Interest Payable by/to Assessee

R submitted his return of income for the assessment year 2011-12 on 15.12.2012. The
due date for filing the return of income in his case was 30.09.2011. R in this case shall
have to pay interest:
(A) 1.25 % per month or part of the month
(B) 1 % per month of part of the month
(C) 1.5 % per month or part of the month
(B)
In the above case R shall have to pay interest for:
(A) 3 months
(B) 2 months
(C) 5 months
(A)
‘R’ did not file his return of income for the AY 2011-12. The due date of filing the return
was 30.09.2011. His income was assessed under section 144 on 5.3.2013. R shall have to
pay interest for:
(A) 17 months
(B) 18 months
(C) 13 months
(B)
Interest shall be payable u/s 234B if the advance tax paid by the assesse during the FY is:
(A) less than the assessed tax
(B) less than 90 % of the assessed tax
(C) less than 90 % of tax payable on the returned income
(B)
Interest u/s 234B for default in payment of advance tax is payable:
(A) for the period starting from due date of return to the date of assessment
(B) for the period starting from 1st April of the relevant AY to the date of assessment
(C) for the period starting from 1st April of relevant AY to the date of submission of
return
(B)
Interest for default in payment of advance tax for AY 2012-13 shall be payable @:
(A) 1.25 % per month or part of the month
(B) 1 % per month or part of the month
(C) 1.5 % per month or part of the month
(D) 3 % per month or part of the month
(B)
Interest for deferment of advance tax as per section 234C for AY 2012-13 shall be payable
@:
(A) 1.5 % per month or part of the month
(B) 1.25 % per month or part of the month
(C) 1 % per month or part of the month
(C)
The first instalment of advance tax of Rs.15,000 was due 15.9.2011, the assessee
deposited the money on 16.9.2011. In this case interest will be payable @ 1 % per month
on Rs.15,000 for:
(A) 1 day
(B) 1 month
(C) 3 months
(C)
The first instalment of advance tax of Rs.15,000 was due on 15.9.2011. The assessee
deposited Rs.10,000 on 14.8.2011 and balance on 16.11.2011. In this case interest shall
be payable @ 1 % p.m. on:
(A) Rs.15,000 for 3 months
(B) Rs.5,000 for 3 months
(C) Rs.5,000 for 2 months
(B)
The last instalment of Rs.15,000 of advance tax due on 15.3.2012 is deposited by the
assessee on 25.3.2012. In this case the assessee shall have to pay interest @ 1 % per
month for:
(A) 3 months
(B) 1 month
(C) 10 days
(B)
The last instalment of Rs.1,15,000 of advance tax due on 15.3.2011 was deposited on
2.4.2011. In this case, the amount deposited:
(A) shall be treated as advance tax but the assessee shall have to pay interest @ 1 %
per month
(B) shall not be treated as advance tax and no interest shall be payable u/s 234C
(C) shall not be treated as advance tax and the interest will be payable u/s 234C @ 1
% for one month
(C)