CS Executive Tax Laws PYQ December 2019: Question Paper and Available Answers

CS Executive Tax Laws PYQS Series December 2019 100 Questions Indexed

ICSI Examination Archive & Suggested Answers: This directory contains indexed questions from the paper for CS Executive Tax Laws PYQS (December 2019). Open the source paper and available answers. Older sessions follow the syllabus and statutory provisions applicable to their examination year.

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Indexed questions

The Central Board of Direct Taxes (CBDT) is headed by Chairman and also comprises of six members. The Chairman and all the Members of the CBDT are being selected :
The Central Board of Direct Taxes (CBDT) provides essential inputs for policy and planning of direct taxes in India and is a __________ functioning under the Central Board of Reven
A person is deemed to be of Indian origin if he, or either of his parents or any of his grandparents, was born in __________ .
Central Board of Direct Taxes (CBDT) vide Circular No. 8 of 2017 dated 23rd February, 2017 has clarified that the Place of Effective Management (POEM) provisions shall not apply to
Thomas, an Indian citizen is living in Kerala since birth in 1954 and left for UAE on 13th June, 2014 for a salaried employment contract for 4 years and came back on 7th July, 2018
The Apex Court in the case of CIT-Gujarat Vs. Saurashtra Cements Ltd. (2010) 233 CTR 209 has held that liquidated damages received from the supplier on account of delay in the supp
XYZ Pvt. Ltd. had distributed income of ₹6 lakh to Rajesh for the reason of buyback of its shares (Not being listed on a recognized stock exchange) from him on 1st February, 2019.
The maximum amount of any death-cum-retirement gratuity received by an employee not covered under the payment of Gratuity Act, 1972 on Superannuation from the employer exempt from
What will be the amount of gross salary which shall be required to be declared in the return of income to be filed for the previous year 2018-19 by Harun, who joined services as Ma
Total income of Nand Kishore under the head 'Salary' for the financial year 2018-19 of whose basic salary and DA per month was of ₹40,000 and ₹3,000 respectively and who was also p
A Central Government Officer received during the year 2018-19 salary excluding all allowances of ₹9,00,000 and amount of entertainment allowance of ₹12,000 @ ₹1,000 p.m. The maximu
Rajendra a non-resident Indian in the previous year 2018-19 was in receipt of rent of house property located in Dubai of ₹27,50,000. The amount of rent was transferred and credited
What will be the Gross Annual Value (GAV) of a house owned by Ramesh covered by Rent Control Act remained let out during the year 2018-19 of which; (i) Municipal value is ₹3,50,000
Santhnam purchased in October, 2017 with the financial assistance by way of housing loan provided by PNB Housing Finance Ltd. a flat in Chennai to be used exclusively for his own r
House owned by Suresh was sold on 1st January, 2019 and till the date of sale, the house was on rent of ₹7,000 p.m. The other relevant details of this house are (i) municipal value
Assets put to use in business for more than 180 days during the previous year consisting (i) Factory Building, (ii) Computers, (iii) Motor Vehicles used for Commercial Purposes and
The WDV of the block of asset of plant & machinery depreciated @ 15% as on 1st April, 2018 was of ₹13,50,000. Out of this block, one machine was sold 1st July, 2018 for ₹4,50,0
A machine owned by AB & Co. was transferred to XYZ & Co. on 1st January, 2019 for ₹5 lakh of which actual cost and WDV was of ₹3 lakh and ₹2 lakh respectively. However, the
Any asset, on which depreciation is claimed on the basis of Straight Line Method (SLM) is sold and the amount by which money payable together with scrap value, fall short of the Wr
Anirudh had made payment of (i) ₹30,000 to IIT, Kanpur for an approved scientific research programme (ii) ₹45,000 revenue expenditure on in house R&D facility as approved by pr
XAB Ltd. has incurred amount of ₹4,00,000 towards capital expenditure and ₹1,50,000 towards bona fide revenue expenditure for the purpose of promoting family planning amongst its e
Ping Pong is a Proprietorship firm of Pinga, resident in India having turnover from manufacturing and sale of Steel balls for the year 2018-19 of ₹148 lakh which is inclusive of am
Mr. Ramanad, engaged in the business of plying, hiring or leasing of goods carriers as on 1st April, 2018 was having 3 trucks of gross vehicles weight of less than 12,000 kgs each.
