0 of 42 Questions completed
You have already completed the quiz before. Hence you can not start it again.
Quiz is loading…
You must sign in or sign up to start the quiz.
You must first complete the following:
0 of 42 Questions answered correctly
Time has elapsed
You have reached 0 of 0 point(s), (0)
Earned Point(s): 0 of 0, (0)
0 Essay(s) Pending (Possible Point(s): 0)
|Table is loading|
|No data available|
Business in Digital Domain occur in:
Growth of E Commerce Economy has revolutionised the concept of :
Which among the following are typical taxation issues arising due to E Commerce?
The concept of Equalisation Levy is introduced to-
Equalisation levy is applicable at the rate of ____________ in case of online advertisements–
Equalisation levy is applicable to –
Equalisation levy is –
In cases where Equalisation levy is applicable, tax treaty benefits-
Equalisation levy is applicable on consideration received or receivable for-
The rate of Equalisation Levy applicable on E Commerce supply or services is –
Equalisation levy is not chargeable in case where consideration for specified service received or receivable in PY by Non resident from a person resident in India and carrying on business or profession does not exceed_________
Equalisation Levy at the rate of 2% would be chargeable to consideration received or receivable by an e commerce operator from e commerce supply or services provided/ facilitated by-
Equalisation levy shall not be charged in cases where sales, turnover, gross receipts of ecommerce operator from e commerce supply or services made/provided/facilitated is less than _________ in the P.Y
The amounts of consideration, equalisation levy, interest, penalty payable and refund shall be rounded off to nearest multiple of-
Equalisation levy deducted during any calendar month shall be paid to the credit of Central Government by __________ of the month immediately following the said calendar month.
Every assessee or e commerce operator is required to furnish a statement in ____________ after the end of Financial Year to the AO/authority or agency authorised by Board, containing particulars with respect to all specified services or E commerce supplies/services
The statement to be furnished by the assessee or e commerce operator to the AO is to be submitted on or before
Time limit for submitting revised statement by the assessee or e commerce operator is __________ before end of FY
A notice of demand for equalisation levy , interest or penalty shall be served upon the assessee in
An intimation issued by the AO can be amended for any mistake apparent from record within _______ from end of FY in which intimation sought to be amended was issued
At what rate interest is payable on delayed payment of equalisation levy?
X Ltd failed to deduct equalisation levy with respect to a digital advertisement service provided by Y Ltd. USA. Amount of transaction for such digital advertisement is Rs. 10,00,000/-. What would be the penalty u/s 171 for failure to deduct or pay equalisation levy?
Zenco Ltd deducts equalisation levy from the consideration paid to Magic Ltd. amounting to Rs. 40,000/- from an e commerce transaction undertaken in April 2021. However, the company fails to remit the same to the credit of Central Government by 7th May 2021. What would be the penalty leviable for this default u/s 171?
What is the penalty for failure to furnish the statement containing prescribed particulars of transactions undertaken subject to equalisation levy, to the AO within the prescribed time?
Which among the following is the time limit available to an assessee or e commerce operator who is aggrieved by the order imposing penalty in relation to Equalisation levy?
Appeal against the order imposing penalty in case of Equalisation levy may be filed by the assessee or e commerce operator aggrieved by such order, before the Commissioner (Appeals) in –
Appeal against the order imposing penalty in case of Equalisation levy may be filed by the assessee or e commerce operator aggrieved by such order, before the Commissioner (Appeals) along with a fee of-
An assessee or E commerce operator aggrieved by the order made by the CIT (Appeals) may appeal to –
An appeal before the Appellate tribunal is to be filed within ______ days from the date on which order sought to be appealed against is received by such assessee or E commerce operator.
Which among the following is the punishment u/s 176, for furnishing false statement?
In order to institute prosecution against any person for an offence of furnishing false statement, prior permission of ________ is required.
The Source country can exercise taxation rights over business profits of foreign company only when:
A Inc. USA carries on business in India through its website. The server of website is located in UK and is in control of another enterprise B International in UK. In this case the location of server is not at the disposal of A Inc. Which among the following is correct in the above case?
Taxation issues of E Commerce transactions are dealt in :
OECD recommendations to tackle taxation issues of E Commerce under Action Plan 1 includes:
Equalisation levy will be charged by:
An Indian Company would be liable to deduct equalisation levy when it has to make payment of:
The Assessing officer may issue a notice to assessee, requiring him to furnish return of Equalisation levy in Form 1 within __________ from the date of service of notice, where assessee fails to furnish return within due date.
Appeal before Commissioner of Income Tax (Appeals) shall be made:
Which of the following amounts to Significant Economic Presence in case of – Systematic and Continuous soliciting of Business activities or engaging in interaction with users in India?
Failure to pay equalisation levy on advertisement expenditure before due date of filing income tax return would result in-
An Indian Company failed to deduct equalisation levy in FY 2021-22. However, it has deducted the same on 2nd May 2022 and remitted it before due date of income tax return. In this case, there would be-