This question paper contains 12 printed pages]
CV—224—2018
FACULTY OF COMMERCE
B.Com. (Second Year) (Fourth Semester) EXAMINATION
OCTOBER/NOVEMBER, 2018
(CBCS Pattern)
INCOME TAX
Paper - IT
(MCQ + Theory)
(Monday, 22-10-2018) Time : 2.00 p.m. to 4.00 p.m.
Time—2 Hours Maximum Marks—40
NB. :— (i) — Question No. 1 is compulsory and solve on OMR sheet
(i) Attempt A// questions.
(ii) All questions carry equal marks.
(iv) Use of simple calculator is allowed.
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McQ
1. @)__ Gift from patient to a medical pactitioner doctor is his income from :
(2) Capital gain (Salary
(0 Profession (@) Other sources
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DCE94AF99E7AE1AQFSDSP91E21 18564Cwr C2) CV—224—2018
(2) Salary to business owner is ...... expenses in business income
(a) Disallowed (8) Fully allowed
(9 50% allowed (d) 70% allowed
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(a) aR (Wha: FT
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(3) Net income received from lottery is grossed up (excluding surcharge
and education cess) by :
Amount received
100
(a) 90
Amount received
ae x 100
(b) 70
(9 Amount received . 199
80
(d) None of the above
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