A6 12 D E E5 C9 9E 4F B6 D

4 B 2 C F B F 2
61 124D DBE E2E E5C 9F 9E4 4FB 6F D2D D0E
9 D
12 24D BE 2E5 5C9 9F9 E4F FB6 6FD 2D 0E D88
4 B 2 F E F 2 D
24 DB E2 E5C C9F 9E 4FB B6F D2 D0 0ED 88C CC1
DB E2 E5 9 9E 4F 6 D D0 ED 88 C A
DB E2 E5 C9 F9E 4F B6 FD 2D0 ED 88 CC 1A 612
C F B F 2 C 1 6
BE E2E E5C 9F9 9E4 4FB 6FD D2D D0E ED8 88C C1 A61 124 4DB
2 5 9F E F 6 F 2 0 D 8 C A D E
E2 E5 C9F 9E 4F B6F D2 D0 ED 88 CC 1A 612 24D BE 2E
C B
E5 9 9E 4F 6 D D ED 88 CC 1A 1 4D BE 2E 5C 6
E5 C9 F9E 4F B6 FD 2D 0ED 88 CC 1A 61 24D BE 2E 5C 9F9
F F 2 0 2 5 9

Note:
5C C9F 9E4 4FB B6F D2 D0E ED 88C CC1 1A6 6124 4DB BE2 2E5 C9F F9E E4F
9 9 6 D D 8 C A 1 E C B

58534
C9 F9 E4F FB6 FD 2D 0E D8 8CC 1A 61 24D DBE E2E 5C 9F 9E4 4FB 6F
F9 E4 B6 FD 2D 0E D8 8C 1A 61 24 B 2E 5C 9F 9E4 FB 6F D2

extent of
F9 E4 FB6 FD 2D 0E D8 8C C1A 61 24 DB E2E 5C 9F 9E4 FB 6F D2 D0
E4 FB FD 2D 0E D8 8C C1 6 24 DB E2 5C 9F 9E FB 6F D2 D0 ED
FB 6F 2 0 D 8C C1 A6 124 DB E2 E5 9 9E 4F 6 D D0 ED 88
6F D2 D0 ED 88C C1 A6 12 DB E2 E5 C9 F9E 4F B6 FD 2D ED 88 CC
D2 D0 ED 88 C A 12 4D E E5 C9 F9 4F B6 FD 2D 0E 8 CC 1A

(Attempt any 8 /10)

D0 ED 88 CC 1A 612 4D BE 2E C9 F9 E4 B6 FD 2D 0E D8 8CC 1A 61
ED 88 CC 1A 612 4D BE 2E 5C9 F9 E4 FB FD 2D 0E D8 8C 1A 61 24
88 CC 1A 612 4D BE 2E 5C9 F9 E4 FB6 6FD 2D 0E D8 8CC C1A 61 24 DB

c) Rs. 5,00,000
b) Rs. 3,00,000
a) Rs. 2,40,000

c) Rs. 240 p.m.

b) Rs. 160 p.m.
a) Rs. 200 p.m.
d) Non-resident
b) Non-resident
CC 1A 61 4D BE 2E 5C F E4 FB F 2D 0E D8 8C 1 6 24 DB E2

d) None of these
d) None of these
c) None of these
1A 61 24D BE 2E 5C 9F9 9E4 FB 6FD D2D 0E D8 8C C1 A6 124 DB E2 E5C

d) (a) and (b) both

a) Resident in India
a) Resident in India
61 24D BE 2E 5C 9F E4 FB 6F 2D 0E D8 8C C1 A6 124 DB E2 E5 9F

d) None of the above

24 B 2 5C 9F 9E FB 6F D2 0 D 8C C1 A6 12 D E E5 C9 9E
1. All questions are compulsory

b) Citizenship in India
DB E2 E5 9 9E 4F 6 D D0 ED 88 C A 12 4D BE 2E C F9 4 Q.1. Multiple choice Questions:
E2 E5 C9F F9E 4F B6F FD2 2D0 ED 88 CC 1A 612 4D BE 2E 5C9 9F9 E4 FB6
Time: 2:30 Hours

E5 C9 9E 4F B6 D D ED 88 CC 1A 61 4D BE 2E 5C F9 E4 FB FD
C9 F9 4F B6 FD 2D 0E 8 CC 1A 61 24D BE 2E 5C 9F E4 FB 6F 2D
F9 E4 B6 FD 2D 0E D8 8C 1A 61 24 B 2E 5C 9F 9E4 FB 6F D2 0

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2. Use of Simple Calculators is allowed

QP
E4 FB FD 2D 0E D8 8C C1 6 24 DB E2 5C 9F 9E FB 6F D2 D0 ED
FB 6F 2 0 D 8C C1 A6 124 DB E2 E5 9 9E 4F 6 D D0 ED 88

c) Both resident and non-resident

c) Not Ordinary Resident in India
6F D2 D0 ED 88C C1 A6 12 DB E2 E5 C9 F9E 4F B6 FD 2D ED 88 CC
D2 D0 ED 88 C A 12 4D E E5 C9 F9 4F B6 FD 2D 0E 8 CC 1A
D0 ED 88 CC 1A 612 4D BE 2E C9 F9 E4 B6 FD 2D 0E D8 8CC 1A 61

a) Resident and ordinary resident only

ED 88 CC 1A 612 4D BE 2E 5C9 F9 E4 FB FD 2D 0E D8 8C 1A 61 24
88 CC 1A 612 4D BE 2E 5C9 F9 E4 FB6 6FD 2D 0E D8 8CC C1A 61 24 DB
ke
CC 1A 61 4D BE 2E 5C F E4 FB F 2D 0E D8 8C 1 6 24 DB E2
1A 61 24D BE 2E 5C 9F9 9E4 FB 6FD D2D 0E D8 8C C1 A6 124 DB E2 E5C
61 24D BE 2E 5C 9F E4 FB 6F 2D 0E D8 8C C1 A6 124 DB E2 E5 9F
24 B 2 5C 9F 9E FB 6F D2 0 D 8C C1 A6 12 D E E5 C9 9E

never visited in India. Mr. A in this case shall be:

DB E2 E5 9 9E 4F 6 D D0 ED 88 C A 12 4D BE 2E C F9 4
nd

Page 1 of 5
E2 E5 C9F F9E 4F B6F FD2 2D0 ED 88 CC 1A 612 4D BE 2E 5C9 9F9 E4 FB6
E5 C9 9E 4F B6 D D ED 88 CC 1A 61 4D BE 2E 5C F9 E4 FB FD
C9 F9 4F B6 FD 2D 0E 8 CC 1A 61 24D BE 2E 5C 9F E4 FB 6F 2D
F9 E4 B6 FD 2D 0E D8 8C 1A 61 24 B 2E 5C 9F 9E4 FB 6F D2 0
ra
1. Total Income of a person is determined on the basis of his

E4 FB FD 2D 0E D8 8C C1 6 24 DB E2 5C 9F 9E FB 6F D2 D0 ED

amounting to Rs. 240 p.m. it will be exempted to the extent of:

FB 6F 2 0 D 8C C1 A6 124 DB E2 E5 9 9E 4F 6 D D0 ED 88
6F D2 D0 ED 88C C1 A6 12 DB E2 E5 C9 F9E 4F B6 FD 2D ED 88 CC
D2 D0 ED 88 C A 12 4D E E5 C9 F9 4F B6 FD 2D 0E 8 CC 1A
D0 ED 88 CC 1A 612 4D BE 2E C9 F9 E4 B6 FD 2D 0E D8 8CC 1A 61

