Practical Oriented Questions With Answer

1. Fill Form No. 49A online for obtaining PAN

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 2. Prepare a Slab rates chart for different individual assesse

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3.List out any ten exempted income from tax in India
Exempted incomes
Exempted incomes are those incomes which are not added to the total income for the purpose of
taxation.
The incomes on which tax is not levied are known as exempted incomes.
Mentioned below is the list of income exempt from tax specific to Section 10:
1. Agriculture Income [Section 10(1)]
2. Amount received out of family income, Hindu Undivided Family (H.U.F.)
[Section 10(2)]
3. Share of profit, [Section 10(2A)]
4. Leave Travel Concession or Assistance [Section 10(5)]
5. Perquisites/Allowances paid by Government to its Employees serving
outside India [Section 10(7)]
6. Income of a Consultant [Section 10(8A)]
7. Commuted value of Pension Received [Section 10(10A)]
8. Amount received as Leave Encashment on Retirement [Section 10(10AA)]
9. Compensation received in case of any disaster [Section 10(10BC) ]
10. Tax on Non-monetary Perquisites paid by Employer [Section 10(10CC)]
11. Statutory Provident Fund [Section 10(11)]
12. Recognized Provident Fund [Section 10(12)]
13. Superannuation Fund [Section 10(13)]
14. House Rent Allowance-HRA [Section 10(13A)]
15. Business Expenditure Allowance [Section 10(14)]
16. Scholarship received by an assessee to meet the cost of his Education
[Section 10(16)].
17. Allowance of M.P./M.L.A.or M.L.C. [Section 10(17)]
18. Awards Instituted by Government [Section 10(17A)]
19. Pension received by certain winners of gallantry awards [Section 10(18)]
20. Family pension received by family members of armed forces including para
military forces [Section 10(19)]

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4.Prepare E Based Chart on Perquisites

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5.Identify and Collect the list of Prescribed enclosures pertaining to IT
returns in respect of Salary and house Property Incomes
Essential document required for Income tax return filling
1. Choosing the applicable ITR Form
2. PAN Card
3. Aadhaar Card
4. Form 16
5. Salary Slip
6. Form-16A/Form 16B/Form 16C…
7. Form 26AS
8. Tax saving Investment Proofs
9. Bank Statement/ Passbook
10. Home loan Statement From Bank /NBFC
11. Capital gain documents like Broker statements, Property Sale deeds
12. Rental Income, Foreign Income, Dividend income related

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