QP. Code: 13086 G Hous) {Total Marks : 100 NBs (2). Answer the questions as per instruction. (2) Figures to the right indicate full marks allottes. i |. Write Shor Answers (Not more than two sentences) = 20 + (a) What is "Appropriate State" underthe CST Act? {b) What ie"Minimum Alternate Tax” underthe Income Tax Act ? (c) What is"Permanent Account Numbed" under the Income Tax Ast ? (8) What is"Cost of improvement” under the Income Tax Act? (¢) What is*Pince of Business’ under the MVAT Act? (A) What isthe meaning of “Taxfves Goods" and "Taxalle Goods" under the MVAT Act? (2) Who is table to pay wealth tax apd at what rate? (hy) Whats "Collection of Taxat Source” under the Income Tax Act? (i) Whatis"Manufacture” under the MVAT Act? (i) Whats “Sex off of toss" under the Income Tax Act? Write short notes on (any four) = 20 (a) Clubbing oflncome. (b) Setoffunder the MVAT Act, (e} Depreciation. (@) Texlaveiceunderthe MVATAGL (e) Income from Other Sources (0) Dealerunderthe MVAT Act. 3. Answer with giving reasons (any/twa) n {e) (0) Me Thomas ower of Four Tricks whe are used for goods transport busines. ‘Mi: Thomas as not maintained books of accounts fbr hs business, Can he declare hi income under presumptive basis? if yea; what isthe amount of income to be (ix) Me Manohar hassold some old personal jewellery, Whether the profit on sele iL 3 7 ifyes, under which heas oF income? {) Sue whether the following persons are deolers under the MVAT Act - (i). Ronkan Railway Corporation selling scrap maceial. (Gi) Bank selling old computers. (iii) Mercantite agent selling goods belonging principal. ‘ [TURN OVER . | FN-Con. 7877-15. ts)QP. Code: 13086 Annwver the following, (6) Discuss the provisions telat ty Sompulation of income under the head ‘Capital Gains Explain various Asser, uestions elaborately (any four): 48 (0) Sundor the ate the provisions relaxing tore ‘Ste wheria sale or purcha Wealth Tax Act éistation under the MVAT Act is considered to be "Sale