✅ INCOME TAX (PAN, E-FILING, e-TDS, e-TCS) - 100 MCQs
Q1. PAN stands for:
A. Permanent Account Number
B. Personal Account Number
C. Primary Account Number
D. Public Account Number
Q2. PAN is issued by:
A. RBI
B. CBDT
C. SEBI
D. GST Council
Q3. PAN is mandatory for:
A. Filing income tax return
B. Opening bank account
C. High-value transactions
D. All
Q4. Structure of PAN includes:
A. 8 digits
B. 10 alphanumeric characters
C. 12 digits
D. 15 digits
Q5. First 5 characters of PAN are:
A. Numbers
B. Alphabets
C. Mixed
D. Symbols
Q6. Fourth character of PAN indicates:
A. Area code
B. Status of assessee
C. Year
D. Tax rate
Q7. Fifth character of PAN represents:
A. Initial of name
B. State code
C. Tax office
D. Income
Q8. PAN is unique because:
A. It changes yearly
B. It is permanent
C. It is temporary
D. It is optional
Q9. Duplicate PAN is:
A. Allowed
B. Not allowed
C. Mandatory
D. Ignored
Q10. PAN is required for cash deposit exceeding:
A. ₹10,000
B. ₹50,000
C. ₹1,00,000
D. ₹5,00,000
Q11. Income Tax Return (ITR) is filed through:
A. Manual system
B. Online system
C. Bank
D. Post office
Q12. E-filing portal is managed by:
A. RBI
B. CBDT
C. SEBI
D. MCA
Q13. E-filing means:
A. Paper filing
B. Online submission
C. Offline submission
D. Manual entry
Q14. ITR filing is mandatory when income exceeds:
A. Basic exemption limit
B. ₹1 lakh
C. ₹5 lakh
D. ₹10 lakh
Q15. E-verification of return can be done through:
A. Aadhaar OTP
B. Net banking
C. DSC
D. All
Q16. Due date for filing ITR (individual) is generally:
A. 31 March
B. 31 July
C. 30 June
D. 31 December
Q17. Late filing fee under section 234F can be up to:
A. ₹1,000
B. ₹5,000
C. ₹10,000
D. ₹20,000
Q18. Revised return can be filed under section:
A. 139(1)
B. 139(5)
C. 139(9)
D. 140
Q19. Belated return is filed under section:
A. 139(1)
B. 139(4)
C. 139(5)
D. 140
Q20. Defective return is covered under:
A. 139(1)
B. 139(5)
C. 139(9)
D. 140
Q21. TAN is required for:
A. Filing ITR
B. Deducting TDS
C. GST filing
D. Audit
Q22. TAN stands for:
A. Tax Account Number
B. Tax Deduction Account Number
C. Total Account Number
D. Tax Allocation Number
Q23. TAN is mandatory for:
A. Individuals
B. Deductors
C. Companies only
D. Auditors
Q24. e-TDS return is filed:
A. Annually
B. Quarterly
C. Monthly
D. Weekly
Q25. Form 24Q is for:
A. Non-salary TDS
B. Salary TDS
C. TCS
D. GST
Q26. Form 26Q is for:
A. Salary
B. Non-salary
C. TCS
D. GST
Q27. Form 27Q is for:
A. Resident payments
B. Non-resident payments
C. Salary
D. GST
Q28. TDS certificate for salary is:
A. Form 16
B. Form 16A
C. Form 26Q
D. Form 27Q
Q29. TDS certificate for non-salary is:
A. Form 16
B. Form 16A
C. Form 24Q
D. Form 27Q
Q30. Due date for TDS return (Q1) is:
A. 31 July
B. 31 October
C. 31 January
D. 31 May
Q31. e-TCS stands for:
A. Electronic Tax Collection System
B. Electronic Tax Collected at Source
C. Electronic Tax Calculation System
D. None
Q32. TCS is collected by:
A. Buyer
B. Seller
C. Government
D. Bank
Q33. Form for TCS return is:
A. 24Q
B. 26Q
C. 27EQ
D. 16
Q34. TCS certificate is:
