1. Mr A, a salaried individual, pays rent of ₹ 51,000 p.m. to Mr B from June 2025. Which of the following statement is true?
2. Mr X paid fees for professional services of 60,000 to Mr Y, who is engaged only in the business of operation of call centre, on 15.7.2025. Tax is to be deducted by Mr X at the rate of
3. No tax is to be deducted at source if the amount credited/paid during the previous year as fee for professional or technical services does not exceed:
4. Two motor cars of the value of ₹ 12 lakhs and ₹ 8 lakhs was sold by a manufacturer to a distributor.
5. A registered firm pays salary and interest on capital to its resident partners. The salary and interest paid fall within the limits specified u/s 40(b). Which of the following statements is true?
6. Mr X, a resident, is due to receive ₹ 4.50 lakhs on 31.3.2026 towards maturity proceeds of LIC policy taken on 1.4.2023, 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 1.10.2025 towards maturity proceeds of LIC policy taken on 1.10.2017 for which the sum assured is ₹ 90,000 and the annual premium is ₹ 10,000.
10. Mr Ram acquired a house property at Chennai from Mr Satyam, a resident, for a consideration of ₹ 85L, on 23.8.2025. 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?
11. 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 2026 on achieving the sales target in the third quarter of 2025-26. 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?
12. Mr T, an Indian Citizen and resident of India, earned dividend income of ₹ 4,500 from an Indian company, which was declared on 1.10.2025 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?
13. Mr Harish is an interior decorator declaring profits u/s 44ADA in PY 2025-26 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?
16. ₹ 60,000 was paid to Mr Samar on 1.7.2025 towards fees for professional services without deduction of tax at source. Subsequently, another payment of ₹ 75,000 was due to Mr Samar on 28.02.2026, 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 22.6.2026. The interest chargeable u/s 201(1A) would be: