RollNo

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" Printedpages:7 2l 076
BcQ/A_1S
INCOME TAX
paper_I
llme atlwed : 3
hoursJ
[Maximum marks : g0
Note: Afiempt live questi in all' selecting at lea$ one
question o* ror rl^,re thqn two questions
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I. rncome tax is charged
on the income ofthe previous
year.,,
Do you fully agree
with th.Lrs statement
? Ifnot what are the
exceptions ?
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*' nr lnc {nfr wta+ rara
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2. (a) Disdnguish betw€en .hx
avoidance, aud .tax
evasion,.
's1 qg1q.,
Cs .s.i o{trtfi, { .rqrr \

(b) How to find out Residential

status ofa company ? g,g
(r$ sc.{ mr hsr€ Iqn Sil an fuqr qir t ?

27076
 (7)
(2) sr s'l-{ ffiql
qqr t
qrrfrq g{Frd'{ Rqq q ffi-frq HEdlRm
3 From the following particulars calculate the taxable salary of qr s"t{ 6tl
ilfi rem qt + Mq Ad + !flft16t
M. Haridas (an employee of an individual) for the Assesment
modes ofrecovery
ofta:r' 8'8
Year2017-18: 10. O Describe the tlifferent

ttd qr q"h dFNt

ot <(fr + Fe-frfl
Sala.y 5,500Permonth G) Best JutlgementAssessnert

HRA 2,400 Permonth sfr<q o,r Fd'ett

DeamessAllowance 5,000Permonth

EntertainrnentAllorrarce lP00Permonth

Mr. Haridas and his employer contibute to RPF 14% of his

salary. One small car is allowed to him by ernployer both for

private and official of car are bome by the

use. Expenses
employer. He lives in a rented house, monthly rent hing
<3,000. Mr. Haridas is working at Meenrt. 16

r{q fu{t"r t r{€r ERsrs (fr q5 qfr( *r +ffi t) d

6(-RslTI s{ zots rt foq m frq tdc fr qqa frfiq :

qr6
+s{ 5,500cfr

TS|-{ 2,400 cR qI€

Rilrqr T{r
qr6
q€.Tr{ q-{T 5,000 eifr

qr€
q{-(qq qq1 1,200 cR

@ 21076
 (6) (3)
q, q \,{ u d { fls{ * sr+{K tr.rc s{ il u{ d affc
w frs( EfrqIs q\ s6fi ffiqil qqlFK crR3-c s"s d 14 cR$(
mr 4n ffit&q t :
Ssrff{ s'{ttrsff+ Fr*<rems0 c6 fiA 6r(!flqt frfiilr
firclsc trfu + ffic fr'rff ?t *n + q{ Fntffr s-6{ s(dr tr
(a) qrqR t ff{ (urffi or tr-t e-ot fr v<) 2,00,000 s[ cs fuirt + Ttr{ i racr t Hs-fl qrfs6 fu.ncr 3,000<
o) aftrdc (ff ilq 1,00,000 tr F+< Etrqrs trd i +rfca Er
(c) *+ qqr ct qrq 50,000
4. Define 'Annual value' and state the deductions that are allourcd
(d) qrffi d qR{rt{6 1,80,000
from the annual value in computing the income from House
(e) qeift-d Ers
30,000
gltt
prcperty. 16
(0 fl{
T{ qNrk6 €rfr 2,00,000
r'ffif6 gq, d
G) RffqsqRrd q hMq 30,000
cRqrsr ffqc ilr r6rt HqFt d qrq Mftf,
(h) (fi rm qior dq 1988 { qqr m.G + frc ffiF oAM q q+{ dFNr

q{ fr W qH ilr rfqrfum fr rppa 5!1 Unit-fl(ror{-r)

Unit-rr(qnr+rtr) 5 The following ae the partiorlars ofMr. X for the previous year

8. In what circumstances is the income ofone person treated as

2016-17, You are asked to comput€ his net tax liability: l6
(
the income ofanother ? rc
@ Businesslncome 5,56,900
q{ elft ff erc Est fr snt fu-{ qRRqldfr q qrft qrff B ?
(n) RentofProperty 10,000
9. What are the various authorities envisaged in the Indisr krcome
GD Municipaltaxpaid 1,000
tax law and describe the powers ofCentral Board ofDirect
(v) Agriculhne Income 10,000
ta:res? 16
(v) L;r(c) 15,000
21076
21076 P.T.O.
 (4) (5)

(vr) Wrnnigtomtottery. 50,000 Bq 6 sqflt :

(vif LlcPrcmiumPaid 10,000

(a) ({ {qRqi
(b) ,iff emr
(viir) Contibution to PPF 15,000
CD Whatare ttre expenses that arc deductible under 'Inmme
G) Casual krcome from Crossword Puzzles I,200
from other source' ? 8,8
.l( s{ + frc F{€r x fr sffi sr frq h{rq t r Ud t { r}fr
2016-17 tft rr{ s-fl{t d 'srq Hqfr onq' ft'q t r

s'( Erkd qq {q-qr dfrq :

7 A B and C arc equal partnen in a finn From the previous year
t the particulars in income ofthe firm are given below :

G) qcR t orq 5,56,900

(o (qfr ry h'fiqr 1o,0oo (a) Profit from business afler debiting Remuneration to

(O Hqft q1 aq-1qfuqr q;1 1,000

partsErs 2,00,000

(rv) tR qq 10,000 o) LTCG 1,00,000

1v) frffir om
{ff 15,000 (c) lnterrst on Bankdeposit 50,000

(O dffi sr {qTq 5o,ooo (d) Remuneration to partrers I ,80,000

(ri| fi-c-{ +qr fifqqq g6rqr 10,000 (e) Depreciation

Unabsorbed 30,000

(vO flffi{d 91fr3-c i dsrffi

q-s 15,000 (D B/Fbusinessloss 2,00,000

6n<; # qkw t otnfsd qrq t,2oo G) Capiul gain invest€d in sp€cifiedAssets 30,000

o) Amount deposited in Capital Gain Account Scheme,

6. 0) Explaintrfollowing:
1988 30,000
(a) Capital Assets
Compute total income and tax liability ofthe finn
O) CapitalGains.

21076 21076 P.T"O.