Indexed cost of acquisition of the house property purchased for ₹80 lakh in June, 1998 and was sold in December, 2018 will be of __________ (worked out by taking the CII of 1998-99
Chirag entered into an agreement for sale of his house property located at Jaipur to Yash on 1st August, 2017 for a total sale consideration of ₹95 lakh. Yash paid an amount of ₹20
Rohit is working as Company Secretary in Raj Chem Pvt. Ltd. on a salary of ₹20,000 p.m. He got married to Pooja who holds 25% shares of this Company. What will be the impact of sal
Transfer of income is revocable in the following cases :
Ram has gifted on 11th May, 2018 an amount of ₹10,00,000 to his wife Sita without consideration and also for not to live apart. The gifted amount was invested by his wife in intere
ABC Limited fulfilling all the conditions of operating different infrastructure facilities for claiming deduction u/s 80-IA. Find which are being not covered under infrastructure f
The profits of a Co-operative Society engaged in (i) Carrying out the business of banking, (ii) A cottage industry and (iii) Collective disposal of labour of its members are exempt
Ram & Co., a partnership firm worked out total book profits for the year ended 31st March, 2019 of ₹6,00,000 and has made payment of salary of ₹4,60,000 authorized by the partn
A charitable trust registered as per section 12AA of Income Tax Act, having capital asset purchased in June, 2015 for ₹1,00,000 and used for the charitable purposes till the same w
Samode Charitable Trust formed under the Trust Deed on 1st May, 2018 filed an application for grant of registration u/s 12AA of the Act to the CIT (Exemption) on 13th May, 2018. Th
ABC Ltd., a domestic company having a turnover of ₹350 crore has computed its total income for the year 2018-19 of ₹102 lakh. The tax payable by the company on such income in A.Y.
Provisions of Minimum Alternate Tax (MAT) are applicable to the companies which are; (i) Indian companies (ii) Foreign companies (iii) LLP
Total income of XYZ Limited includes the income of dividend of ₹10 lakh paid by a U.K. base foreign company in which XYZ Limited holds 30% of the equity share capital. The dividend
RAJA Ltd. has earned income of ₹150 lakh inclusive of income of ₹50 lakh from the transfer of Carbon Credit during the year 2018-19. The company had incurred an amount of ₹5 lakh a
Every person being resident Indian who carries-out the business/profession or a non-resident who has a permanent establishment in India shall deduct equalization levy from the amou
A transfer of capital asset by a private company or unlisted public company shall not be treated as transfer u/s 47 (xiiib) of the Act on Conversion into LLP on fulfillment of the
Rakesh entered into a Joint Development Agreement with Reality Builders Pvt. Ltd. for developing a project on the land owned by him during the previous year 2018-19 and the builder
Wealth Maximization Fund Limited had paid an amount of interest of ₹20 lakh in respect of money borrowed outside India on rupee denominated bonds to a foreign Institutional Investo
A house property owned by Nitin, a non-resident, at Delhi was agreed to be sold to Ramesh for a consideration of ₹70,00,000. Ramesh has stated to Nitin that the payment of sale con
The quarterly return of TDS relating to payments made to non-resident and the foreign company being a unit holder of mutual funds is to be filed in return form number:
Wherever any tax, interest, penalty or other sum under the I.T. Act is payable, the Assessing Officer has to serve upon the assessee a notice of demand as per Rule 15 and 38 under
Where the advance tax paid on or before March, 2019 is less than 100% of the tax due on the total income declared in the return as reduced by the amount of tax deducted at source,
The premises of an assessee within the jurisdiction of an Assessing Officer can be surveyed during business hours by such Income-Tax Authority __________ .
