CS Executive Tax Laws and Practice PYQ December 2013: Question Paper and Available Answers
CS Executive
Tax Laws and Practice
PYQS Series
December 2013
30 Questions Indexed
ICSI Examination Archive & Suggested Answers: This directory contains indexed questions from the paper for CS Executive Tax Laws and Practice PYQS (December 2013). Open the source paper and available answers. Older sessions follow the syllabus and statutory provisions applicable to their examination year.
Indexed questions
- Discuss, with reasons in brief, the admissibility or otherwise of the following items while computing income of a business : (i) Fine paid under the Customs Act, 1962 for importing
- Riya has a house property in Delhi, particulars of which are as under : Municipal value ₹3,00,000 Standard rent ₹3,12,000 Municipal taxes paid ₹50,000 Interest on money borrowed fo
- Write a note on the provisions of 'alternate minimum tax' (AMT) under the Income-tax Act, 1961.
- Explain the deduction in respect of medical insurance premium under section 80D.
- Describe any five methods under which the arm's length price relating to an international transaction is determined under section 92C.
- When is an assessee liable to pay advance tax? For whom it is not compulsory?
- Explain the provisions of the Income-tax Act, 1961 under which income of a minor child is included in the income of parents.
- Profit of a partnership firm is ₹4,00,000 after charging interest on capital @20% of its total capital of ₹8,00,000. How much remuneration is allowable under section 40(b) to its p
- Distinguish between 'domestic company' and 'foreign company'.
- How is 'survey under section 133A' different from 'search under section 132'?
- Write short notes on the following: Block of assets for the purpose of charging depreciation.
- Write short notes on the following: Dividend distribution tax under section 115-O.
- Arvind earned a gross total income of ₹10,00,000 during the previous year 2012-13. He made the following donations through crossed cheques in the previous year: ₹30,000 to National
- Mention the due dates for filing return of income for different categories of assessees.
- Kartar furnishes the following particulars for the previous year 2012-13 in respect of an industrial undertaking established in special economic zone during the financial year 2007
- Shyam is owner of a goods transport company. During the previous year, he used two light commercial vehicles for 8 months 3 days and one heavy commercial vehicle for 6 months. In a
- From the following information, compute the taxable capital gains of Sanjay: He sold his self generated goodwill for ₹15,00,000 after using it for six years. He spent ₹1,50,000 for
- Sumit is an Indian and resident and ordinary resident in India. The value of his assets and liabilities as per Schedule III of the Wealth-tax Act, 1957 as on 31st March, 2013 are a
- Dev is an officer of Rajasthan Government. He is in the pay scale of ₹20,000-800-28,000 since 1 st June, 2011. He gets dearness allowance @10% of his basic salary and entertainment
- How does residential status affect the tax liability of an assessee? Explain.
- "Service tax is generally payable by the service provider, but in certain circumstances it is the liability of the service receiver." Do you agree? Explain.
- Who can avail input tax credit? Can input tax credit be carried forward? Discuss.
- Piyush rendered a taxable service to a client on 25 th August, 2013. A bill of ₹40,000 was raised on 29 th August, 2013 for which ₹15,000 were received from the client on 1 st Octo
- Piyush rendered a taxable service to a client on 25 th August, 2013. A bill of ₹40,000 was raised on 29 th August, 2013 for which ₹15,000 were received from the client on 1 st Octo
- Explain the term 'inter-State sale' as per the Central Sales Tax Act, 1956. When is a sale or purchase deemed to have taken place in the course of inter-State sale?
- For whom registration is compulsory under service tax? What is the time-limit for registration? How much fees is determined for it?
- Determine the VAT liability of Sambhav from the following information: Purchases from local market (including VAT) ₹2,60,000 VAT rate on input 4% Transportation, insurance and hand
- Distinguish between 'exempt sales' and 'zero rate sales' under the VAT scheme.
- In what purchases, input tax credit is not allowed under VAT?
- What do you understand by 'point of tax' in service tax? How is point of tax determined where service is taxed for the first time?
How to Prepare for CS Executive Tax Laws and Practice
Use past questions to practise the paper format and review available answers. Check the current syllabus, applicable law and examination duration before attempting a timed paper.