MANONMANIAM SUNDARANAR UNIVERSITY, TIRUNELVELI

Degree Examination April 2021

41863289 5 No of pages writtecn

College Code/Name :223 V.O.C. CoLLEGE

Course Name: B.Com.
Registration No : 20182231301256
Student Name: SUDHAKAR S
Subject Code/Title: SECO6A - Income Tax Law & Practice - II
Date Of Exam/Session 26-06-2021 FN

DECLARATION
1, SUDHAKAR S, (Reg. No. 20182231301256) solemnly affirm the following that
. myself have written the examination in my own handwriting (Not Applicable for the candidates permitted for Scribe)
2. I have not consulted any other person and copied the answer from any other student
3. I also affirm that I have not shown my
paper to any other to copy
and
I undertake that 1 shall be responsible to clarify the suspicions that arise in my answer script relating to writing and
submission, and on moral, ethical, legal grounds. I shall be punished, if fraudulent activities are found related to my answer
script, in any later point of time.

S Sudhakay
Student Signature

For Evaluation Purpose

41863289

Subject Code: SECO6A Q No.12 34 s6 7 8910

Name & Signature of Examiner No 23|4 s 679 10

A

Name & Signature of Chief Examiner B

aminer Code
Total Marks

Total Marks in Words

 Registration No. 20182231301256 Page No.
Subject Code-Title SECO6A - Income Tnx Law & Practice - I1 S.Sudlha kav
Date Of Exam 26-06-2021 FN Student Signature

PART A

)StocK - in - tvade

2.bagviCultuYal Land

othev SouYCes
4CLnniome From

s d) 3 yeavs

Peviod
a) nlimited
6.

CultuYal Fund
Nation al

9 d) 5,00,0oo

lo. d&) 30 1
 Registration No. 20182231301256 Page No.
Subject Code-Title SECO6A Income Tax Law & Practice - I1 S.SudhaKay
Student Signature 2
Date Of Exam 26-06-2021 -FN

PART B

tevm Capita gaun

bLOng
assets Fev
Fov
A PevsDn is heldung9 the
he nomne
yeayS in Case
3 yeav OV Move thaan 3
Sale OF Capital
aYYeaY due to ENcunsFev ave

tevm Capital
ASse Whchh is Called as long
gaun. Sometimes A PeYson is hot dinq
But
thn One ueay
n Case
Less
he assetS
to Evans Fev
arveaYS
due
inene
any ASs e t
whidh S
Sale OF CapitaL
Cave and
Shov tem Copital gun
Calle cL
aSS e For one yeav
.S Well CS toadung
intome
is
iS Cled as
moYe than
ave
tem Capi t a l goun
ong
 Registralion No. 20182231301256 Page No
Subjeet Code-Title SECOGA- Income Tax Law & Practice - I1 S.Sudhakay
Student Signature 3
Date Of Exam 26-06-2021 - FN

2)
Stateme nt oF Taca ble Lnwme Fvom ehe
Othev Souvces Fov the
ASSe5S m e n t

yeav 2020 202

RS
PaNEIC wlavs RS

a) . of govexnment Secuvities 15,000x 750

750

b)87. OF m u u p a l Bohds 15,o 00

Agya ho0 200
X

) c) PoSE OFFILe NOtional Savinqs

ExemPE
Cetifi cateS

d) Seuvities SSued by a
D,O0ox oo
/00
Foveign govevnmeht

3, 550
Tarable Thonme
 Registration No. 20182231301256 Pagc No
S.sudhakav
Subjeet Code-Title SECO6A Income Tax Law & Prnctiee - II
Student Signature
Date Of Exam 26-06-2021 - FN

b Ompututoh OF 9vosS T o t a l Thtonme fo the

Ay 2020- 21

Amt
Amt
Pavticulays

A CshoVttevms) 3,2,o0
CtLin vom A SS et

(Shovt- tevm) S0,000 232,000

LosS: Fvom ASs et A

56,
Cong -tevm) 5,
Ooo
ASset A
Taun Fvom

Fvom ASser A Clonq-Lerm) 5,00,00o

-34,O0 o

TYOS5 ToL CUL home 2,32,000o

 Registration No. 20182231301256
Page No
Subject Code-Title SECO6A Income Tax Law & Practice -II S.Sudhakav
Date Of Eam 26-06-2021 FN
Student Signature 5

aa Conpt ation oF
th to me of Mv. Babu

Fo the AY
RS
YOSS E o t a l th&ome 7, 50,0oD

less pedduution Uls 500

DOnatiOn Eo Natioha oundd ation

15, Oo
Co mnun a l
Fov har moh
CI5,000 O0Y)