The Assessing Officer can complete the assessment under section 144 of the Act even though there is no failure on the part of assessee under section 139(1), 139(4), 139(5), 142(1),
The Commissioner of Income Tax can call for the records of an assessee and by virtue of powers conferred under the Act can make the revision of the order passed by the Assessing Of
As per section 9A, an eligible off-shore investment fund shall furnish within 90 days from the end of the financial year, a statement containing information relating to fulfillment
The Assessing Officer while scrutinizing the return of an assessee find under reporting of income for the reason of misreporting of facts of such income and thus levied penalty on
Every decision of the Goods and Service Tax Council shall be taken at a meeting, by majority of not less than __________ of the weighted votes of the members present and voting. Th
The Goods and Service Tax Council shall establish a mechanism to adjudicate any dispute __________
Administration and procedural aspects of Goods and Service Tax are to be administered by the __________ which is under the control of the Department of Revenue, Ministry of Finance
GST is a comprehensive tax regime covering both Goods and Services and be collected on value added at each stage of the supply chain. GST is thus levied on the basis of __________
Most of the countries in the world follow a uniform GST System whereas considering to the federal nature of Indian Constitution, Model of GST proposed and implemented in India from
Section 7 of the CGST Act, 2017 defines the term 'supply' which are further being enumerated in the various schedules as specified in that section. The section includes certain tra
Permanent transfer or disposal of goods forming part of business asset by or under the directions of the person carrying on the business whether or not for consideration as well as
Construction of a complex, building, civil structure or the part thereof including a complex or building intended for sale to a buyer, wholly or partly except where the entire cons
Which of the categories of registered persons who are being eligible for the composition scheme under the CGST Act, 2017:
The composition levy payable by a registered person whose aggregate turnover in the preceding Financial Year did not exceed One Crore and fifty lakh rupees making supply by way of
The liability to pay GST would depend on the mechanism the transaction aligns to the supplier who is registered with GST, issues a tax invoice, collects the GST and pays it to the
The exempt supply has been defined as supply of any goods/services/both, which attract a Nil rate of tax, or which may be wholly exempt from tax, and therefore, includes non-taxabl
The supply of Goods/Services/both, where location of supplier and the place of supply are in the same State or same Union Territory under CGST Act, 2017 and UTGST Act, 2017 is know
Ram & Company of Delhi has taken a contract to supply of food in New Delhi-Mumbai Rajdhani Express and the supplies of food in the train are being taken on board at Kota in Raj
Mr. Ravi Raj a registered person based in Ahmedabad solicits the services of an Event Management Company based in Mumbai for his daughter's marriage planned as a destination weddin
ABC Ltd., supplied goods to XYZ Ltd. under a contract for the goods to be delivered to the factory of XYZ Ltd. The goods were removed from the factory of ABC Ltd. on 9th September,
What will the value of supply of the mobile phone sold by Micromax to Anil Kumar for ₹35,000 in exchange with of his old mobile phone. The sale price of the new mobile phone withou
Mishra Enterprises had made supplies of ₹5,50,000 to Bee Kay Enterprises. Municipal Authorities of Jaipur on such supplies levied the tax @ 10% of ₹55,000. CGST and SGST chargeable
Babbur Automobiles of Jaipur has supplied the goods of ₹2,66,090 to Goel Automobiles of Ajmer in the month of March, 2019. The supply so made was inclusive of tax charged as CGST a
Section 2(62) of CGST Act, 2017 specify input tax in relation to a registered person, means the Central Tax, State Tax, Integrated Tax or Union Territory Tax charged on any supply
A registered taxable person is eligible to obtain Input Tax Credit (ITC) as per section 16 of the CGST Act, on fulfilling of certain conditions which consist of that such person sh
Availability of Input Tax Credit in special cases as per section 18(1) of the CGST Act, 2017 is available where a registered person is having tax invoice relating to such supply is
ABC Ltd. is engaged in manufacture of electrical appliances supply following details relating to GST paid on various items by them: Item | GST Paid (₹) Electrical Transformers util
The Input Tax Credit (ITC) is being credited to __________ of a person which may be used by the person to pay his out-put tax liability.
