1.

Differentiate between Tax planning and Tax Avoidance

2. State any 5 income Exempted from tax
3. Income of previous year is always taxable in the immediately following assessment year.
Comment
4. Perquisite in respect of rent free accommodation
5. State the kind of provident funds and explain
6. Narrate the basic features of Income tax Act 1961
7. How will you determine the residential status of HUF?
8. Describe in how many categories the residential status of an assesse is divided. Also
explain the conditions of those categories
9. Narrate the rules for leave encashment

10. Explain the steps for calculating gratuity.

11. How one can calculate the taxable income from house property

12. Gross Total Income of Mr. Dust aged 50 years as computed under Income-tax Act, for
the assessment year 2018-19 is Rs. 3,00,000. He deposits Rs. 20,000 in a PPF
account. Compute the tax payable by Mr. Dust assuming that he has agricultural
income of
a. Nil;
b. Rs. 5,000; and
c. Rs. 3,50,000.

13. Enumerate any 10 income which do not form part of total income, also explain the
meaning of income tax as per income tax act in India
14. X own two identical houses in Delhi, both of which are self occupied. From the following
information, suggest which house should be treated as self occupied.

Particulars House 1 House 2

Standard Rent 3,30,000 3,30,000
Municipal Value 300000 300000
Fair Rent 300000 300000
Municipal Tax (Paid) 30000 30000
Insurance Premium (Paid) 15000 5000

Construction of both houses completed in September 2020. X had borrowed Rs 2500000 @9% p.a.
for constitution of house 2 (Date of Borrowing 1.06.2019), date of repayment of loan 30.06.2023

15. The following particular relate to the income Mr X for the assessment year 2024-25:

Dearness Allowance @Rs 6000 pm

Bonus @2 month basic salary

Entertainment Allowance @Rs 2000 pm

House Rent Allowance @Rs 7000 pm

Actual rent paid @Rs 4000 pm

Transport Allowance @Rs 200 pm

Children Education Allowance for 3 children @200 per month each

He is also provided with gas , electricity and water facility and employer spent Rs15000 on these
Facilities

Gift of smart watch worth Rs 14000 was received from employer

Car with engine capacity 1.7 liter is given for both office and personal use. All the maintenance
expenses are met by employer

He and his employer both contribute 10% of his salary to his recognized provident fund and interest
credited to this fund @12% amounted to Rs 30000 during the previous year.

He donated Rs 18000 to National Defence Fund

Compute his taxable income and tax liability for the assessment year 2022-23

16. What is tax incidence? How it can be determined

17. How to Compute the Total Tax Liability?
18. What is partly agricultural income? Explain the calculation process.