Class Assignment

Taxation

1. Mr. P who is an American citizen and not a person of Indian origin came to India
for the first time from the US on 1- 4-2014. He stayed here at a stretch for 3 years
and left for Germany on 1-4-2017. He returned to India on 1-7-2018 and remained
in India till 1-12-2018. He again came to India to take up an employment in
Mumbai branch of an American company on 25-1-2021. What will be his
residential status for assessment year 2021-22?

2. From the following information calculate Income from Salary of Ms. Saraswati for
the Assessment Year 2022-23.
a. Basic Salary – Rs. 32,400 p.m.
b. Dearness Allowance – Rs. 23,600 p.m.
c. Bonus – Rs. 44,000 received on Diwali
d. Company’s Contribution to RPF Account is 12.5% of Basic Salary
e. Interest credited in RPF Account @ 8% amounts to Rs. 16,000
f. Education Allowance for three children is Rs. 12,000.
g. Fixed Medical Allowance – Rs. 16,000.
h. Uniform allowance of Rs. 12,000 is given by the company. Entire amount is
spent on purchase and maintenance of the uniform.
i. Telephone bill of Rs. 10,000 paid by company.
j. Salary of 1 sweeper, 1 watchman and 1 servant of Rs. 700 per person per
month is paid by the company.
k. Life Insurance Premium of Rs. 12,000 paid by the company.
l. Laptop worth Rs. 30,000 is provided for both personal & official use.

3. Classify the following in light of the definition of Person:

1 Ramanand Sagar
2 Hindustan Level Ltd.
3 North Gujarat University
4 Bhagyoday Bank Limited
5 Desai Brothers
6 Navsari Municipality
7 Gujarat Chamber of Commerce
8 Joint Family of Mr. & Mrs. K with
their children

4. Ms. Amba earns the following income during previous year 2022-23. Identify the
head of income under which they will be classified:
1 Pension 5 Winning of Dance reality show
2 Family Pension 6 Sale of Defective Goods
3 Gratuity 7 Bonus
4 Interest on Government Bonds 8 Bad Debts recovered

**********

“Hard-work leads to SUCCESS in Life.”