Zebra, a supplier of goods located at Jaipur paid GST under regular scheme both Inter-state and Intra-state. The supplies are chargeable to GST @ 18% The outward taxable supply in
The registration under GST is __________ based with State specific number and is known as GST Identification Number (GSTIN) which is a __________ digit number under the CGST Act, 2
Every supplier as per section 22 of the CGST Act, 2017 shall be liable to be registered under this Act in the State where he makes taxable supplies of goods or services or both, if
Section 22 of the CGST Act, 2017 refers to the expression "Special Category States" and there are total __________ special category States as per sub-clause (2) of Clause (4) of Ar
Section 2(77) of CGST Act, 2017 defines "non-resident taxable person" who has the business outside India, comes to India for a temporary business purpose. Such person would need to
The application for registration filed as per Rule 8, prior to grant of registration be examined and if found to be deficient, a notice to the applicant in Form __________ be issue
Any person required to deduct tax or required to collect tax at source under GST as per Rule 12 shall electronically submit an application for the grant of registration in Form ___
The proper officer, if has reasons to believe that the registration of a person is liable to be cancelled under section 29 of CGST Act, then he shall issue a notice to such person
Mundra Manufacturing Company of Jaipur on the order placed by Dheeraj Enterprises of Noida for supply of goods despatched the goods from the factory located at Jaipur on 1st March,
A draft template of invoice to be raised by a registered person liable to pay tax under Reverse Charge Mechanism (RCM) under GST is known as __________
Tax invoice referred to in Rule 46 of CGST Rules 2017, in case of taxable supply of services shall be issued under Rule-47 of CGST Rules 2017, within a period of __________ from th
Section 35(5) of Central Goods & Services Tax (CGST) Act, 2017 mandates that every registered person must get his accounts audited by a __________ if his aggregated turnover du
Every registered person as per section 68 of CCST Act, 2017 who causes movement of goods of consignment value greater than __________ whether for supply or otherwise or due to the
The Electronic Liability Register specified under section 49(7) of the CGST Act, 2017 as per Rule 85 of the CGST Rules 2017 shall be maintained in Form __________ for each person l
Section 56 of the CGST Act, 2017 states that claim of refund arising from an order passed by an adjudicating authority or Appellate Authority or an Appellate Tribunal or Court whic
Tax on inter-state supplies, import into India, supplies made outside India and supplies made in SEZ shall be charged under __________
Provision for levy and collection of tax on intra-state supply of goods or services or both by the Union Territory and for matters connected therewith or incidental thereto are bei
Integrated tax credit as per section 9A of UTGST Act, 2017 on account of Union Territory Tax shall be utilized towards payment of __________ only after the input tax credit availab
Advance ruling means a decision provided by the __________ to an applicant on the matter or a question specify u/s 97(2) and 100(1) of the CGST Act, in relation of the supply of go
Section 22 of the UTGST Act, 2017 lays down the power of Central Government to make rules on the recommendation of the Council. Any rule made under sub-section-1 of section 22 may
Total proceeds of the cess levied under section 8 of GST (Compensation to States) Act, 2017 as per section 10 shall be credited to a fund which is known as __________ and shall for
Section 110 of Finance Act, 2018 w.e.f. 2nd February, 2018 have levied __________ on imported goods which is a duty of customs levied for the purpose of the union on the goods spec
Find from the following list which are treated as Port under the provisions of the Customs Act, 1962:
Duty Drawback under the Customs Act, 1962 shall be allowed on the imported goods, where such imported goods are being used for a period of eight months before the same were re-expo
Self-assessment of duty as per section 17 of the Customs Act, 1962 is being done by Importer and Exporter relating to the goods subject to duty and after final assessment of duty i
The offences committed under the Customs Act, 1962 are having the criminal liability as well as civil liability. However, the offences involving duty evasion of more than ₹________

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