2D0ED88CC1A6124DBE2E5C9F9E4FB6FD
ED 88 CC 1A 612 4D BE 2E 5C9 F9 E4 FB FD 2D 0E D8 8C 1A 61 24
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88 CC 1A 612 4D BE 2E 5C9 F9 E4 FB6 6FD 2D 0E D8 8CC C1A 61 24 DB
Marks:75

CC 1A 61 4D BE 2E 5C F E4 FB F 2D 0E D8 8C 1 6 24 DB E2 m
1A 61 24D BE 2E 5C 9F9 9E4 FB 6FD D2D 0E D8 8C C1 A6 124 DB E2 E5C
61 24D BE 2E 5C 9F E4 FB 6F 2D 0E D8 8C C1 A6 124 DB E2 E5 9F
24 B 2 5C 9F 9E FB 6F D2 0 D 8C C1 A6 12 D E E5 C9 9E
DB E2 E5 9 9E 4F 6 D D0 ED 88 C A 12 4D BE 2E C F9 4
Paper / Subject Code: 43817 / Direct Tax- Income Tax

E2 E5 C9F F9E 4F B6F FD2 2D0 ED 88 CC 1A 612 4D BE 2E 5C9 9F9 E4 FB6

3. Income accruing in Japan and received there is taxable in India in the case of-

E5 C9 9E 4F B6 D D ED 88 CC 1A 61 4D BE 2E 5C F9 E4 FB FD
C9 F9 4F B6 FD 2D 0E 8 CC 1A 61 24D BE 2E 5C 9F E4 FB 6F 2D b) Both resident and ordinary resident and Resident but Not Ordinary Resident
F9 E4 B6 FD 2D 0E D8 8C 1A 61 24 B 2E 5C 9F 9E4 FB 6F D2 0
E4 FB FD 2D 0E D8 8C C1 6 24 DB E2 5C 9F 9E FB 6F D2 D0 ED
FB 6F 2 0 D 8C C1 A6 124 DB E2 E5 9 9E 4F 6 D D0 ED 88
6F D2 D0 ED 88C C1 A6 12 DB E2 E5 C9 F9E 4F B6 FD 2D ED 88 CC
D2 D0 ED 88 C A 12 4D E E5 C9 F9 4F B6 FD 2D 0E 8 CC
D0 ED 88 CC 1A 612 4D BE 2E C9 F9 E4 B6 FD 2D 0E D8 8CC 1
ED 88 CC 1A 612 4D BE 2E 5C9 F9 E4 FB FD 2D 0E D8 8C 1A
88 CC 1A 612 4D BE 2E 5C9 F9 E4 FB6 6FD 2D 0E D8 8CC C1A 6 4. Compensation received on voluntary retirement is exempt under sec. 10(10C) to the maximum
(8m)

CC 1A 61 4D BE 2E 5C F E4 FB F 2D 0E D8 8C 1 6
1A 61 24D BE 2E 5C 9F9 9E4 FB 6FD D2D 0E D8 8C C1 A6 1

5. Mr. Manthan is entitled to children education allowance @ Rs. 80 p.m. per child for three children
2. Mr. A Foreign national visited India during previous year 2017-18 for 180 days. Earlier to this he

61 24D BE 2E 5C 9F E4 FB 6F 2D 0E D8 8C C1 A6 124
24 B 2 5C 9F 9E FB 6F D2 0 D 8C C1 A6 12
DB E2 E5 9 9E 4F 6 D D0 ED 88 C A 12 4D
E2 E5 C9F F9E 4F B6F FD2 2D0 ED 88 CC 1A 612 4D
E5 C9 9E 4F B6 D D ED 88 CC 1A 61 4D B
C9 F9 4F B6 FD 2D 0E 8 CC 1A 61 24D BE
F9 E4 B6 FD 2D 0E D8 8C 1A 61 24 B
E4 FB FD 2D 0E D8 8C C1 6 24 DB E2
FB 6F 2 0 D 8C C1 A6 124 DB E2 E
6F D2 D0 ED 88C C1 A6 12 DB E2 E5
D2 D0 ED 88 C A 12 4D E E5
D E 8 C 1 6 4 B 2 C
 A6 12 D E E5 C9 9E 4F B6 D
4 B 2 C F B F 2
61 124D DBE E2E E5C 9F 9E4 4FB 6F D2D D0E
9 D
12 24D BE 2E5 5C9 9F9 E4F FB6 6FD 2D 0E D88
4 B 2 F E F 2 D
24 DB E2 E5C C9F 9E 4FB B6F D2 D0 0ED 88C CC1
DB E2 E5 9 9E 4F 6 D D0 ED 88 C A
DB E2 E5 C9 F9E 4F B6 FD 2D0 ED 88 CC 1A 612
C F B F 2 C 1 6
BE E2E E5C 9F9 9E4 4FB 6FD D2D D0E ED8 88C C1 A61 124 4DB
2 5 9F E F 6 F 2 0 D 8 C A D E
E2 E5 C9F 9E 4F B6F D2 D0 ED 88 CC 1A 612 24D BE 2E
C B
E5 9 9E 4F 6 D D ED 88 CC 1A 1 4D BE 2E 5C 6
E5 C9 F9E 4F B6 FD 2D 0ED 88 CC 1A 61 24D BE 2E 5C 9F9
F F 2 0 2 5 9
5C C9F 9E4 4FB B6F D2 D0E ED 88C CC1 1A6 6124 4DB BE2 2E5 C9F F9E E4F
9 9 6 D D 8 C A 1 E C B

58534
C9 F9 E4F FB6 FD 2D 0E D8 8CC 1A 61 24D DBE E2E 5C 9F 9E4 4FB 6F
F9 E4 B6 FD 2D 0E D8 8C 1A 61 24 B 2E 5C 9F 9E4 FB 6F D2
F9 E4 FB6 FD 2D 0E D8 8C C1A 61 24 DB E2E 5C 9F 9E4 FB 6F D2 D0
E4 FB FD 2D 0E D8 8C C1 6 24 DB E2 5C 9F 9E FB 6F D2 D0 ED

assesse.
FB 6F 2 0 D 8C C1 A6 124 DB E2 E5 9 9E 4F 6 D D0 ED 88
6F D2 D0 ED 88C C1 A6 12 DB E2 E5 C9 F9E 4F B6 FD 2D ED 88 CC
D2 D0 ED 88 C A 12 4D E E5 C9 F9 4F B6 FD 2D 0E 8 CC 1A

(Attempt any 7 / 10)

D0 ED 88 CC 1A 612 4D BE 2E C9 F9 E4 B6 FD 2D 0E D8 8CC 1A 61

a) Any asset
ED 88 CC 1A 612 4D BE 2E 5C9 F9 E4 FB FD 2D 0E D8 8C 1A 61 24

than 12 months.
88 CC 1A 612 4D BE 2E 5C9 F9 E4 FB6 6FD 2D 0E D8 8CC C1A 61 24 DB
c) Rs. 1,40,000
b) Rs. 1,20,000
a) Rs. 1,10,000

