The 'Tax Deduction and Collection Account Number' is used for: MCQ with Answer and Explanation

Question

Share Report Error

The 'Tax Deduction and Collection Account Number' is used for:

A. depositing TDS and TCS

B. getting PAN

C. opening a bank account

D. filing income tax returns only

Answer: Option A

Solution (By JKSSB Mock Tests)

TAN is used for depositing tax deducted or collected at source.

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

The 'Goods and Services Tax' rate on footwear above Rs 1,000 is:

A. 12%

B. 28%

C. 18%

D. 5%

View Answer & Solution Discuss

Get Complete Subject PDF for Economy GK

Correct Answer: Option C

Explanation:
Footwear above Rs 1,000 attracts 18% GST.

This question belongs to: Economy GK Economy Set 1

Question #2

The 'National Agricultural Cooperative Marketing Federation of India' is known as:

A. NABARD

B. CACP

C. NAFED

D. FCI

View Answer & Solution Discuss

Get Complete Subject PDF for Economy GK

Correct Answer: Option C

Explanation:
NAFED is the National Agricultural Cooperative Marketing Federation of India.

This question belongs to: Economy GK Economy Set 1

Question #3

The 'Bharat Interface for Money' is a mobile application for:

A. tax payment

B. loan applications

C. insurance

D. UPI-based payments

View Answer & Solution Discuss

Get Complete Subject PDF for Economy GK

Correct Answer: Option D

Explanation:
BHIM is a UPI-based mobile payment app.

This question belongs to: Economy GK Economy Set 1

Explore All Economy Set 1 MCQs