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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. () Faw. 1 afrord sep di OMR-sheet a Tear. Gi) wa ye tea. Gi) Wa FET TA TT area. Gy aa reds are warrit a. McQ 1. @)__ Gift from patient to a medical pactitioner doctor is his income from : (2) Capital gain (Salary (0 Profession (@) Other sources dasa cae Sora steve dares frac Ge a ore ST aT. (a) sisact arr () 7M (Q paaaTa (do RATT P.T.O, hitps:/Awww.srtmunonline.com DCE94AF99E7AE1AQFSDSP91E21 18564C wr 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 aR Aree IR eT aT seater ad am. (a) aR (Wha: FT (0 50% FT (dQ 10% FT (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 ‘itetregs Fresos seat aerct (orf a fer fe AEH) « Fa ona. ( “SS 100 We eH ®

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