D onation O N
NCLEiO hal Chudvers
fund 30,00 O
(30,00oxt00 7)

Donation LO National defence

37, 50o
Fwnd
51,500 K O0 V)

667, 5
 20182231301256 Page No
Registration No.
Subjeet Code-Title S.Suddhakav
SECO6A Ineome Tnx Law & Practlee -II Student Signature
Date OfExam 26-06-2021 FN

I5 Ihome CFov the

Co mP u t ati on OF Total
ay
Ay 2020 2)

RS
PcuNEICulavs

,50,00o
Business Intome

LoSS Fvomn seLF OccuPied 30,0o0

2 0 , o0o

house

,000
ShovE tevm CapiEal g aun

From Jeweley

Shovt tevm Capttal g cuin 65,00o

Fvom s haves

93,006
ToLcuL ntome
 Registration No. 20182231301256
Page No.
Subject Code-Title SECO6A Income 'Tax Law & Praetice -}I S.SudhaKaY
Date Of Exam 26-06-2021 - FN Student Signature

PART C

16 Compwtcti on
a of tacable Cap Eal q auh

PayticulavS Ammo unt

Jewellevu
2, LiO Oc0
Sale S PYiLe

EpenSe s on Soles
2 O , coo
Net Scules Con Si de 1cutio n

ndexed Cost DF O Cqu5i StiOn

433 So
6+,ooOo 239
29
96, 60

Indlexed CoSE OF imPxouement

Capitcl gcun 96,62o

PloE
5, 2 L,O0 o
Sales Pile
Sale 24,00O
ExPenSess on

Net Sales Con Sidevation 5,00,O0o

Registration No. 20182231301256 Page No.
Subjeet Code-Title SECOGA - Income Tax Law & Practice - 11
S.sudhakav
Student Signature
Date Of EAam 26-06-2021 - FN

(Ihdexed COSt
a CquuS Eion 5,37,0So
2, 1000D X 29q

I3
N
CapitalL gaun

T old 3,00oC
Sale ss PYice

ErfenSes On Scles
3 , o0, D0O

Net Sales Coh Sidevation

1n deved asset Of ocqutSiction

95, 27o
i,b0,o00 2897

,O4,72g

PvovemenE
EIndered CoSE OF m

,O4,720

Capitcl 9oin
 Registraton No 20182231301256 P'age
Stthiect Code-Titie SECO6A Income Tax Law & Practice -11 S.Sudhaka
Student Signature
Date Eam 26-06-2021 - FN

7
M Anandd.
ompwt ati 0 n OF Taxable Ln Come

Amount
PaytiCulav S

Oq0vexnmert se cuv iti es 3,00O

(30,ooo x O/.

to KaYh ataka ,O0

goveyn ment o h

CL000o x

Oy. Tax - Fvee d e bent uve S OP

3335
Co mpdU

CTYOSS up 30,020x .
O0-iO

0 d ebenuYes o F a Tea emP a n 2,00 Ob

C20,00o o
r e e e s t on Debentues (uhsted)
7,900
C1O SS uP T,o X ob
foo O
Registration No. 20182231301256 Pape No.
Subject Code-Title SECO6A- Income 'Tax law & Practiee - }1 S.Sudhaka
Date Of Exam 26-06-2021 - FN Student Signature

Thtevest oh debe htuv es

20 O0o
UTYOSS p 8,o00 x 00
00-0
40,235
To tal
neme
500
CoUe tron havg es
Tanable lnome Fvom I n t e Yest 39, 735
h secuvi ties

NOtes
to gYOSSsu
Ctovevn ment Seuvities need hot

The wOYld TaL Fvee ahd Yeceived

Sho w d avosS up
Commev c a l
Fvom o m mey u a

Cole tion Charqes Should dedu Fvom

intome
 Registration No. 20182231301256
Page No.
Subject Code-Title SECO6A Income T»x Law & Praetice - II S.S udhakav
Date Of Exam 26-06-2021 - FN Student Signature