CC 1A 61 4D BE 2E 5C F E4 FB F 2D 0E D8 8C 1 6 24 DB E2
1A 61 24D BE 2E 5C 9F9 9E4 FB 6FD D2D 0E D8 8C C1 A6 124 DB E2 E5C

b) Any fixed asset

c) Any capital asset
61 24D BE 2E 5C 9F E4 FB 6F 2D 0E D8 8C C1 A6 124 DB E2 E5 9F

d) None of the above

d) None of the above
d) None of the above

24 B 2 5C 9F 9E FB 6F D2 0 D 8C C1 A6 12 D E E5 C9 9E
DB E2 E5 9 9E 4F 6 D D0 ED 88 C A 12 4D BE 2E C F9 4
E2 E5 C9F F9E 4F B6F FD2 2D0 ED 88 CC 1A 612 4D BE 2E 5C9 9F9 E4 FB6
b) One house shall be nil
a) Both house shall be nil

E5 C9 9E 4F B6 D D ED 88 CC 1A 61 4D BE 2E 5C F9 E4 FB FD

d) Land and buildings only

a) Wholly exempt from tax
C9 F9 4F B6 FD 2D 0E 8 CC 1A 61 24D BE 2E 5C 9F E4 FB 6F 2D
F9 E4 B6 FD 2D 0E D8 8C 1A 61 24 B 2E 5C 9F 9E4 FB 6F D2 0
c) No house value shall be nil

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QP
E4 FB FD 2D 0E D8 8C C1 6 24 DB E2 5C 9F 9E FB 6F D2 D0 ED

9. Capital gain arises from the transfer of

FB 6F 2 0 D 8C C1 A6 124 DB E2 E5 9 9E 4F 6 D D0 ED 88
6F D2 D0 ED 88C C1 A6 12 DB E2 E5 C9 F9E 4F B6 FD 2D ED 88 CC
D2 D0 ED 88 C A 12 4D E E5 C9 F9 4F B6 FD 2D 0E 8 CC 1A
D0 ED 88 CC 1A 612 4D BE 2E C9 F9 E4 B6 FD 2D 0E D8 8CC 1A 61
ED 88 CC 1A 612 4D BE 2E 5C9 F9 E4 FB FD 2D 0E D8 8C 1A 61 24
b) Taxed as income from other sources
8. Income from illegal business e.g. smuggling is
ke
d) Taxable only in case of non-residents
c) Taxed as profits and gains of business
88 CC 1A 612 4D BE 2E 5C9 F9 E4 FB6 6FD 2D 0E D8 8CC C1A 61 24 DB

10. For computing lottery income, the assesse shall

CC 1A 61 4D BE 2E 5C F E4 FB F 2D 0E D8 8C 1 6 24 DB E2
1A 61 24D BE 2E 5C 9F9 9E4 FB 6FD D2D 0E D8 8C C1 A6 124 DB E2 E5C
61 24D BE 2E 5C 9F E4 FB 6F 2D 0E D8 8C C1 A6 124 DB E2 E5 9F

individual in the P.P.F. account of himself only.

24 B 2 5C 9F 9E FB 6F D2 0 D 8C C1 A6 12 D E E5 C9 9E

1) An Indian citizen may be a non-resident in India.

DB E2 E5 9 9E 4F 6 D D0 ED 88 C A 12 4D BE 2E C F9 4
nd

Page 2 of 5
10) Municipal tax is deducted from Net Annual Value.
E2 E5 C9F F9E 4F B6F FD2 2D0 ED 88 CC 1A 612 4D BE 2E 5C9 9F9 E4 FB6
E5 C9 9E 4F B6 D D ED 88 CC 1A 61 4D BE 2E 5C F9 E4 FB FD

Q.1. b. State whether the following statement is True or False:

C9 F9 4F B6 FD 2D 0E 8 CC 1A 61 24D BE 2E 5C 9F E4 FB 6F 2D
F9 E4 B6 FD 2D 0E D8 8C 1A 61 24 B 2E 5C 9F 9E4 FB 6F D2 0
ra

3) Foreign income of an ordinary resident in wholly taxable.

E4 FB FD 2D 0E D8 8C C1 6 24 DB E2 5C 9F 9E FB 6F D2 D0 ED

5) The deduction u/s 80 C is allowed from gross total income.

FB 6F 2 0 D 8C C1 A6 124 DB E2 E5 9 9E 4F 6 D D0 ED 88
6F D2 D0 ED 88C C1 A6 12 DB E2 E5 C9 F9E 4F B6 FD 2D ED 88 CC

a) Be entitled to any deduction for purchase of lottery tickets

D2 D0 ED 88 C A 12 4D E E5 C9 F9 4F B6 FD 2D 0E 8 CC 1A
D0 ED 88 CC 1A 612 4D BE 2E C9 F9 E4 B6 FD 2D 0E D8 8CC 1A 61

2D0ED88CC1A6124DBE2E5C9F9E4FB6FD
ED 88 CC 1A 612 4D BE 2E 5C9 F9 E4 FB FD 2D 0E D8 8C 1A 61 24
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c) Be entitled to deduction up to 10% of total purchase of tickets
b) Not be entitled to any deduction for purchase of lottery tickets
88 CC 1A 612 4D BE 2E 5C9 F9 E4 FB6 6FD 2D 0E D8 8CC C1A 61 24 DB
CC 1A 61 4D BE 2E 5C F E4 FB F 2D 0E D8 8C 1 6 24 DB E2 m
1A 61 24D BE 2E 5C 9F9 9E4 FB 6FD D2D 0E D8 8C C1 A6 124 DB E2 E5C
61 24D BE 2E 5C 9F E4 FB 6F 2D 0E D8 8C C1 A6 124 DB E2 E5 9F
24 B 2 5C 9F 9E FB 6F D2 0 D 8C C1 A6 12 D E E5 C9 9E
7. Mr. Akash has two house properties, both are self-occupied. The actual value of

DB E2 E5 9 9E 4F 6 D D0 ED 88 C A 12 4D BE 2E C F9 4
Paper / Subject Code: 43817 / Direct Tax- Income Tax

2) A person is deemed to be of ‘Indian origin’, if his mother was born in Nepal.

E2 E5 C9F F9E 4F B6F FD2 2D0 ED 88 CC 1A 612 4D BE 2E 5C9 9F9 E4 FB6

9) Interest on Capital received by a partner from firm shall be exempt u/s 10(2A).
E5 C9 9E 4F B6 D D ED 88 CC 1A 61 4D BE 2E 5C F9 E4 FB FD
C9 F9 4F B6 FD 2D 0E 8 CC 1A 61 24D BE 2E 5C 9F E4 FB 6F 2D
F9 E4 B6 FD 2D 0E D8 8C 1A 61 24 B 2E 5C 9F 9E4 FB 6F D2 0
E4 FB FD 2D 0E D8 8C C1 6 24 DB E2 5C 9F 9E FB 6F D2 D0 ED
FB 6F 2 0 D 8C C1 A6 124 DB E2 E5 9 9E 4F 6 D D0 ED 88
actual rent received or receivable is Rs. 1,40,000 the Gross Annual Value in this case shall be

7) Dividend declared by Unit Trust of India is fully exempt in the hands of shareholders.
6F D2 D0 ED 88C C1 A6 12 DB E2 E5 C9 F9E 4F B6 FD 2D ED 88 CC
D2 D0 ED 88 C A 12 4D E E5 C9 F9 4F B6 FD 2D 0E 8 CC