A. Form 16
B. Form 16A
C. Form 27D
D. Form 26
Q35. Due date for TCS return is:
A. Monthly
B. Quarterly
C. Annually
D. Weekly
Q36. Failure to deduct TDS leads to:
A. Penalty
B. Interest
C. Disallowance
D. All
Q37. Interest for late TDS deduction is:
A. 1%
B. 1.5%
C. 2%
D. 3%
Q38. Late filing fee for TDS return is per day:
A. ₹100
B. ₹200
C. ₹300
D. ₹500
Q39. Maximum late fee equals:
A. Tax amount
B. ₹10,000
C. ₹5,000
D. ₹1,000
Q40. Form 26AS shows:
A. Income
B. TDS
C. Tax credit
D. All
Q41. AIS stands for:
A. Annual Information Statement
B. Account Information Sheet
C. Audit Information System
D. None
Q42. PAN-Aadhaar linking is:
A. Optional
B. Mandatory
C. Ignored
D. Temporary
Q43. Non-linking leads to:
A. Penalty
B. PAN inoperative
C. Both
D. None
Q44. E-filing requires:
A. PAN
B. Password
C. Registration
D. All
Q45. Digital Signature Certificate is used for:
A. Filing
B. Verification
C. Authentication
D. All
Q46. ITR processing is done by:
A. CPC
B. RBI
C. SEBI
D. GST
Q47. CPC is located at:
A. Delhi
B. Mumbai
C. Bengaluru
D. Chennai
Q48. Refund is issued by:
A. Bank
B. CPC
C. CBDT
D. RBI
Q49. Intimation under section 143(1) is:
A. Assessment
B. Processing
C. Audit
D. Appeal
Q50. E-filing reduces:
A. Errors
B. Time
C. Paperwork
D. All
Q51. If a person has two PANs, he should:
A. Use both
B. Surrender one
C. Ignore
D. Cancel both
Q52. PAN must be quoted in TDS returns for:
A. Deductor only
B. Deductee only
C. Both
D. None
Q53. If PAN is not furnished, TDS is deducted at:
A. Normal rate
B. 10%
C. 20% or higher
D. 5%
Q54. Section applicable for higher TDS without PAN is:
A. 194A
B. 206AA
C. 139
D. 143
Q55. TAN is not required for:
A. TDS
B. TCS
C. Personal tax payment
D. Salary
Q56. E-filing utility is provided by:
A. RBI
B. Income Tax Department
C. SEBI
D. MCA
Q57. ITR must be verified within:
A. 10 days
B. 15 days
C. 30 days
D. 60 days
Q58. If return is not verified, it is treated as:
A. Valid
B. Invalid
C. Revised
D. Belated
Q59. Aadhaar-based OTP is used for:
A. Filing
B. Verification
C. Payment
D. Audit
Q60. DSC is mandatory for:
A. Individuals
B. Companies
C. Students
D. Farmers
Q61. Belated return can be filed up to:
A. End of assessment year
B. 31 July
C. 31 March of next year
D. Anytime
Q62. Revised return can be filed:
A. Only once
B. Multiple times
C. Not allowed
D. After assessment
Q63. If error found after filing, assessee should file:
A. Fresh return
B. Revised return
C. Belated return
D. Nil return
Q64. Defective return notice is issued under:
A. 143(1)
B. 139(9)
C. 147
D. 154
Q65. Failure to respond to defective return leads to:
A. Acceptance
B. Rejection
C. Penalty
D. Refund
Q66. TDS deducted must be deposited within:
A. 7 days
B. 15 days
C. 30 days
D. 60 days
Q67. Delay in TDS payment attracts interest @:
A. 1%
B. 1.5%
C. 2%
D. 3%
Q68. TDS return correction is done through:
A. Revised return
B. Correction statement
C. Fresh return
D. Audit
Q69. TDS default penalty under section:
A. 271C
B. 234F
C. 139
D. 80C
Q70. Non-filing of TDS return leads to:
A. Penalty
B. Late fee
C. Both
D. None
Q71. TCS is applicable on:
A. Goods sale
B. Services
C. Salary
D. Rent
Q72. TCS is collected at time of:
A. Payment
B. Sale
C. Purchase
D. Audit
Q73. TCS rate is specified under:
A. 194
B. 206C
C. 139
D. 143
Q74. Failure to collect TCS leads to:
A. Penalty
B. Interest
C. Both
D. None
Q75. TCS return correction is done through:
A. Fresh return
B. Correction statement
C. Audit
D. Appeal
Q76. Form 26AS includes:
A. TDS
B. TCS
C. Advance tax
D. All
Q77. AIS includes:
A. Financial transactions
B. Income details
C. Tax details
D. All
Q78. Difference between AIS and 26AS is:
A. AIS detailed
B. 26AS summary
C. Both
D. None
Q79. PAN is required for:
A. Property purchase
B. Bank deposit
C. Investment
D. All
Q80. PAN becomes inoperative if:
A. Not used
B. Not linked with Aadhaar
C. Expired
D. Cancelled
Q81. E-filing portal allows:
A. Filing
B. Refund tracking
C. Notice response
D. All
Q82. Refund is credited through:
A. Cash
B. Cheque
C. Bank transfer
D. Draft
Q83. ITR processing is automated at:
A. CPC
B. RBI
C. GST
D. SEBI
Q84. Intimation u/s 143(1) includes:
A. Tax payable
B. Refund
C. Adjustments
D. All
Q85. Demand notice is issued when:
A. Tax payable
B. Refund
C. Loss
D. Nil return
Q86. Late filing fee u/s 234F depends on:
A. Income
B. Delay
C. Both
D. None
Q87. E-filing requires:
A. PAN
B. Password
C. Registration
D. All
Q88. ITR forms vary based on:
A. Income type
B. Status
C. Amount
D. All
Q89. TDS credit is claimed in:
A. ITR
B. Balance sheet
C. Cash book
D. Ledger
Q90. TDS mismatch leads to:
A. Demand
B. Refund delay
C. Notice
D. All
Q91. TAN application is made in:
A. Form 49A
B. Form 49B
C. Form 16
D. Form 26
Q92. PAN application is made in:
A. 49A
B. 49B
C. 16
D. 26
Q93. E-TDS return filing software is:
A. RPU
B. FVU
C. Both
D. None
Q94. FVU stands for:
A. File Validation Utility
B. File Verification Unit
C. Form Validation Unit
D. None
Q95. RPU stands for:
A. Return Preparation Utility
B. Report Processing Unit
C. Return Processing Unit
D. None
Q96. TDS return must contain:
A. PAN
B. TAN
C. Amount
D. All
Q97. Non-quoting PAN leads to:
A. Lower TDS
B. Higher TDS
C. No TDS
D. Refund
Q98. E-filing reduces:
A. Errors
B. Time
C. Cost
D. All
Q99. TCS is collected on:
A. Scrap
B. Timber
C. Alcohol
D. All
Q100. Income Tax compliance ensures:
A. Legal compliance
B. Financial discipline
C. Transparency
D. All
✅ ANSWER KEY (Q1–50)
1-A, 2-B, 3-D, 4-B, 5-B
6-B, 7-A, 8-B, 9-B, 10-B
11-B, 12-B, 13-B, 14-A, 15-D
16-B, 17-B, 18-B, 19-B, 20-C
21-B, 22-B, 23-B, 24-B, 25-B
26-B, 27-B, 28-A, 29-B, 30-A
31-B, 32-B, 33-C, 34-C, 35-B
36-D, 37-A, 38-B, 39-A, 40-D
41-A, 42-B, 43-C, 44-D, 45-D
46-A, 47-C, 48-B, 49-B, 50-D
✅ ANSWER KEY (Q51–100)
51-B, 52-C, 53-C, 54-B, 55-C
56-B, 57-C, 58-B, 59-B, 60-B
61-A, 62-B, 63-B, 64-B, 65-B
66-A, 67-B, 68-B, 69-A, 70-C
71-A, 72-B, 73-B, 74-C, 75-B
76-D, 77-D, 78-C, 79-D, 80-B
81-D, 82-C, 83-A, 84-D, 85-A
86-C, 87-D, 88-D, 89-A, 90-D
91-B, 92-A, 93-C, 94-A, 95-A
96-D, 97-B, 98-D, 99-D, 100-D
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