1. A company has given an advertising contract to an advertising agency which is also a company. On 5.11.2024, it has paid a sum of ₹ 2,40,000 to the advertising agency, a firm. The company should deduct tax amounting to
2. Two motor cars of the value of ₹ 12 lakhs and ₹ 8 lakhs was sold by a manufacturer to a distributor.
3. Mr X, a resident, is due to receive ₹ 4.50 lakhs on 31.3.2025 towards maturity proceeds of LIC policy taken on 1.4.2022, for which the sum assured is ₹ 4 lakhs and the annual premium is ₹ 1,25,000. Mr Z, a resident, is due to receive ₹ 95,000 on 1.10.2024 towards maturity proceeds of LIC policy taken on 1.10.2016 for which the sum assured is ₹ 90,000 and the annual premium is ₹ 10,000.
5. Mr Ramesh, Mr Mahesh and Mr Suresh, jointly owned a flat in Mathura, which was let out to Dr Rajesh from 01.04.2024. The annual rent paid by Dr Rajesh for the flat was ₹ 5,40,000, credited equally to each of their account. Mr Rajesh approached his tax consultant to seek clarity in relation to deduction of tax on payment of the rent. He informed his consultant that he occupied such flat for his personal accommodation and his receipts from his profession during PY 2023-24 was ₹ 58 lakhs. As tax consultant, choose the correct answer:
9. Mr Ram acquired a house property at Chennai from Mr Satyam, a resident, for a consideration of ₹ 85L, on 23.8.2024. On the same day, Mr Ram made two separate transactions, thereby acquiring an urban plot in Gwalior from Mr Vipun, a resident, for a sum of ₹ 50L and rural agricultural land from Mr Danish, a resident, for a consideration of ₹ 75L. Which of the following statements are correct assuming that in the consideration amounts as aforementioned all the charges incidental to transfer of the immovable property are included?
10. XYZ Ltd is engaged in the manufacture of mobile phones with a brand name “JUST SAY”. There are five dealers in Delhi and Mumbai to sell “JUST SAY” mobile phones. A Ltd, a dealer in Delhi, receives two mobile phones and X Ltd, a dealer in Mumbai, receives one mobile phone from XYZ Ltd in Jan 2025 on achieving the sales target in the third quarter of 2024-25. The manufacturing cost of each such mobile phone is ₹ 15,000 while the MRP is ₹ 25,000. Price charged from the customers for such mobile phone is after providing 22% discount on MRP. Is XYZ Ltd liable to deduct tax at source before giving mobile phones to A Ltd and X Ltd? And if yes, how much?
11. Mr T, an Indian Citizen and resident of India, earned dividend income of ₹ 4,500 from an Indian company, which was declared on 1.10.2024 and paid in cash to Mr T. What are the tax implications with respect to the dividend in the hands of Mr T and Indian Company?
12. Mr Prakash is employed with XYZ Ltd from 05.11.2022. He resigned on 31.03.2025 and also withdrew a sum of ₹ 55,000, being the accumulated balance of employer’s contribution in his EPF Account, on the same date. The tax would be deducted:
13. Mr Harish is an interior decorator declaring profits u/s 44ADA in PY 2024-25 and the earlier previous years. Mr Harish has to pay brokerage of ₹ 15L to Mr Patel, a broker, to buy a residential house, and ₹ 50L to Mr Suresh, a contractor for reconstruction of the residential house. Are TDS provisions attracted in the hands of Mr Harish in respect of the above transactions?
15. ₹ 60,000 was paid to Mr Samar on 1.7.2024 towards fees for professional services without deduction of tax at source. Subsequently, another payment of ₹ 75,000 was due to Mr Samar on 28.02.2025, from which tax @10% (amounting to ₹ 13,500) on the entire amount of ₹ 1,35,000 was deducted and the net amount was paid on the same day to Mr Samar. However, this tax of ₹ 13,500 was deposited only on 22.6.2025. The interest chargeable u/s 201(1A) would be:
