Paper: Agricultural Income Tax Act and Rules (Paper II)
Date of Examination 31-10-2019
Question1:-AIT Assessment file of a company assessed by the Inspecting Assistant Commissioner, Pala is transferred to AIT Office, Kanjirappally
under the administrative control of the same Inspg. Asst. Commissioner and both offices are within Kottayam district. Who is competant to transfer
the said file.
A:-Inspg. Asst. Commissioner, Pala
B:-Commissioner of taxes
C:-Deputy Commissioner, Kottayam
D:-Government of Kerala
Correct Answer:- Option-C
Question2:-Plot inspection report Book has to be prepaired with copies in
A:-Quatripicate
B:-Triplicate
C:-Duplicate
D:-Single
Correct Answer:- Option-A
Question3:-85% of the AIT due as per the return has to be paid before the end of February of the previous year in respect of the AIT assessee
belongs to
A:-tax permitted to pay under section 35
B:-tax permitted to pay under section 41
C:-tax permitted to pay under section 13
D:-all the above
Correct Answer:- Option-C
Question4:-A Charitable trust filed application in Form 11 to the empowered authority for registration. What is the document to be accompanied
invariably along with the application
A:-Purchase deed of the land
B:-Name of persons incorporated in the trust
C:-Land tax receipt
D:-Copy of the instrument creating the trust
Correct Answer:- Option-D
Question5:-A charitable trust declared income form the agriculture holdings Rs. one lakhs and produced audited accounts showing Rs. 50,000
expended towards charitable purpose. What is the income assessable to AIT
A:-Rs. one lakhs
B:-Rs. 50,000
C:-Rs. 25,000
D:-being a charitable trust, no tax liability
Correct Answer:- Option-C
Question6:-AIT assessment file assessed at the office of the Inspg. Asst. Commissioner, (Special), Ernakulam is transferred to the office of the
Inspg. Asst. Commissioner, Idukki, the authority empowered to issue order transfer of file
A:-Inspg. Asst. Commissioner (Special), Ernakulam
B:-Deputy Commissioner, Ernakulam
C:-Deputy Commissioner, Idukki
D:-Commissioner of Taxes
Correct Answer:- Option-D
Question7:-A domestic company filed return in form 2 for the assessment year 2014-15 on 20.12.2015. Which is the last date fixed to the
assessing authority to complete the assessment for the said year
A:-20.12.2016
B:-20.12.2017
C:-19.12.2017
D:-31.03.2020
Correct Answer:- Option-C
Question8:-A domestic company liable to file return in from 2 for the assessment year 2011-12 has not filed the same before the authority. What
the last date fixed to the assessing authority to complete the best judgement assessment for the said year, without the concurrance of the higher
authority
A:-before 31.03.2016
B:-before 31.03.2017
C:-before 31.03.2018
D:-before 31.03.2019
Correct Answer:- Option-C
Question9:-A mistake apparent on the face of records can be rectified
A:-within four years from the date of filing of return
B:-within four years from the date of order
C:-within four years from the end of the assessment year relates
D:-within four years from the date of payment of advance tax
Correct Answer:- Option-B
Question10:-A person failed to comply with the notice under section 41 of the AIT Act 1991 in which no taxable income involved. The maximum
penalty imposed is at Rs. ________
A:-Rs. 500
B:-Rs. 1,000
C:-Rs. 5,000
D:-Rs. 100
Correct Answer:- Option-D
Question11:-A person having landed property of 98 hectors cultivated with Clove during the assessment year 2011-12; opted for compounding of
agriculture income for that year. The compounding tax due for the year is
A:-Rs. 1,19,150
B:-Rs. 1, 37,200
C:-Rs. 1,11,200
D:-Rs. 1,26,150
Correct Answer:- Option-A
Question12:-A person newly purchased agricultural land of 15 hectors on 30,6.2012. What is the date prescribed to apply for Permanent account
Number
A:-within 15 days of purchase of land
B:-within 30 days from the date possession of land
C:-along with first return filed
D:-within three months from the date of purchase of land
Correct Answer:- Option-C
Question13:-A person purchased agricultural land of 18 Hectors vide registered deed dated 10.11.2012, cultivated with cardamom 'A' Zone. What
is the liability of agriculture income tax, if the assessee opted for compounding method of payment of AIT
A:-Rs. 21,750
B:-No liability of AIT
C:-Rs. 48,600
D:-None of the above
Correct Answer:- Option-B
Question14:-Agriculture income tax has been limited to companies registered under the companies Act 1956 with effect from ______
A:-1st April 2013
B:-1st April 2014
C:-1st April 2010
D:-1st April 2011
Correct Answer:- Option-A
Question15:-Agricultural income derived by cultivation of ______ will be included in the total agricultural income for the purpose of computation of
agricultural income tax.
A:-Cinnamon
B:-Ginger
C:-Turmeric
D:-Vanilla
Correct Answer:- Option-A
Question16:-Agricultural income tax computed by the assessing authority can be rounded to
A:-Nearest one rupees
B:-Nearest ten rupees
C:-Nearest five rupees
D:-rounding of tax cannot be permitted
Correct Answer:- Option-A
Question17:-A company was in arrears of tax Rs. 25,000 and interest due Rs. 5,000. The company effected part payment Rs. 6,000 and requested
to credit it to the Tax due for payment. What will be proportionate credit of tax effected by the assessing authority
A:-Rs. 6,000 credited towards tax
B:-Rs. 5,000 towards tax and Rs. 1,000 towards interest
C:-Rs. 5,000 towards interest and Rs. 1,000 towards tax
D:-Rs. 3,000 each towards tax and interest
Correct Answer:- Option-C
Question18:-AIT assessee having total agriculture income from arecnut Rs. 85,000 for the year 2017-18 and claimed replantation allowance Rs.
5,400 what is the admissibility of replantation allowance
A:-Rs. 5,400
B:-Rs. 5,000
C:-Rs. 2,125
D:-Rs. 1,275
Correct Answer:- Option-C
Question19:-Amount admissible as donation to a trust notified by the government in the gazettee from the agricultural income of the previous
year of a person is limited to
A:-1/6th of the total agricultural income or Rs. 20,000 whichever is less
B:-1/6th of the total agricultural income or Rs. 20,000 whichever is higher
C:-1/6th of the total agricultural income
D:-Rs. 20,000 only
Correct Answer:- Option-A
Question20:-An assessee is in arrears of AIT for the year 2006-07 Rs. 63,000 and penalty Rs. 30,000 and interest due as per rules from 1.7.2008;
filed application form reduction of arrears on 25.01.2018. What is the amount due for payment as on the date of application
A:-Tax and penalty alone
B:-Tax, penalty and 90% of interest
C:-Tax, penalty and 95% of interest
D:-Tax and 30% of the penalty
Correct Answer:- Option-D
Question21:-An AIT assessee cultivated namely Cardamom 'A' Zone in 5 hectors, Cardamom 'B' Zone in 10 hectors, vanilla in one hector and
ginger in 2 hectors for the year 2011-12 and opted for compounding menhod of payment of tax. Which crop can be availed highest rate of tax
A:-Cardamom A zone
B:-Cardamom B zone
C:-Ginger
D:-Vanilla
Correct Answer:- Option-A
Question22:-Any claim for relief from double taxation under section 15 of the AIT Act 1991 shall be made in form
A:-Form No. 35
B:-Form No. 34
C:-Form No. 39
D:-Form No. 40
Correct Answer:- Option-A
Question23:-Assessees holding permanent Account number under AIT and liable to file audited accounts has to file return on or before
A:-31st July of the assessment year
B:-30st October of the assessment year
C:-31st December of the assessment year
D:-28th February of the assessment year
Correct Answer:- Option-B
Question24:-Authority who issue a commission under clause(d) of sub-section (1) of section 27 shall direct the applicant to remit a specified sum
towards the expenses of the commission. What is the sum fixed to remit, without the permission of higher authority
A:-Not exceeding Rs. 300
B:-Not exceeding Rs. 1,000
C:-Not exceeding Rs. 500
D:-Actual expenses
Correct Answer:- Option-A
Question25:-Contravension of section 28 shall be punishable with _______
A:-penalty Rs. 2,000
B:-simple impresonment for 6 months or with a fine
C:-simple impresonment for 3 months or with a fine
D:-penalty Rs. 5,000
Correct Answer:- Option-B
Question26:-Electronic filing of return and payment of tax and other amount under the Kerala AIT Act 1991 has been introduced with effect from
A:-01.04.2012
B:-01.04.2014
C:-01.04.2011
D:-01.04.2010
Correct Answer:- Option-C
Question27:-Every person liable to pay agricultural income tax is bound to maintain books of accounts and other documents, but _______ are
excluded from it.
A:-Trusts
B:-Persons paying tax under section 13
C:-Domestic companies
D:-Multi-national companies
Correct Answer:- Option-B
Question28:-Fee for interlocutory application before the Appellated tribunal
A:-Rs. 150
B:-Rs. 250
C:-Rs. 200
D:-Rs. 500
Correct Answer:- Option-B
Question29:-Form prescribed to file return of agricultural income in respect of a company
A:-Form 1
B:-Form 2
C:-Form 3
D:-Form 4
Correct Answer:- Option-B
Question30:-If an application for settlement of case received to the Settlement Commission, report should be obtained form
A:-Assessing authority
B:-Commissioner of taxes
C:-Deputy Commissioner
D:-Inspecting Assistant Commissioner
Correct Answer:- Option-C
Question31:-If any assessee fails to pay the advance tax and tax due to be paid along with the return, has to be directed to pay penalty in addition
to the simple interest due. The rate of penalty is fixed as
A:-12% of the AIT due for payment per annum
B:-2% of the AIT due for payment for every month of default
C:-1% of the AIT due for payment for every month of default
D:-3% of the AIT due for payment for every month of default
Correct Answer:- Option-B
Question32:-If the application for settlement case has been allowed and the assessee has to pay additional amount, the payment should be
effected normally within a period of
A:-15 days
B:-45 days
C:-60 days
D:-35 days
Correct Answer:- Option-D
Question33:-Maximum penalty for willful contravention of any of the Act or rules on which the tax cannot be quantified is fixed at Rs.
A:-Rs. 4,000
B:-Rs. 10,000
C:-Rs. 5,000
D:-Rs. 1,000
Correct Answer:- Option-C
Question34:-Maximum period admissible to keep the seized records within the custody of the empowered authority with the permission of higher
authority, from the date of seizure
A:-180 days
B:-210 days
C:-240 days
D:-360 days
Correct Answer:- Option-B
Question35:-Maximum Replantation allowance admissible for coffee plantation is ______ of the total agricultural income.
A:-2.50%
B:-8.33%
C:-1.50%
D:-7.50%
Correct Answer:- Option-D
Question36:-Orders passed by the Deputy Commissioner under section 75 can be subject to revision by the Commissioner on application by the
assessee. The application for revision can be filed within a period _______ from the date of receipt of the Order of the Deputy Commissioner.
A:-60 days
B:-45 days
C:-30 days
D:-15 days
Correct Answer:- Option-C
Question37:-Period normally allowed to file memorandom of cross objections in appeal
A:-60 days from the date of intimation from the appellate tribunal
B:-30 days from the date of intimation from the appellate tribunal
C:-90 days from the date of intimation from the appellate tribunal
D:-10 days from the date of intimation from the appellate tribunal
Correct Answer:- Option-B
Question38:-Power of revision on suomoto by the deputy commissioner; against the orders passed by the assessing authority has to be done
A:-before the expairy of five years form the date of order
B:-before the expairy of six years form the date of order
C:-before the expairy of four years form the date of order
D:-before the expairy of four years form the last date of the assessment year
Correct Answer:- Option-C
Question39:-Refund of tax due to an assesse can be rounded to
A:-Nearest one rupees
B:-Nearest ten rupees
C:-Nearest five rupees
D:-rounding of refund cannot be permitted
Correct Answer:- Option-A
Question40:-Revision preferred to the high court under section 78 shall be heard a bench of not less than ______ judges.
A:-3 judges
B:-single judges
C:-2 judges
D:-three judges including chief justice
Correct Answer:- Option-C
Question41:-Which is the form prescribed for notice for plot Inspection
A:-Form No. 10
B:-Form No. 12
C:-Form No. 14
D:-Form No. 13
Correct Answer:- Option-D
Question42:-The aggregate of the agricultural income computed in accordance with the Kerala AIT Act 1991 means
A:-total agricultural income
B:-charge of agricultural income
C:-taxable agricultural income
D:-agricultural income tax
Correct Answer:- Option-A
Question43:-The Agricultural income tax due can be rounded to the nearest _______ Rupees or its multiples.
A:-Rs. 10
B:-Rs. 1.00
C:-Rs. 100
D:-No rounding permitted
Correct Answer:- Option-B
Question44:-The AIT Officer can extend the date of filing of return in From 2 by exercising the descreatory power only if the assessee
A:-paid interest due
B:-paid advance tax due in the prescribed time
C:-ready to pay the tax due along with the return
D:-paid penalty due
Correct Answer:- Option-B
Question45:-The assessment proceedings based on the escape of income has been stayed by the Honourable High Court of Kerala for two years, in
a case the assessment become barred by limitation on 31.03.2018. Whether the assessment in question can be completed subsequently and if so
specify the last date for the same
A:-The assessement cannot be finalised after 31.03.2018
B:-The assessement can be completed on or before 31.03.2020
C:-The assessement can be completed on or before 31.03.2021
D:-Limitation will not exist as the court once stayed the assessment
Correct Answer:- Option-B
Question46:-The empowered authorities under the Kerala AIT Act 1991 permitted to conduct survey
A:-Agricultural Income Tax Inspector
B:-Agricultural Income Tax Officer
C:-Inspecting Assistant Commissioner
D:-All the above
Correct Answer:- Option-D
Question47:-The fee fixed to file appeal before the appellate tribunal
A:-Rs. 750
B:-Rs. 700
C:-Rs. 500
D:-Rs. 1,000
Correct Answer:- Option-B
Question48:-The income derived from the cultivation of ______ cannot be considered as agricultural income.
A:-Turmeric
B:-Pepper
C:-Rubber
D:-Cardamom
Correct Answer:- Option-A
Question49:-The last date prescribed for production of accounts, in respect of AIT assessee who filed the return for the assessment year is
A:-within two years prior to the previous year
B:-within five years prior to the previous year
C:-within 10 years prior to the previous year
D:-within 6 years prior to the previous year
Correct Answer:- Option-B
Question50:-The maximum depreciation admissible to pumpsets and generators running on solar energy
A:-33.33%
B:-15%
C:-20%
D:-30%
Correct Answer:- Option-D
Question51:-The maximum depreciation admissible to smoke houses
A:-30%
B:-5%
C:-15%
D:-10%
Correct Answer:- Option-D
Question52:-The minimum qualification prescribed for appointment as chairman of the settlement commission
A:-Judicial Officer not below the rank of a Sub Judge
B:-Judicial Officer not below the rank of a District Judge
C:-Judicial Officer not below the rank of a High Court Judge
D:-Judicial Officer not below the rank of a 1st class magistrate
Correct Answer:- Option-B
Question53:-The period admissible to carry forward the loss of agricultural income not set off to subsequent years
A:-8 years
B:-less than 8 years
C:-cannot be permitted toset off to subsequent years
D:-none of the above
Correct Answer:- Option-A
Question54:-The requirement of electronic filing of returns, forms, etc and make payment of tax, fee etc has been incorporated in the Kerala AIT
Act 1991 vide section
A:-Section 35A
B:-Section 37A
C:-Section 37C
D:-Section 56A
Correct Answer:- Option-A
Question55:-The settlement commission can pass orders on the application received for settlement case, if the report from the empowerd
authroity is not received within a period of
A:-30 days
B:-40 days
C:-45 days
D:-60 days
Correct Answer:- Option-C
Question56:-Transfer of investment in the equity of a company engaged in the plantation business cannot be permitted before
