Tally ERP MCQ Questions and Answers Quiz

71. By which report we can come to know if VAT is payable or refundable.

  1. E-VAT forms
  2. VAT Computation
  3. VAT forms
  4. None of these

72. Which will be group of VAT Adjustment ledger?

  1. Indirect Expenses
  2. Indirect Incomes
  3. Duties & Taxes
  4. None of these

73. TDS is applied on which of the following incomes?

  1. Commission of lottery ticket
  2. Professional Fee
  3. Salary Income (Contract)
  4. All of these

74. On which of the following incomes TDS in not applied?

  1. Advertisement Income
  2. Cable Operator
  3. Rent income from land or home
  4. Insurance Commission

75. According to law who has to pay TDS to the Income Tax Department?

  1. Service Receiver
  2. Service Receiver
  3. Service Provider and Service Receiver both
  4. There is no such provision

76. What is the TDS exemption limit for contractor and sub-contractor?

  1. 5000
  2. 10000
  3. 20000
  4. 50000

77. What is the TDS exemption limit for professional fees like Audit fees, Consultancy fees,Training fees?

  1. 15000
  2. 20000
  3. 25000
  4. 50000

78. Which shortcut key is used to enable Tax Deducted at Source [TDS]?

  1. F9
  2. F11
  3. F12
  4. Alt + F12

79. Which step is appropriate to view TDS Nature of Payment?

  1. Gateway of Tally? Display ? TDS Nature of Payment
  2. Gateway of Tally? Statutory Info.? TDS Nature of Payment
  3. Gateway of Tally? Display ? Statutory Info.? TDS Nature of Payment

80. Which group [Under] should be selected for TDS on Advertisement A/C?

  1. Indirect Expenses
  2. Duties & Taxes
  3. Indirect Incomes
  4. Sundry Creditors
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Tally ERP Question and Answer