Interview Questions.

Question 1. What Is Normal Minimum Distance Between Two Adjacent Toll Plazas?

Answer :

As in line with the fee rules 2008 the spacing between two adjacent toll plazas must be 60 km. The broad motives for setting up rate plaza within a distance of 60 kms are as under;

Availability of land
Availability of sufficient lengthy line of sight for acceleration and deceleration region.
Municipal restrict/Town vicinity limit from the rate plaza being mounted.
Location of bypass from the price plaza being established.
Location of essential diversions on the National Highway.
Question 2. What Can Be Done In Case Of Harassment/ Misconduct/ Discourteous/ Rude Behavior Of Toll Collection Staff?

Answer :

In case of harassment/ misconduct/ discourteous/ rude conduct of toll collection body of workers, a grievance is to be lodged with respective Project Directors.

Accounts Interview Questions
Question three. The Concessionaire Has Collected User Fee (toll Tax) More Than The Expenditure Incurred By Him. Why He Is Allowed To Continue With Toll Collection.?

Answer :

User rate is levied and amassed as in keeping with relevant price guidelines and provisions of the concession settlement. As according to rule, a concessionaire has right to accumulate consumer price till the of completion of concession period allowed under the settlement.

Question four. What Is A Toll Tax?

Answer :

Most roads are built with nearby, kingdom or countrywide government money raised from taxes. Toll tax is a tax that applies most effective to the customers of the highway. Toll roads allow new roads to be built and maintained without raising taxes on the majority.

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Question five. What Is The Procedure For Getting The Pass For Local Users?

Answer :

The Concessionaire shall formulate, submit and implement the best scheme and make such modifications to the scheme as may reasonably be recommended through the Authority or by using Local Users every now and then (Ref. Clause 27.Three of Concession Agreement).

Modern Banking Interview Questions
Question 6. What Is The Penalty For Overloaded Vehicles, In Case Of Toll Tax?

Answer :

The excess load is to be removed and a penalty same to ten times the applicable fee is to be paid. This is relevant to all projects/ all Concession Agreements.

Question 7. Who Collects The Toll Tax And Why?

Answer :

Toll tax is typically collected via non-public organizations to recover the investment positioned into building that unique road or bridge. This is known as BOT - Build Operate and transfer. The organisation that bags the challenge, builds it, operates it for a time frame(30 to 40 years), transfers it to the authorities.

Auditing Interview Questions
Question 8. Why Full User Fee (toll Tax) Is To Be Paid Although We Travel A Small Length On The Project Road?

Answer :

In India, the tolling is generally underneath the open machine, whereby price payable is a fixed quantity based totally on the period of stretch below one mission that's commonly 60 kilometers. If a stretch is of lesser length, user rate of real length most effective is gathered.

Question 9. Why The Formula And The Date Of Annual Revision Of User Fee Across The Toll Plazas Are Different? Why Rounding Of Fee In Some Toll Plazas Is Re.1/- And Rs.Five/- In Others?

Answer :

Annual revision is finished w.E.F. 1st April and charge is to be rounded off to the closest Rs 5 as according to the brand new person fee rules. However a few roads built earlier than 2008 are ruled by way of old guidelines, in which price is rounded off to Re 1 most effective.

Taxation Interview Questions
Question 10. Whether Ex-servicemen Are Exempted From Payment Of User Fee / Toll Tax?

Answer :

No, Ex-Servicemen aren't exempted from charge of person rate / Toll Tax.

Question eleven. Why The User Fee (toll Tax) Rate Is Different At 2 Toll Plazas?

Answer :

User fee on a selected charge plaza is based on stretch period below that plaza, systems (bridge, tunnel, skip) and width of the highways, relevant price policies and provisions of the concessions agreement.

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Question 12. Why The User Fee Collection Has Started Even Though The Project Is Not Completed?

Answer :

User fee is levied and gathered as in line with applicable fee guidelines and provisions of the concession agreement. In some instances, consumer rate series is allowed when venture is 75% entire. This helps humans to apply the finished a part of the street and visitor pays only for the 75% duration opened for traffic.

Accounts Interview Questions
Question thirteen. Who Are Exempted From Paying A Toll Tax?

Answer :

Defense personnel from all three offerings and bodily challenged folks need no longer pay toll tax on the highways.
The National Highways Authority of India has issued a direction throughout the usa exempting defence provider personnel and the bodily challenged with extra than 40 per cent handicap. Members of Territorial Army and NCC cadets traveling on duty too were exempted and the vehicle sporting them want no longer pay toll tax.
The vehicle sporting an in-carrier personnel.
Question 14. What Is A Toll Plaza?

Answer :

A toll plaza is a gated place where you need to slow down or forestall to pay a toll to continue journeying on the street.

There are generally many available lanes with toll cubicles to keep visitors shifting as speedy as feasible. Some lanes may additionally have humans operating the toll cubicles, so you can pay with change or cash.

Question 15. Why The Categories Of Vehicles And Their Rates Are Different?

Answer :

Vehicles are categorised for the welfare of street users. This categorization is primarily based on the dimensions and cargo they carry and harm executed to the street and form of use (commercial/employees) of a vehicle.

US Taxation Interview Questions
Question sixteen. Why Concessions To Local/ Frequent Users Are Different?

Answer :

Concession to local/frequent customers are prolonged as welfare measures. There may be variant in the concessions to be had as those had been supplied at distinctive instances below specific fee guidelines and provisions of concession settlement.

Question 17. What Is The Rate At Which Toll Tax Is Collected?

Answer :

Once a toll road is built, Fee is to be accrued to get better the value. Once price is recovered the rate is amassed at reduced rate of 40% as the street is to be maintained in suitable condition for the vacationers.

Internal Audit Interview Questions