6) For claiming deduction u/s 80 C in respect of P.P.F. the contribution must be paid by the
4) Deduction u/s 80 C in respect of LIP, contribution to provident fund etc. is allowed to any
D0 ED 88 CC 1A 612 4D BE 2E C9 F9 E4 B6 FD 2D 0E D8 8CC 1
ED 88 CC 1A 612 4D BE 2E 5C9 F9 E4 FB FD 2D 0E D8 8C 1A
88 CC 1A 612 4D BE 2E 5C9 F9 E4 FB6 6FD 2D 0E D8 8CC C1A 6
CC 1A 61 4D BE 2E 5C F E4 FB F 2D 0E D8 8C 1 6 (7m)
6. Municipal valuation of the house is Rs. 1,00,000 fair rent Rs. 1,20,000, standard rent Rs. 1,10,000 and

1A 61 24D BE 2E 5C 9F9 9E4 FB 6FD D2D 0E D8 8C C1 A6 1

8) There will be long term capital gain. If Plant and Machinery is transferred after it is held for more
61 24D BE 2E 5C 9F E4 FB 6F 2D 0E D8 8C C1 A6 124
24 B 2 5C 9F 9E FB 6F D2 0 D 8C C1 A6 12
DB E2 E5 9 9E 4F 6 D D0 ED 88 C A 12 4D
E2 E5 C9F F9E 4F B6F FD2 2D0 ED 88 CC 1A 612 4D
E5 C9 9E 4F B6 D D ED 88 CC 1A 61 4D B
C9 F9 4F B6 FD 2D 0E 8 CC 1A 61 24D BE
F9 E4 B6 FD 2D 0E D8 8C 1A 61 24 B
E4 FB FD 2D 0E D8 8C C1 6 24 DB E2
FB 6F 2 0 D 8C C1 A6 124 DB E2 E
6F D2 D0 ED 88C C1 A6 12 DB E2 E5
D2 D0 ED 88 C A 12 4D E E5
D E 8 C 1 6 4 B 2 C
 A6 12 D E E5 C9 9E 4F B6 D
4 B 2 C F B F 2
61 124D DBE E2E E5C 9F 9E4 4FB 6F D2D D0E
9 D
12 24D BE 2E5 5C9 9F9 E4F FB6 6FD 2D 0E D88
4 B 2 F E F 2 D
24 DB E2 E5C C9F 9E 4FB B6F D2 D0 0ED 88C CC1
DB E2 E5 9 9E 4F 6 D D0 ED 88 C A
DB E2 E5 C9 F9E 4F B6 FD 2D0 ED 88 CC 1A 612
C F B F 2 C 1 6
BE E2E E5C 9F9 9E4 4FB 6FD D2D D0E ED8 88C C1 A61 124 4DB
2 5 9F E F 6 F 2 0 D 8 C A D E
E2 E5 C9F 9E 4F B6F D2 D0 ED 88 CC 1A 612 24D BE 2E
C B
E5 9 9E 4F 6 D D ED 88 CC 1A 1 4D BE 2E 5C 6
E5 C9 F9E 4F B6 FD 2D 0ED 88 CC 1A 61 24D BE 2E 5C 9F9
F F 2 0 2 5 9
5C C9F 9E4 4FB B6F D2 D0E ED 88C CC1 1A6 6124 4DB BE2 2E5 C9F F9E E4F
9 9 6 D D 8 C A 1 E C B

58534
C9 F9 E4F FB6 FD 2D 0E D8 8CC 1A 61 24D DBE E2E 5C 9F 9E4 4FB 6F
F9 E4 B6 FD 2D 0E D8 8C 1A 61 24 B 2E 5C 9F 9E4 FB 6F D2
F9 E4 FB6 FD 2D 0E D8 8C C1A 61 24 DB E2E 5C 9F 9E4 FB 6F D2 D0
E4 FB FD 2D 0E D8 8C C1 6 24 DB E2 5C 9F 9E FB 6F D2 D0 ED

70,000.
FB 6F 2 0 D 8C C1 A6 124 DB E2 E5 9 9E 4F 6 D D0 ED 88
6F D2 D0 ED 88C C1 A6 12 DB E2 E5 C9 F9E 4F B6 FD 2D ED 88 CC
D2 D0 ED 88 C A 12 4D E E5 C9 F9 4F B6 FD 2D 0E 8 CC 1A
D0 ED 88 CC 1A 612 4D BE 2E C9 F9 E4 B6 FD 2D 0E D8 8CC 1A 61
ED 88 CC 1A 612 4D BE 2E 5C9 F9 E4 FB FD 2D 0E D8 8C 1A 61 24
88 CC 1A 612 4D BE 2E 5C9 F9 E4 FB6 6FD 2D 0E D8 8CC C1A 61 24 DB
CC 1A 61 4D BE 2E 5C F E4 FB F 2D 0E D8 8C 1 6 24 DB E2
1A 61 24D BE 2E 5C 9F9 9E4 FB 6FD D2D 0E D8 8C C1 A6 124 DB E2 E5C

c) Other Information:
61 24D BE 2E 5C 9F E4 FB 6F 2D 0E D8 8C C1 A6 124 DB E2 E5 9F
24 B 2 5C 9F 9E FB 6F D2 0 D 8C C1 A6 12 D E E5 C9 9E

Salary Rs. 50,000 p.m.

DB E2 E5 9 9E 4F 6 D D0 ED 88 C A 12 4D BE 2E C F9 4

He also received the following:

E2 E5 C9F F9E 4F B6F FD2 2D0 ED 88 CC 1A 612 4D BE 2E 5C9 9F9 E4 FB6 7. Profession Tax Rs. 2,500.

b) From Private Company:

E5 C9 9E 4F B6 D D ED 88 CC 1A 61 4D BE 2E 5C F9 E4 FB FD
1. Basic salary Rs. 80,000 p.m.

Basic Salary Rs. 60,000 p.m.

C9 F9 4F B6 FD 2D 0E 8 CC 1A 61 24D BE 2E 5C 9F E4 FB 6F 2D
F9 E4 B6 FD 2D 0E D8 8C 1A 61 24 B 2E 5C 9F 9E4 FB 6F D2 0

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a) From Government Company:
QP
E4 FB FD 2D 0E D8 8C C1 6 24 DB E2 5C 9F 9E FB 6F D2 D0 ED

Pension received Rs. 16,000 p.m.

FB 6F 2 0 D 8C C1 A6 124 DB E2 E5 9 9E 4F 6 D D0 ED 88

12. Gift from his brother Rs. 1,02,000

6F D2 D0 ED 88C C1 A6 12 DB E2 E5 C9 F9E 4F B6 FD 2D ED 88 CC
D2 D0 ED 88 C A 12 4D E E5 C9 F9 4F B6 FD 2D 0E 8 CC 1A
the previous year ended on 31st March, 2018.

Dearness Allowance Rs. 20,000 p.m.

2. Dearness Allowance Rs. 32,000 p.m.

Profession Tax deducted Rs. 200 p.m.

D0 ED 88 CC 1A 612 4D BE 2E C9 F9 E4 B6 FD 2D 0E D8 8CC 1A 61

Entertainment allowance Rs. 4,400 p.m.

ED 88 CC 1A 612 4D BE 2E 5C9 F9 E4 FB FD 2D 0E D8 8C 1A 61 24

joined a private company from 1st January, 2018.

88 CC 1A 612 4D BE 2E 5C9 F9 E4 FB6 6FD 2D 0E D8 8CC C1A 61 24 DB
ke
Compute his taxable Income for the A.Y. 2018-19.
CC 1A 61 4D BE 2E 5C F E4 FB F 2D 0E D8 8C 1 6 24 DB E2

Gratuity received on retirement Rs. 6,00,000

1A 61 24D BE 2E 5C 9F9 9E4 FB 6FD D2D 0E D8 8C C1 A6 124 DB E2 E5C

OR
61 24D BE 2E 5C 9F E4 FB 6F 2D 0E D8 8C C1 A6 124 DB E2 E5 9F
24 B 2 5C 9F 9E FB 6F D2 0 D 8C C1 A6 12 D E E5 C9 9E
DB E2 E5 9 9E 4F 6 D D0 ED 88 C A 12 4D BE 2E C F9 4
nd

Page 3 of 5
Compute his Taxable Income for the A.Y. 2018-19.
E2 E5 C9F F9E 4F B6F FD2 2D0 ED 88 CC 1A 612 4D BE 2E 5C9 9F9 E4 FB6
10. Interest on fixed deposits with post office Rs. 20,000

E5 C9 9E 4F B6 D D ED 88 CC 1A 61 4D BE 2E 5C F9 E4 FB FD

Dividend received from Indian Companies Rs. 64,000

Interest received on company debentures Rs. 1,20,000
8. Employee’s contribution to provident fund Rs. 96,000.

C9 F9 4F B6 FD 2D 0E 8 CC 1A 61 24D BE 2E 5C 9F E4 FB 6F 2D

Interest received on 8% Taxable RBI Bonds Rs. 40,000

11. Dividend from Co – operative credit society Rs. 13,000

He has provided the following information for the P.Y. 2017-18

ra

towards mediclaim premium for himself and his spouse.

F9 E4 B6 FD 2D 0E D8 8C 1A 61 24 B 2E 5C 9F 9E4 FB 6F D2 0
E4 FB FD 2D 0E D8 8C C1 6 24 DB E2 5C 9F 9E FB 6F D2 D0 ED
9. Interest on fixed deposits with Bank of Baroda Rs. 88,000

Employee’s contribution to Provident fund Rs. 10,000 p.m.

FB 6F 2 0 D 8C C1 A6 124 DB E2 E5 9 9E 4F 6 D D0 ED 88
6. Bonus declared by employer during the year was Rs. 30,000

6F D2 D0 ED 88C C1 A6 12 DB E2 E5 C9 F9E 4F B6 FD 2D ED 88 CC

Commutation of Pension received on retirement Rs. 4,40,000

D2 D0 ED 88 C A 12 4D E E5 C9 F9 4F B6 FD 2D 0E 8 CC 1A
D0 ED 88 CC 1A 612 4D BE 2E C9 F9 E4 B6 FD 2D 0E D8 8CC 1A 61

2D0ED88CC1A6124DBE2E5C9F9E4FB6FD
ED 88 CC 1A 612 4D BE 2E 5C9 F9 E4 FB FD 2D 0E D8 8C 1A 61 24
.co
88 CC 1A 612 4D BE 2E 5C9 F9 E4 FB6 6FD 2D 0E D8 8CC C1A 61 24 DB
During the year he paid Rs. 64,000 as premium of his Life Insurance policy.

CC 1A 61 4D BE 2E 5C F E4 FB F 2D 0E D8 8C 1 6 24 DB E2 m
1A 61 24D BE 2E 5C 9F9 9E4 FB 6FD D2D 0E D8 8C C1 A6 124 DB E2 E5C
61 24D BE 2E 5C 9F E4 FB 6F 2D 0E D8 8C C1 A6 124 DB E2 E5 9F
3. House Rent Allowance Rs. 20,000 p.m. [Exempt u/s 10) Rs. 12,000 p.m.]

24 B 2 5C 9F 9E FB 6F D2 0 D 8C C1 A6 12 D E E5 C9 9E
DB E2 E5 9 9E 4F 6 D D0 ED 88 C A 12 4D BE 2E C F9 4
Paper / Subject Code: 43817 / Direct Tax- Income Tax

He has spent Rs. 45,000 for treatment of his dependent brother who is 65% disabled.

E2 E5 C9F F9E 4F B6F FD2 2D0 ED 88 CC 1A 612 4D BE 2E 5C9 9F9 E4 FB6

E5 C9 9E 4F B6 D D ED 88 CC 1A 61 4D BE 2E 5C F9 E4 FB FD
C9 F9 4F B6 FD 2D 0E 8 CC 1A 61 24D BE 2E 5C 9F E4 FB 6F 2D
F9 E4 B6 FD 2D 0E D8 8C 1A 61 24 B 2E 5C 9F 9E4 FB 6F D2 0
E4 FB FD 2D 0E D8 8C C1 6 24 DB E2 5C 9F 9E FB 6F D2 D0 ED
4. Travelling Allowance Rs. 1,00,000 [Amount actually spent on travelling Rs. 76,000]

FB 6F 2 0 D 8C C1 A6 124 DB E2 E5 9 9E 4F 6 D D0 ED 88
6F D2 D0 ED 88C C1 A6 12 DB E2 E5 C9 F9E 4F B6 FD 2D ED 88 CC
D2 D0 ED 88 C A 12 4D E E5 C9 F9 4F B6 FD 2D 0E 8 CC
D0 ED 88 CC 1A 612 4D BE 2E C9 F9 E4 B6 FD 2D 0E D8 8CC 1

During the year he deposited Rs. 1,00,000 in his PPF account and paid Rs. 44,000
ED 88 CC 1A 612 4D BE 2E 5C9 F9 E4 FB FD 2D 0E D8 8C 1A
88 CC 1A 612 4D BE 2E 5C9 F9 E4 FB6 6FD 2D 0E D8 8CC C1A 6
Q.2. b. Mr. Manohar was a Government Employee who retired on 30th November, 2017. Thereafter he

CC 1A 61 4D BE 2E 5C F E4 FB F 2D 0E D8 8C 1 6
(15m)
(15m)

1A 61 24D BE 2E 5C 9F9 9E4 FB 6FD D2D 0E D8 8C C1 A6 1

Q.2. a. Mr. Prem works in a private company. He has provided the following particulars of his income for

