Direct Tax

What do you know about SFT transaction? (26AS)
What is the limit for tax audit?
Difference between 194Q v 206 1H?
Difference between 115BAA and BAB?
Explain interest under 234C
Provisions of Sec 80M
Explain Vodafone case.
Logic behind grandfathering clause.
If you have LTCG, can you deduct it with amount invested in PPF u/s 80C?
Tell me about a particular concept or section of Income Tax which you appreciate.
Discuss about form 3CD?
Suppose we are getting 200% deduction under income tax on the purchase of machinery that is purchased by us for 100,000 rupees being useful life for 5 years. How will this affect the treatment of deferred tax assets and liability in year 1 to 5?
Discuss section 40A of income tax act?
Explain interest under 234B
Explain interest under 234A
What are most recent changes in assessment procedure
Interpretation of sec 234C
What all you know about Sec 43A & 43AA
Different b/w professional service and technical services
Questions on Set off and Carry Forward in which there is change in ownership
At what rate unexplained income (u/s 68 to 69D) taxed as per sec 115BBE.
Penalty for misreporting of Income?
For how many years’ unabsorbed depreciation and business losses be carried forward?
Explain Effective tax rate?
What is STT?
What is related party as per various laws? – Companies Act, Ind AS, GST, Income Tax
What is the information you required from clients to file Income Tax returns and Form 3CA and 3CB?
Why Equalization levy Introduced?
Any important recent judgements you’ve read about?
Recent Amendment in sec 147?
What do you know about Faceless assessment?
What are most recent changes in assessment procedure?
Advance tax provision?
Difference between DRP & CIT(A)?
What do you know about internal transfer pricing?
Why Equalization levy Introduced?
What is DTAA?
What is Advance Ruling?
Difference between POEM and PE. What are the types of PE?
Roll back provisions in case of merger and demerger?
Difference b/w primary and secondary adjustment?
What are the Methods for computing ALP along with examples?
Difference between Realized and Unrealized gains?
Differentiate between Tax planning & Tax evasion?
Explain the concept of Marginal Relief and how it is calculated. Is there a situation in which there is no marginal relief?
W.e.f from July 2021 Sec 194Q was introduced where buyer will have to deduct TDS on high value purchase from specific seller. Do you know why such amendment has been made? Discuss regarding the provisions of the section
Have you heard of TDS to be deducted Business or Profession on issuing any advantage/perquisite to individual? If yes then why such introduction is made. Discuss on the applicability