A:-within 5 years of such investment
B:-within 4 years of such investment
C:-within 3 years of such investment
D:-within 2 years of such investment
Correct Answer:- Option-A
Question57:-Two or more persons owning or managing property jointly, having therein equal or unequal shares either by the same or different
titles or by intestate succession
A:-tenents-in common
B:-partnership
C:-domestic company
D:-legal representative
Correct Answer:- Option-A
Question58:-What is the date fixed to complete assessment under section 13 if the assessee filed return in Form 1 for the year in question
A:-within three month from the date of filing of return
B:-within six month from the date of filing of return
C:-within two month from the date of filing of return
D:-within one month from the date of filing of return
Correct Answer:- Option-D
Question59:-What is the date fixed to file return in the prescribed form in respect of a charitable trust along with audited income and expenditure,
and balance sheet
A:-July 31 of every year
B:-last day of February of every year
C:-31st October of every year
D:-31st December of every year
Correct Answer:- Option-C
Question60:-What is the form for authorisation for appearing before the authority by the representative of the assessee?
A:-Form No. 40
B:-Form No. 35
C:-Form No. 41
D:-Form No. 34
Correct Answer:- Option-C
Question61:-What is the form to be filed along with the payment of advance tax as per section 37 of the Act?
A:-Form No. 3
B:-Form No. 2
C:-Form No. 1
D:-Form No. 1A
Correct Answer:- Option-A
Question62:-What is the formality to be observed by an assessee, who files application for attested copy of the documents or books of accounts
seized?
A:-Produce sufficient copying sheets
B:-Remit the cost of expenditure to be incurred to the department including the cost of typing the copies
C:-Produce sufficient stamp paper worth Rs. 1
D:-Rs. 10 per document
Correct Answer:- Option-A
Question63:-What is the interest rate fixed to pay to the AIT assessee to whom the refund due is not paid within the time fixed for the same?
A:-12% per annum
B:-15% per annum
C:-8% per annum
D:-5% per annum
Correct Answer:- Option-B
Question64:-What is the last date fixed to file application for reduction of arrears under section 37C of the Kerala AIT Act 1991 by an assessee at
present?
A:-30.04.2018
B:-30.09.2018
C:-30.06.2018
D:-30.09.2017
Correct Answer:- Option-C
Question65:-What is the maximum compounding fee payable by an AIT assessee who committed offence eligible for compounding in which
evasion of tax is ascertainable?
A:-Rs. 50,000
B:-Rs. one lakh
C:-Rs. 5 lakhs
D:-Rs. 10,000
Correct Answer:- Option-B
Question66:-What is the maximum penalty for the default of payment of tax can be imposed by the assessing authority?
A:-no penalty can be imposed on default of payment of tax
B:-does not exceed the tax in arrears
C:-double the tax in arrears
D:-50% of the tax in arrears
Correct Answer:- Option-B
Question67:-What is the maximum period fixed to complete the assessment with the permission of the higher authorities, in the case of escape of
income has been identified subsequently?
A:-within 6 years from the end of the assessment year
B:-within 10 years from the end of the assessment year
C:-within 5 years from the end of the assessment year
D:-within 4 years from the end of the assessment year
Correct Answer:- Option-B
Question68:-What is the maximum period limited to the Agricultural Income Tax Officer to retain the books of accounts of an assessee under
Kerala AIT Act 1991 without the permission of the higher authority as per the vested powers in a court under the code of Civil Procedure 1908
when trying the suit?
A:-180 days
B:-210 days
C:-360 days
D:-365 days
Correct Answer:- Option-A
Question69:-What is the maximum period remain in force for an option filed for compounding method of payment of agricultural income tax, if not
revoked by any subsequent application or not cancelled by the assessing authority?