5. He was provided with the accommodation by his employer, the perquisite value of which was Rs.

61 24D BE 2E 5C 9F E4 FB 6F 2D 0E D8 8C C1 A6 124
24 B 2 5C 9F 9E FB 6F D2 0 D 8C C1 A6 12
DB E2 E5 9 9E 4F 6 D D0 ED 88 C A 12 4D
E2 E5 C9F F9E 4F B6F FD2 2D0 ED 88 CC 1A 612 4D
E5 C9 9E 4F B6 D D ED 88 CC 1A 61 4D B
C9 F9 4F B6 FD 2D 0E 8 CC 1A 61 24D BE
F9 E4 B6 FD 2D 0E D8 8C 1A 61 24 B
E4 FB FD 2D 0E D8 8C C1 6 24 DB E2
FB 6F 2 0 D 8C C1 A6 124 DB E2 E
6F D2 D0 ED 88C C1 A6 12 DB E2 E5
D2 D0 ED 88 C A 12 4D E E5
D E 8 C 1 6 4 B 2 C
 A6 12 D E E5 C9 9E 4F B6 D
4 B 2 C F B F 2
61 124D DBE E2E E5C 9F 9E4 4FB 6F D2D D0E
9 D
12 24D BE 2E5 5C9 9F9 E4F FB6 6FD 2D 0E D88
4 B 2 F E F 2 D
24 DB E2 E5C C9F 9E 4FB B6F D2 D0 0ED 88C CC1
DB E2 E5 9 9E 4F 6 D D0 ED 88 C A
DB E2 E5 C9 F9E 4F B6 FD 2D0 ED 88 CC 1A 612
C F B F 2 C 1 6
BE E2E E5C 9F9 9E4 4FB 6FD D2D D0E ED8 88C C1 A61 124 4DB
2 5 9F E F 6 F 2 0 D 8 C A D E
E2 E5 C9F 9E 4F B6F D2 D0 ED 88 CC 1A 612 24D BE 2E
C B
E5 9 9E 4F 6 D D ED 88 CC 1A 1 4D BE 2E 5C 6
E5 C9 F9E 4F B6 FD 2D 0ED 88 CC 1A 61 24D BE 2E 5C 9F9
F F 2 0 2 5 9
5C C9F 9E4 4FB B6F D2 D0E ED 88C CC1 1A6 6124 4DB BE2 2E5 C9F F9E E4F
9 9 6 D D 8 C A 1 E C B

58534
C9 F9 E4F FB6 FD 2D 0E D8 8CC 1A 61 24D DBE E2E 5C 9F 9E4 4FB 6F

Receipts
F9 E4 B6 FD 2D 0E D8 8C 1A 61 24 B 2E 5C 9F 9E4 FB 6F D2
Particulars

To Salaries
F9 E4 FB6 FD 2D 0E D8 8C C1A 61 24 DB E2E 5C 9F 9E4 FB 6F D2 D0
E4 FB FD 2D 0E D8 8C C1 6 24 DB E2 5C 9F 9E FB 6F D2 D0 ED

To Net Profit
FB 6F 2 0 D 8C C1 A6 124 DB E2 E5 9 9E 4F 6 D D0 ED 88

To Office Rent

To Advertising

To Balance b/d
To Income Tax
To GST Penalty

To Depreciation
6F D2 D0 ED 88C C1 A6 12 DB E2 E5 C9 F9E 4F B6 FD 2D ED 88 CC
D2 D0 ED 88 C A 12 4D E E5 C9 F9 4F B6 FD 2D 0E 8 CC 1A

with 60% disability.

D0 ED 88 CC 1A 612 4D BE 2E C9 F9 E4 B6 FD 2D 0E D8 8CC 1A 61

To Fees From Client

To General Expenses

ED 88 CC 1A 612 4D BE 2E 5C9 F9 E4 FB FD 2D 0E D8 8C 1A 61 24
To Interest on Capital

Additional Information:
Additional Information:
88 CC 1A 612 4D BE 2E 5C9 F9 E4 FB6 6FD 2D 0E D8 8CC C1A 61 24 DB

To Audit Fees Received

CC 1A 61 4D BE 2E 5C F E4 FB F 2D 0E D8 8C 1 6 24 DB E2

A. 1st House: let out

To Printing and stationery

1A 61 24D BE 2E 5C 9F9 9E4 FB 6FD D2D 0E D8 8C C1 A6 124 DB E2 E5C

year ended 31st March, 2018.

To Gift received from client

61 24D BE 2E 5C 9F E4 FB 6F 2D 0E D8 8C C1 A6 124 DB E2 E5 9F
24 B 2 5C 9F 9E FB 6F D2 0 D 8C C1 A6 12 D E E5 C9 9E
DB E2 E5 9 9E 4F 6 D D0 ED 88 C A 12 4D BE 2E C F9 4

To Rent from open plot of land

the year ended 31st March, 2018:

B. 2nd House: Self occupied

E2 E5 C9F F9E 4F B6F FD2 2D0 ED 88 CC 1A 612 4D BE 2E 5C9 9F9 E4 FB6

To Appearing for client for ITAT

E5 C9 9E 4F B6 D D ED 88 CC 1A 61 4D BE 2E 5C F9 E4 FB FD

Actual Rent Rs. 60,000 p.m.

C9 F9 4F B6 FD 2D 0E 8 CC 1A 61 24D BE 2E 5C 9F E4 FB 6F 2D

To Dividend from Foreign Company

F9 E4 B6 FD 2D 0E D8 8C 1A 61 24 B 2E 5C 9F 9E4 FB 6F D2 0

Municipal Tax paid Rs. 20,000

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QP
E4 FB FD 2D 0E D8 8C C1 6 24 DB E2 5C 9F 9E FB 6F D2 D0 ED
Rs.

FB 6F 2 0 D 8C C1 A6 124 DB E2 E5 9 9E 4F 6 D D0 ED 88

Municipal Valuation Rs. 2,00,000

6F D2 D0 ED 88C C1 A6 12 DB E2 E5 C9 F9E 4F B6 FD 2D ED 88 CC
D2 D0 ED 88 C A 12 4D E E5 C9 F9 4F B6 FD 2D 0E 8 CC 1A

Interest on Housing Loan Rs. 90,000.

Municipal valuation Rs. 6,00,000 p.a.
D0 ED 88 CC 1A 612 4D BE 2E C9 F9 E4 B6 FD 2D 0E D8 8CC 1A 61
ED 88 CC 1A 612 4D BE 2E 5C9 F9 E4 FB FD 2D 0E D8 8C 1A 61 24
88 CC 1A 612 4D BE 2E 5C9 F9 E4 FB6 6FD 2D 0E D8 8CC C1A 61 24 DB
ke
CC 1A 61 4D BE 2E 5C F E4 FB F 2D 0E D8 8C 1 6 24 DB E2

20,86,000
18,26,000
11,12,000
18,000
2,40,000
60,000

OR
1A 61 24D BE 2E 5C 9F9 9E4 FB 6FD D2D 0E D8 8C C1 A6 124 DB E2 E5C
61 24D BE 2E 5C 9F E4 FB 6F 2D 0E D8 8C C1 A6 124 DB E2 E5 9F
24 B 2 5C 9F 9E FB 6F D2 0 D 8C C1 A6 12 D E E5 C9 9E

Municipal Tax paid 10% of Municipal Valuation

DB E2 E5 9 9E 4F 6 D D0 ED 88 C A 12 4D BE 2E C F9 4
nd

Page 4 of 5
Receipts and Payment A/c
E2 E5 C9F F9E 4F B6F FD2 2D0 ED 88 CC 1A 612 4D BE 2E 5C9 9F9 E4 FB6
E5 C9 9E 4F B6 D D ED 88 CC 1A 61 4D BE 2E 5C F9 E4 FB FD
C9 F9 4F B6 FD 2D 0E 8 CC 1A 61 24D BE 2E 5C 9F E4 FB 6F 2D
F9 E4 B6 FD 2D 0E D8 8C 1A 61 24 B 2E 5C 9F 9E4 FB 6F D2 0
ra
Rs. Particulars
Particulars

E4 FB FD 2D 0E D8 8C C1 6 24 DB E2 5C 9F 9E FB 6F D2 D0 ED

5,000 By Drawings
FB 6F 2 0 D 8C C1 A6 124 DB E2 E5 9 9E 4F 6 D D0 ED 88
are required to compute his net taxable income for the A.Y. 2018-19.

