Anonymous Quiz
32%
Haryana
31%
Delhi
36%
UP
๐Ÿ‘2โค1๐Ÿ”ฅ1
6. What is the NAV of the House , if the House give on a rent of Rs. 15000 Per Month and the Municipal Tax due for the Year 13000 and Out of which 5000 Paid ...
Anonymous Quiz
33%
180000
43%
175000
16%
122500
8%
126000
๐Ÿ‘8
6. What is the Time of the supply if the following details are as follows:-
A.Goods removed from the factory 01.01.2018
B. Goods received to the recipient 05.02.2018 C Invoice raised on 03.01.2018
Anonymous Quiz
44%
01.01.2018
28%
05.02.2018
29%
03.01.2018
๐Ÿ‘1๐Ÿ”ฅ1
7. What is the amount of interest allowed for the financial year 2019-20
A. Loan taken as on 01.04.2018
B. Construction complete as on 28.02.2020 C. Amount of loan 10,00,000 D rate of interest 2 percent
Anonymous Quiz
45%
20000
31%
24000
16%
40000
8%
40000
๐Ÿ‘5โค3
8. Determine the pre period for interest under house property from the following data :-
Date of taking loan 01.03.2016
Date of completion of construction 31.03.2020
Anonymous Quiz
28%
01.03.16 to 31.03.2019
48%
01.03.2016 to 31.03.2020
20%
01.03.2016 to 31.03.2017
4%
01.03.2016 to 31.03.2018
๐Ÿ‘4
What is the place of supply if the goods are delivered to A(delhi) by B(Up) on the direction of the C (haryana)
Anonymous Quiz
42%
Haryana
43%
Delhi
15%
Up
โค4๐Ÿ‘1
10. What is the value of the supply, if the following details are as follows ;-

A purchased a mobile from B, in exchange of his laptop whose value is 14000 plus give cash of Rs. 8000 .....
Anonymous Quiz
58%
22000
25%
14000
16%
8000
๐Ÿ‘4๐Ÿ‘3๐Ÿ”ฅ1๐Ÿ™1
11. Calculate amount of pre interest for the year 2019-20
Amount of loan 1200000
Rate of interest 10 percent Date of loan 01.05.2015 Date of completion of construction 29.02.2016
Anonymous Quiz
37%
Nil
40%
22000
23%
110000
โค6๐Ÿ‘5
12. What is the amount of interest allowed for the financial year 2019-20 if the following details are as follows:-
A. Amount of loan 1200000
B. Rate of interest 10 percent C. Date of take loan 01.04.2015 D. Completion of construction 31.03.2019
Anonymous Quiz
21%
72000
44%
360000
23%
200000
12%
192000
๐Ÿ‘5