A:-3 years
B:-5 years
C:-6 years
D:-10 years
Correct Answer:- Option-A
Question70:-What is the minimum time require to be allowed for a proposal for best judgement assessment under section 39(4) to the assessee to
file objections?
A:-not less than 7 days
B:-not less than 15 days
C:-not less than 30 days
D:-not less than 10
Correct Answer:- Option-A
Question71:-What is the minimum time to specify in the notice in form no. 7 to file the return in form 2 in respect of an assessee intend to alienate
his rights, title and interest in the land in the state and he may leave the state during the financial year or shortly and he has no presnet intention
of returning?
A:-30 days
B:-4 days
C:-15 days
D:-10 days
Correct Answer:- Option-B
Question72:-What is the rate of tax due to a dometic company during the assessment year 2017-18, if having taxable agricultural income Rs.
53,000?
A:-40% of total agricultural income
B:-35% of total agricultural income
C:-30% of total agricultural income
D:-25% of total agricultural income
Correct Answer:- Option-C
Question73:-What is the time fixed to intimate the assessing authority about the transfer of title of the property owned by an assessee having
permanent account number?
A:-30 days
B:-15 days
C:-60 days
D:-before the last date of the financial year
Correct Answer:- Option-B
Question74:-What is the time fixed to issue refund of AIT due to an assessee, based on the final assessment orders?
A:-one month
B:-3 months
C:-6 months
D:-one year
Correct Answer:- Option-B
Question75:-What is the time fixed to pay tax based on the date of service of demand notice without as a defaulter?
A:-15 days
B:-30 days
C:-10 days
D:-20 days
Correct Answer:- Option-B
Question76:-What is the time fixed to the assessee engaged in the produce of manufactured tea to file (before the assessing authority of Kerala
AIT Act 1991) copy of the assessment order of the Central income tax authorities?
A:-within 90 days from the date of its receipt
B:-within 60 days from the date of its receipt
C:-within 30 days from the date of its receipt
D:-within 180 days from the date of its receipt
Correct Answer:- Option-C
Question77:-What is the time fixed under the Kerala AIT Act 1991 for filing application for new registration as charitable trust from the date of
creation of the trust?
A:-6 months
B:-3 months
C:-1 month
D:-one year
Correct Answer:- Option-A
Question78:-What is time limit fixed to an assessee to keep and maintain the books of accounts related to a particular assessment year?
A:-five years after the relevant assessment year
B:-five years after the relevant accounting year
C:-four years after the relevant financial year
D:-four years after the relevant accounting year
Correct Answer:- Option-A
Question79:-Which among the following entity as exempted form payment of plantation tax?
A:-Domestic company not opted for compounding
B:-Foreign company not opted for compounding
C:-Tenents-in common opted for compounding
D:-Individual not opted for compounding
Correct Answer:- Option-C
Question80:-Which is the form of return to be filed by a charitable trust who has not opted to pay tax under section 13?
A:-Form No. 1
B:-Form No. 1A
C:-Form No. 2
D:-Form No. 3
Correct Answer:- Option-D
Question81:-Who is the departmental authority to conduct enquiry based on the application for settlement cases?
A:-Assessing authority
B:-Commissioner of Taxes
C:-Inspecting Assistant Commissioner
D:-Deputy Commissioner
Correct Answer:- Option-D
Question82:-Who is the authorised authority as per the Act to reduce or waive the penalty and interest due?
A:-Agricultural Income Tax Officer
B:-Inspecting Assistant Commissioner
C:-Deputy Commissioner
D:-Commissioner
Correct Answer:- Option-D
Question83:-Which copy of the plot inspection report to be retained in the Plot inspection report book?
A:-Quatripicate
B:-Triplicate
C:-Duplicate
D:-Original
Correct Answer:- Option-A
Question84:-Which is the form of notice prescribed as per section 35(2) of the AIT Act 1991?
A:-Form 3
B:-Form 7
C:-Form 8
D:-Form 5
Correct Answer:- Option-B
Question85:-Which is the form of notice specified for proceeding action under section 14?
