/6

Section Match

Know Your Law

1 / 6

Situation 1 of 6 — which provision governs?
A businessman accepts a cash loan of ₹80,000 from a friend.

2 / 6

Situation 2 of 6 — which provision governs?
A buyer must deduct 1% tax while purchasing a flat for ₹75 lakh.

3 / 6

Situation 3 of 6 — which provision governs?
A caterer receives ₹2,40,000 in cash for a single wedding event.

4 / 6

Situation 4 of 6 — which provision governs?
A company pays ₹5 lakh in fees to a consulting engineer.

5 / 6

Situation 5 of 6 — which provision governs?
A small trader with ₹1.2 crore turnover wants to declare income at a presumptive rate without books.

6 / 6

Situation 6 of 6 — which provision governs?
The Assessing Officer questions a large credit in the books that the taxpayer cannot satisfactorily explain.

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