of MY A Fov
OF Total Tntome
b Computatioh

AY20 20 20 21
the

PaVEiclavs
In tOme Fom SlLar ,s0 Ooo

Lbhg teYm Cupital gaun 2, L0, 00o

Shove EeYm CapitalL o SS bo,0oob

,80,0bo

JO, OOo
InLome vom house PyopevEu

2, 20,o0o

Business oSS
,90,o0D 30,OoO

oSS FOm a Speu Fi ed efermed

NEkdezke Seekren business
Ye ewecl it in secti On 35A.D

Goco-to be CIF to Nect NI

yeavv

Total honme 2, 10,00 o

Registration No. 20182231301256
Page No.
Subject Code-Title SECO6A- Income Tax Law & Practice - II S.Sudhakay
Date Of Exam 26-06-2021 FN Student Signature 2

omputation OF TO Lal Inlome of M X Fov

the ASsesSment
yeav2020 -2021

PayEiclavs

t o SS Totaul home 6o0.Oo0

leS5Deduction uls 3oc to 8ou

)SoC-P entSion Fund cF LC 1 20bo

i) 3O D Medical Ih Suy ahce 16, Doo

PYemuum

f) 80 F intevest Oh Lo cun
oun
5,00 o
ta ken Fov ghev Study

amut
v) 8o G Doy -NO
De Fen Ce Fund 0,00o 53, O0 o
o N a E i o hadl

To t a l Ihw me 5.4t o00

 Registration No. 20182231301256 Paye No.
Subject Code-Title SECO6A -
Income Tax 1Law & Practice -11 S.Sudhakav
Date Of Exam Student Signature 13
26-06-2021 FN

20
than 6o yeavs IHUF AOF
I
b Fov individuals less
BOl

Nt Ih tomne Thome Ta HEC

Sur charge
Rates

NI N
Ni
up to 2, 50,oo 0

5y. OF (TOtal fhume N

2, So, ooo to 5,00.0oo
2, 50,o0o) In ome

5 , 00, Oco to 310,00.0co 1 2,500 +2o7. OF OF

Inicme to
Cinto me -q 5,60,O0o

oo,oDO to I50c0.coo ,12, 500t 3Y. OF N Ineme tar

Cinwme -g l0, 0,00O

300f lo . Of ,OF
T50, O0,000 t ,00,00,c00 3|3, 12,500 1 ( L . EG and
EaX
h tome
Lnome
5o,0,o00]
SuYchavgey
29,12,5oot 30y. tS . oF 4 , OF
47,
Above b o , o 0 , o0D

OF CTh to me Ihpmee CT.tax

tar and suhavg
Registration No. Page No.
20182231301256
5,S udhalkav
Subject Codc-Title SECO6A Income Tax Law & Practice - I1
Student Signature
Date Of Exam 26-06-2021 - FN

Fov ncli vi duals betweh 60 an d 80yeay S

Net Ihtom e Ihtome Ta HEC

Suchavge
Rates
Ooo Ni Nil Ni
upto 3,00,

4 . OOF

5,00, 000 to 5,00,000 5. OF CTOta Ihwme Ni InLome E a

3 , 0 , ooo)

4. OF
t20 OF
Co,ao o bo l0,oo,ooo O,ooo Ni Inme tax

(iniome 5, 00,000)

4Y. OFF
O, De,boo to 50,c0.poo io, voot 30y. OF Ni
htome t a r
(Intome 0 , O0,o00)

30x OF4yOFCItar
,0@.c0,cc0 I3, 10,0o0 t
OF 0
to
T50,O0,c0o
50,o0, o0o J lhome tax and Suvchavqa
Cinomne

Above 3,00,coO 28,t0,000 t 30y of 5 OF 4y. OF(I Cur

Jntome tar ancd Such avge)
home -
t,o,co,oo)
Registration No. 20182231301256 Page No.
Subject Code-Title SECO6A - Income Tax Law & Practice -II
S.Sudha kav
Student Signature S
Date Of Exam 26-06-2021 - FN

11 Fov indivicuals move tha 80 yea

InCome tar HEC

Net Lntome SuvchOqe
Rates

N Ni
Ni
upEO 5,0O ,boU

T5,00,0o0 Lo qi0,60,0o 20. Of CTOta N

Thiome R3 5,00,co) home tac

0 , OD,00d to 350,00.00o ,b0,000+307,00 Nil . DF

Thome taX
C I n o me - z0,00pog

D0 to p\00,00.c00 S, 00,O0o t
S0y, oF l0, oF L- of
50,00,0
Ihume tax hiDme E o
'CInuo me
-

50,Dgo0o

28,0o, ccot 30, SY. OE 4Y. Of Ihr

Above 7,D0,bo,coO
Of CIh iohe Intome t nd Suvchavue
, Oo, C0,00o