6F D2 D0 ED 88C C1 A6 12 DB E2 E5 C9 F9E 4F B6 FD 2D ED 88 CC

3,50,000 By Office Rent

6.000 By Balance c/d

40,000 By Gross Profit

2,75,000 By Conveyance

You are required to compute his taxable income for the A.Y. 2018-19.
D2 D0 ED 88 C A 12 4D E E5 C9 F9 4F B6 FD 2D 0E 8 CC 1A

2,50,000 By Salary to staff

D0 ED 88 CC 1A 612 4D BE 2E C9 F9 E4 B6 FD 2D 0E D8 8CC 1A 61
2,00,000 By Office expenses

2D0ED88CC1A6124DBE2E5C9F9E4FB6FD
ED 88 CC 1A 612 4D BE 2E 5C9 F9 E4 FB FD 2D 0E D8 8C 1A 61 24
.co
88 CC 1A 612 4D BE 2E 5C9 F9 E4 FB6 6FD 2D 0E D8 8CC C1A 61 24 DB
50,000 By Income Tax refund

CC 1A 61 4D BE 2E 5C F E4 FB F 2D 0E D8 8C 1 6 24 DB E2
1,10,000 By Dividend from UTI

1A 61 24D BE 2E 5C 9F9 9E4 FB 6FD D2D 0E D8 8C C1 A6 124 DB E2 E5C

m
52,000 matured insurance policy

10,00,000 By Printing and stationery

treatment expenditure of his son who is physically disabled to the extent of 51%.
61 24D BE 2E 5C 9F E4 FB 6F 2D 0E D8 8C C1 A6 124 DB E2 E5 9F
24 B 2 5C 9F 9E FB 6F D2 0 D 8C C1 A6 12 D E E5 C9 9E
DB E2 E5 9 9E 4F 6 D D0 ED 88 C A 12 4D BE 2E C F9 4
Paper / Subject Code: 43817 / Direct Tax- Income Tax

98,000 By Amount received from LIC

E2 E5 C9F F9E 4F B6F FD2 2D0 ED 88 CC 1A 612 4D BE 2E 5C9 9F9 E4 FB6

Interest on Housing Loan paid Rs. 1,00,000 and House is vacate for 1 months.
E5 C9 9E 4F B6 D D ED 88 CC 1A 61 4D BE 2E 5C F9 E4 FB FD
C9 F9 4F B6 FD 2D 0E 8 CC 1A 61 24D BE 2E 5C 9F E4 FB 6F 2D
F9 E4 B6 FD 2D 0E D8 8C 1A 61 24 B 2E 5C 9F 9E4 FB 6F D2 0
46,000 By Interest on savings bank account

E4 FB FD 2D 0E D8 8C C1 6 24 DB E2 5C 9F 9E FB 6F D2 D0 ED
FB 6F 2 0 D 8C C1 A6 124 DB E2 E5 9 9E 4F 6 D D0 ED 88
6F D2 D0 ED 88C C1 A6 12 DB E2 E5 C9 F9E 4F B6 FD 2D ED 88 CC
Rs.

D2 D0 ED 88 C A 12 4D E E5 C9 F9 4F B6 FD 2D 0E 8 CC
D0 ED 88 CC 1A 612 4D BE 2E C9 F9 E4 B6 FD 2D 0E D8 8CC 1
ED 88 CC 1A 612 4D BE 2E 5C9 F9 E4 FB FD 2D 0E D8 8C 1A
88 CC 1A 612 4D BE 2E 5C9 F9 E4 FB6 6FD 2D 0E D8 8CC C1A 6

Q.4. a) Mr. Akash is the owner of two houses. He provides you the information of these two houses for
CC 1A 61 4D BE 2E 5C F E4 FB F 2D 0E D8 8C 1 6 1) Drawings includes Rs. 49,500 towards pension fund (u/s 80 CCC) of LIC and Rs. 46,000 for medical
Salaries includes Rs. 1,11,000 for medical treatment of Mr. Sharma’s dependent mother who is disabled

(15m)
(15m)
(15m)

Q.3 b) The following is the Receipts and payment account of Chartered Accountant Mr. Agrawal for the

Rs.

20,86,000
2,36,000
3,00,000
50,000
2,00,000
7,50,000
1,50,000
4,00,000
18,26,000
30,000
10,000
70,000
16,000
17,00,000

1A 61 24D BE 2E 5C 9F9 9E4 FB 6FD D2D 0E D8 8C C1 A6 1

Q.3. a) Mr. Sharma provides the following information for the previous year ended 31st March, 2018. You

61 24D BE 2E 5C 9F E4 FB 6F 2D 0E D8 8C C1 A6 124
24 B 2 5C 9F 9E FB 6F D2 0 D 8C C1 A6 12
DB E2 E5 9 9E 4F 6 D D0 ED 88 C A 12 4D
E2 E5 C9F F9E 4F B6F FD2 2D0 ED 88 CC 1A 612 4D
E5 C9 9E 4F B6 D D ED 88 CC 1A 61 4D B
C9 F9 4F B6 FD 2D 0E 8 CC 1A 61 24D BE
F9 E4 B6 FD 2D 0E D8 8C 1A 61 24 B
E4 FB FD 2D 0E D8 8C C1 6 24 DB E2
FB 6F 2 0 D 8C C1 A6 124 DB E2 E
6F D2 D0 ED 88C C1 A6 12 DB E2 E5
D2 D0 ED 88 C A 12 4D E E5
D E 8 C 1 6 4 B 2 C
 A6 12 D E E5 C9 9E 4F B6 D
4 B 2 C F B F 2
61 124D DBE E2E E5C 9F 9E4 4FB 6F D2D D0E
9 D
12 24D BE 2E5 5C9 9F9 E4F FB6 6FD 2D 0E D88
4 B 2 F E F 2 D
24 DB E2 E5C C9F 9E 4FB B6F D2 D0 0ED 88C CC1
DB E2 E5 9 9E 4F 6 D D0 ED 88 C A
DB E2 E5 C9 F9E 4F B6 FD 2D0 ED 88 CC 1A 612
C F B F 2 C 1 6
BE E2E E5C 9F9 9E4 4FB 6FD D2D D0E ED8 88C C1 A61 124 4DB
2 5 9F E F 6 F 2 0 D 8 C A D E
E2 E5 C9F 9E 4F B6F D2 D0 ED 88 CC 1A 612 24D BE 2E
C B
E5 9 9E 4F 6 D D ED 88 CC 1A 1 4D BE 2E 5C 6
E5 C9 F9E 4F B6 FD 2D 0ED 88 CC 1A 61 24D BE 2E 5C 9F9
F F 2 0 2 5 9
5C C9F 9E4 4FB B6F D2 D0E ED 88C CC1 1A6 6124 4DB BE2 2E5 C9F F9E E4F
9 9 6 D D 8 C A 1 E C B

