Chapter 17 - Procedure For Assessment

Question 1

Section 139 (1)

Answer 1

Voluntary return of income.

Question 2

Section 139 (1C)

Answer 2

Central government can exempt any class of persons from filling return of income.

Question 3

Section 139 (3)

Answer 3

Provisions for filing a return of loss.

Question 4

Section 139 (4)

Answer 4

Provisions in respect of filing a belated return.

Question 5

Section 139 (4A) to (4C)

Answer 5

Provisions in respect of filing of return by a trust, political party and scientific research association.

Question 6

Section 10 (23EC)/10 (23ED)

Answer 6

Investor Protection Fund.

Question 7

Section 10 (23EE)

Answer 7

Core Settlement Guarantee Fund.

Question 8

Section 10 (29A)

Answer 8

Board or Authority.

Question 9

Section 139 (4D)

Answer 9

University, college or other institution.

Question 10

Section 139 (4E)/139 (4F)

Answer 10

Mandatory filing of return by Business Trust/Investment Fund.

Question 11

Section 139 (5)

Answer 11

Provisions related to filing of revised return.

Question 12

Section 139 (9)

Answer 12

Provisions in respect of a defective return.

Question 13

Section 139A

Answer 13

Permanent Account Number.

Question 14

Section 139AA

Answer 14

Quoting of AADHAAR number.

Question 15

Section 139B

Answer 15

Scheme for submission of returns through Tax Return Preparers.

Question 16

Section 139 C and 139 D

Answer 16

Scheme for e-filing of returns and submission of annexure less returns.

Question 17

Section 140

Answer 17

Return by whom to be verified.

Question 18

Section 90 and 91

Answer 18

Relief of tax or deduction claimed on account of tax paid in any country outside India.

Question 19

Section 90A

Answer 19

Relief of tax claimed on account of tax paid in a specified territory country outside India.

Question 20

Section 234F

Answer 20

Fee payable for default in furnishing of return.

Question 21

Section 234A

Answer 21

Interest payable for delay in furnishing of return.

Question 22

Section 234B

Answer 22

Interest payable for default or short payment of advance tax.

Question 23

Section 234C

Answer 23

Interest payable for deferment of advance tax.

Question 24

Section 140A

Answer 24

Self Assessment.

Question 25

Section 142

Answer 25

Enquiry before assessment.

Question 26

Section 142 (1)

Answer 26

Issuance of notice.

Question 27

Section 142(2)

Answer 27

Assessing Officer has power to make necessary enquiry for making assessment.

Question 28

Section 142(2A)

Answer 28

Special Audit

Question 29

Section 142A

Answer 29

Estimate by Valuation Officer in certain cases.

Question 30

Section 282A

Answer 30

Authentication of notice and other documents.

Question 31

Section 292BB

Answer 31

Notice to be deemed valid where the assessee has not raised any objection before completion of assessment or reassessment.