Tax Deduction at Source means: MCQ with Answer and Explanation

Question

Share Report Error

Tax Deduction at Source means:

A. tax is waived

B. tax is paid by the employer after salary payment

C. the payer deducts tax at the time of payment and deposits it with the government

D. the taxpayer pays tax after assessment

Answer: Option C

Solution (By JKSSB Mock Tests)

TDS requires the payer to deduct tax at source and deposit it with the government.

This question belongs to: Economy GK Economy Set 1

Request complete Subject PDF

Discuss this Question (0)

No comments yet. Be the first to start the discussion!

Practice More Economy Set 1 Questions

Question #1

Share Report

The 'ZED certification' for MSMEs relates to:

A. zero defect and zero effect manufacturing

B. zero interest loans

C. zero energy devices

D. zero export duty

View Answer & Solution Discuss

Get Complete Subject PDF for Economy GK

Correct Answer: Option A

Explanation:
ZED certification relates to Zero Defect Zero Effect manufacturing in MSMEs.

This question belongs to: Economy GK Economy Set 1

Question #2

Share Report

The Fifteenth Finance Commission was headed by:

A. Y.V. Reddy

B. C. Rangarajan

C. N.K. Singh

D. Vijay Kelkar

View Answer & Solution Discuss

Get Complete Subject PDF for Economy GK

Correct Answer: Option C

Explanation:
The Fifteenth Finance Commission was headed by N.K. Singh.

This question belongs to: Economy GK Economy Set 1

Question #3

Share Report

The 'eight core industries' in India include:

A. coal, petroleum, pharmaceuticals, textiles

B. IT services, banking, insurance

C. coal, crude oil, natural gas, refinery products, fertilizers, steel, cement, electricity

D. agriculture, textiles, chemicals

View Answer & Solution Discuss

Get Complete Subject PDF for Economy GK

Correct Answer: Option C

Explanation:
The eight core industries are coal, crude oil, natural gas, refinery products, fertilizers, steel, cement and electricity.

This question belongs to: Economy GK Economy Set 1

Explore All Economy Set 1 MCQs