58534
C9 F9 E4F FB6 FD 2D 0E D8 8CC 1A 61 24D DBE E2E 5C 9F 9E4 4FB 6F
F9 E4 B6 FD 2D 0E D8 8C 1A 61 24 B 2E 5C 9F 9E4 FB 6F D2

Year
Year
F9 E4 FB6 FD 2D 0E D8 8C C1A 61 24 DB E2E 5C 9F 9E4 FB 6F D2 D0
E4 FB FD 2D 0E D8 8C C1 6 24 DB E2 5C 9F 9E FB 6F D2 D0 ED
FB 6F 2 0 D 8C C1 A6 124 DB E2 E5 9 9E 4F 6 D D0 ED 88

2017-18
6F D2 D0 ED 88C C1 A6 12 DB E2 E5 C9 F9E 4F B6 FD 2D ED 88 CC

2014-2015
2009-2010
2003-2004
2001-2002
2014-2015
2009-2010
2003-2004
1999-2000
D2 D0 ED 88 C A 12 4D E E5 C9 F9 4F B6 FD 2D 0E 8 CC 1A
D0 ED 88 CC 1A 612 4D BE 2E C9 F9 E4 B6 FD 2D 0E D8 8CC 1A 61

tax for A.Y. 2018-19.

ED 88 CC 1A 612 4D BE 2E 5C9 F9 E4 FB FD 2D 0E D8 8C 1A 61 24
88 CC 1A 612 4D BE 2E 5C9 F9 E4 FB6 6FD 2D 0E D8 8CC C1A 61 24 DB
CC 1A 61 4D BE 2E 5C F E4 FB F 2D 0E D8 8C 1 6 24 DB E2
1A 61 24D BE 2E 5C 9F9 9E4 FB 6FD D2D 0E D8 8C C1 A6 124 DB E2 E5C

OR

5. Taxable Perquisites
61 24D BE 2E 5C 9F E4 FB 6F 2D 0E D8 8C C1 A6 124 DB E2 E5 9F

3. Deduction u/s 80DD

24 B 2 5C 9F 9E FB 6F D2 0 D 8C C1 A6 12 D E E5 C9 9E

Q.5. Write Short notes (Any 3):

DB E2 E5 9 9E 4F 6 D D0 ED 88 C A 12 4D BE 2E C F9 4
E2 E5 C9F F9E 4F B6F FD2 2D0 ED 88 CC 1A 612 4D BE 2E 5C9 9F9 E4 FB6

Cost Inflation Index are as follows:

E5 C9 9E 4F B6 D D ED 88 CC 1A 61 4D BE 2E 5C F9 E4 FB FD
OR

C9 F9 4F B6 FD 2D 0E 8 CC 1A 61 24D BE 2E 5C 9F E4 FB 6F 2D
Dividend from Bank of India

F9 E4 B6 FD 2D 0E D8 8C 1A 61 24 B 2E 5C 9F 9E4 FB 6F D2 0

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E4 FB FD 2D 0E D8 8C C1 6 24 DB E2 5C 9F 9E FB 6F D2 D0 ED

2. Allowable Business Expenditure

FB 6F 2 0 D 8C C1 A6 124 DB E2 E5 9 9E 4F 6 D D0 ED 88
Interest on Saving Bank Accounts
Dividend from Co-Operative bank

6F D2 D0 ED 88C C1 A6 12 DB E2 E5 C9 F9E 4F B6 FD 2D ED 88 CC
D2 D0 ED 88 C A 12 4D E E5 C9 F9 4F B6 FD 2D 0E 8 CC 1A

1. Assessment Year and Previous Year

D0 ED 88 CC 1A 612 4D BE 2E C9 F9 E4 B6 FD 2D 0E D8 8CC 1A 61
Interest with deposits with Companies

ED 88 CC 1A 612 4D BE 2E 5C9 F9 E4 FB FD 2D 0E D8 8C 1A 61 24
ke
88 CC 1A 612 4D BE 2E 5C9 F9 E4 FB6 6FD 2D 0E D8 8CC C1A 61 24 DB The cost of Improvement was as follows:

4. List of Assets which are not capital Assets

CC 1A 61 4D BE 2E 5C F E4 FB F 2D 0E D8 8C 1 6 24 DB E2
Rs.

272
240
148
109
100
1A 61 24D BE 2E 5C 9F9 9E4 FB 6FD D2D 0E D8 8C C1 A6 124 DB E2 E5C
61 24D BE 2E 5C 9F E4 FB 6F 2D 0E D8 8C C1 A6 124 DB E2 E5 9F

Q.5. b) Explain the term Income with suitable Examples

24 B 2 5C 9F 9E FB 6F D2 0 D 8C C1 A6 12 D E E5 C9 9E
nd
7,40,000
6,54,000
DB E2 E5 9 9E 4F 6 D D0 ED 88 C A 12 4D BE 2E C F9 4 4,00,000

Page 5 of 5
16,80,000
E2 E5 C9F F9E 4F B6F FD2 2D0 ED 88 CC 1A 612 4D BE 2E 5C9 9F9 E4 FB6
E5 C9 9E 4F B6 D D ED 88 CC 1A 61 4D BE 2E 5C F9 E4 FB FD
C9 F9 4F B6 FD 2D 0E 8 CC 1A 61 24D BE 2E 5C 9F E4 FB 6F 2D

He sold the above house on 1st March, 2018 for Rs. 3,00,00,000
F9 E4 B6 FD 2D 0E D8 8C 1A 61 24 B 2E 5C 9F 9E4 FB 6F D2 0
ra

Q.5. a) Explain the Deduction under Income from Other Sources.

E4 FB FD 2D 0E D8 8C C1 6 24 DB E2 5C 9F 9E FB 6F D2 D0 ED
C. He also received the following income during the year:

**************
FB 6F 2 0 D 8C C1 A6 124 DB E2 E5 9 9E 4F 6 D D0 ED 88
Rs. 20,000
Rs. 30,000
Rs. 80,000

You are required to calculate Taxable Income for the A.Y. 2018-19.

Cost Inflation Index

6F D2 D0 ED 88C C1 A6 12 DB E2 E5 C9 F9E 4F B6 FD 2D ED 88 CC
Rs. 3,20,000

D2 D0 ED 88 C A 12 4D E E5 C9 F9 4F B6 FD 2D 0E 8 CC 1A
D. He also deposited Rs. 2,40,000 in PPF during the previous year.

D0 ED 88 CC 1A 612 4D BE 2E C9 F9 E4 B6 FD 2D 0E D8 8CC 1A 61
He incurred the transfer expenses of Rs. 6,00,000 on the sale transaction.

2D0ED88CC1A6124DBE2E5C9F9E4FB6FD
ED 88 CC 1A 612 4D BE 2E 5C9 F9 E4 FB FD 2D 0E D8 8C 1A 61 24
.co
Market value of the residential house on 1st April, 2001 was Rs. 50,00,000

88 CC 1A 612 4D BE 2E 5C9 F9 E4 FB6 6FD 2D 0E D8 8CC C1A 61 24 DB

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Paper / Subject Code: 43817 / Direct Tax- Income Tax

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A Residential House was purchased on 12th December, 1998 at a cost of Rs. 36,00,000. Fair

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(7m)
(8m)
Q.4. b) Mr. Dev provides you the following particulars of assets transferred by him during the previous

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(15m)
(15m)
year ending 31st march, 2018 You are required to compute his Income from Capital Gains chargeable to

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