A:-Form No. 2
B:-Form No. 10
C:-Form No. 1
D:-Form No. 9
Correct Answer:- Option-D
Question86:-Which is the form of notice to be issued, if the assessee opted for compounding under section 13 filed incomplete return in Form 1?
A:-Form No. 7
B:-Form No. 1A
C:-Form No. 2
D:-Form No. 8
Correct Answer:- Option-D
Question87:-Which among the following includes in "plant"?
A:-Scientific apparatus
B:-Building
C:-Furniture
D:-Machinary
Correct Answer:- Option-A
Question88:-Which is the form prescribed for application for composition of agricultural income tax as per the Kerala AIT Act and Rules 1991?
A:-Form 1
B:-Form 3
C:-Form 2A
D:-Form 1A
Correct Answer:- Option-D
Question89:-Which is the form prescribed for applying Permanent Account No.?
A:-Form 6
B:-Form 1
C:-Form 4
D:-Form 5
Correct Answer:- Option-D
Question90:-Simple interest fixed for non-payment and belated payment of advance tax and tax assessed by the authority is
A:-10% per annum
B:-2% per annum
C:-12% per annum
D:-15% per annum
Correct Answer:- Option-C
Question91:-Which is the section permit an assessing authority to complete final assessment without haring the assessee, who has not opted to
pay tax on compounding method?
A:-39(4)
B:-39(2)
C:-39(3)
D:-39(1)
Correct Answer:- Option-D
Question92:-Which is the section permit the assessing authority to complete best judgement assessement as per the Kerala AIT Act 1991 who filed
defective return?
A:-39(1)
B:-39(3)
C:-41
D:-39(4)
Correct Answer:- Option-D
Question93:-Who among the following is eligible to get the travelling allowances and Bata for attending before the authority in response to a
summons issued?
A:-assessee
B:-agent
C:-person appeared for giving evidence before the authority not related to the assessee in any way
D:-representative
Correct Answer:- Option-C
Question94:-Who are liable to file audited accounts under the Kerala AIT Act 1991?
A:-Landed property more than 100 Acres
B:-Landed property more than 60 Acres
C:-Landed property more than 60 Hectres
D:-Landed property more than 50 Hectres
Correct Answer:- Option-C
Question95:-Who is the appointing authority of settlement Commission?
A:-Commissioner of Taxes
B:-High Court
C:-Deputy Commissioner
D:-Government
Correct Answer:- Option-D
Question96:-Which among the following agriculture produce need the assessment order of the Income tax authorities of Central Act 43 of 1961 for
fainalising the assessment under the Kerala AIT Act 1991?
A:-Cardamom
B:-Pepper
C:-Coffee
D:-Cashew
Correct Answer:- Option-C
Question97:-Which among the following is not an admissible deduction in computing agricultural income?
A:-tax paid on building materials purchased and used for repair work of the guest house situated within the agriculture land
B:-land tax paid on the agricultural land
C:-local rates and cess and municipal taxes paid in respect of the agricultural land
D:-any tax, cess or rate paid on the cultivation or sale of crop form which agricultural income is derived
Correct Answer:- Option-A
Question98:-Who is the first appellate authority as per the AIT Act 1991 as on 1.04.2018?
A:-Appellate Assistant Commissioner
B:-Deputy Commissioner (Appeals)
C:-High Court
D:-Appellate tribunal
Correct Answer:- Option-D
Question99:-Who is the lowest authority empowered to entry, inspection or search of agricultural holdings of a person for the purpose of
assessment under section 13 of the Act; with due authorisation of the higher authority?
A:-Agricultural Income Tax Officer
B:-Intelligence Officer
C:-Inspecting Assistant Commissioner
D:-Agricultural Income Tax Inspector
Correct Answer:- Option-D
Question100:-Who is the 'representative assessee' in respect of agricultural income of 'idiot'?
A:-administrator
B:-receiver
C:-agent
D:-guardian/manager
Correct Answer:- Option-D