CS Executive Tax Laws PYQ December 2024: Question Paper and Available Answers
CS Executive
Tax Laws
PYQS Series
December 2024
100 Questions Indexed
ICSI Examination Archive & Suggested Answers: This directory contains indexed questions from the paper for CS Executive Tax Laws PYQS (December 2024). Open the source paper and available answers. Older sessions follow the syllabus and statutory provisions applicable to their examination year.
Indexed questions
- The definition of person given in section 2(31) of the Income Tax Act, 1961 does include all of these except:
- Income earned and received outside India but later on remitted to India (whether tax incidence arises at the time of remittance) is taxable in case of:
- Which of the following receipts/payments are capital in nature ?
- Mr. Tinto has been provided with an accommodation by the company for which the company was paying a rent of ₹ 5,000 per month with effect from 01.09.2023. His basic salary is ₹ 11,
- Mr. Hiyakash employed in a company at Kolkata furnishes the following information. Basic Salary ₹ 45,000 up to 31st August, 2023 and thereafter an increment of ₹ 5,000 up to 31st M
- The Gross Annual Value of any House Property cannot exceed :
- Calculate the total Depreciation that can be claimed under the Income Tax in the following case: (1) Asset 1 purchased on 01.04.2023 for ₹ 4,00,000 and put to use instantly (2) Ass
- Loss arising on account of illegal business :
- The provision of Presumptive taxation under Section 44AD shall be applicable where the total turnover of Gross Receipts does not exceed:
- Mr. Micklu having business Income of ₹ 2,11,850. Long Term Capital Gain from sale of Land is ₹ 86,678 and Income from other sources from Bank Interest is ₹ 2,172 for the Financial
- Cost of improvement shall be indexed if :
- Mr. A entered into an agreement with Mr. B for Sale of Building for ₹ 35 Lakhs in June 2023 and received advance of ₹ 3 Lakhs. As a condition of this agreement if the agreement has
- Mr. P acquired a building from his friend on 08.11.2023 for ₹ 30 Lakhs. The stamp duty value of the building on the date of purchase was ₹ 33.50 Lakhs. What will be the income that
- Mr. P has two daughters and two sons all of which are minor. The Annual Income of two sons are ₹ 6,000 and ₹ 3,000 respectively. The annual income of two daughters are ₹ 8,000 and
- The assessee fails to pay the advance tax in 4th instalments in due time. The interest to be calculated in this case for .......... months.
- A person won a third prize in lottery for ₹ 10,000 during the Financial Year 2024-25. How much amount of TDS will be deducted in this case ?
- A person has business income of ₹ 3,20,000. His Long Term Capital Gain is ₹ 45,000 and Short term Capital loss is (₹ 25,000). What will be his total income in this case ?
- Maximum permissible deduction under section 80G which is subject to qualifying limit is restricted to :
- Section 80 requires mandatory filing of Return of loss under section 139(3) on or before the due date for carry forward of following losses except:
- PQR Pvt Ltd earned ₹ 15,00,000 for the year ended 31.03.2024 from sale of Coffee from growing and curing in India. How much income will be chargeable to tax as Agricultural Income
- A person is deducting TDS under Section 194C for an Individual whose PAN is not linked with AADHAR. The TDS rate will be:
- Deduction u/s 80JJAA in respect of employment of a new workman can be claimed by company for an amount equals to:
- A Ltd. paid ₹ 40,000 by cash to Mr. Q a supplier on 5/9/2023 on which the Nationalised bank was on strike. The amount of expenditure liable for disallowance u/s 40A(3) is:
- Dr. Chow Mow is a medical practitioner, has gross receipt of ₹ 51,50,000 for the F.Y. 2023-24, his total receipts consists 75% cash receipts and balance through the bank. His presu
- Mr. S, an Indian citizen, currently resides in Dubai. He came to India on a visit and his total stay in India during the F.Y. 2023-24 was 135 days. He is not liable to pay any tax
- Mr. K completed his MBA in April 2023 and joined XYZ Ltd from 01.05.2023. His basic salary is ₹ 2,25,000 p.m. He is paid 12% of basic salary as D.A forming part of retirement benef
- Mr. R has three houses for self-occupation. What would be the tax treatment for A.Y. 2024-25 in respect of income from house property ?
- If the converted property is subsequently partitioned among the members of the family, the income derived from such converted property as is received by the spouse of the transfero
- Mr. A gifted a house property to his wife, Mrs. M and a flat to his daughter-in-law. Mrs. S. Both the properties were let out. Which of the following statements is correct?
- During the A.Y. 2023-24, Mr. K has a loss of ₹ 6 lakhs under the head "Income from house property", loss of ₹ 5 lakhs from business of profession and income of ₹ 3 lakhs from long
- Mr. J, an employee of X Ltd, attained 60 years of age on 15.05.2023. He is resident in India during F.Y. 2023-24 and earned salary income of ₹ 5 lakhs (computed). During the year,
- In which of the following transactions, quoting of PAN is mandatory by the person entering into the said transaction ? (i) Opening a basic savings bank deposit account with a bank
- The TDS Certificate issued by an employer to his employees in case of salary income is:
- For making TAN application online, a person shall file his application in Form No :
- The appeal against the order of Appellate Tribunal can be filed to High Court :
- Dividend received from domestic companies will be included in the total income of the shareholder and taxable at:
- Share of profit is taxable in the hands of partner under the head:
- Deduction for dividend u/s 80M is allowable to:
- Deduction under section 80E can be claimed for interest on loan for:
- Transfer of Income without transfer of assets would be taxable in the hands of:
- Loss from speculative business may be carry forward up to:
- A registered trade union earned income by way of interest on fixed deposit held with State Bank of India of ₹ 6,00,000. The interest income chargeable to tax in the hands of trade
- Which of the following income is agricultural income ?
- The definition of Salary for the purposes of computing income under the head "Salaries" is Basic + Dearness Allowance + Commission as a % of Turnover ?
- Unabsorbed depreciation which could not be set off in the assessment year in which it arose, can be carried forward for:
- In terms of Section 2(42A), listed securities are treated as long-term capital asset, if they are held for a period of more than :
- Income of a minor child from a Fixed Deposit with a bank, made out of income earned from scholarship, is to be :
- Loss from the activity of owning and maintaining race horses can be set off against .......... of the same assessment year.
- Capital asset excludes all except ..........
- Rajat purchased a car for his personal use for ₹ 5,00,000 in April, 2020 and sold the same for ₹ 5,50,000 in July, 2023. The taxable capital gains is ..........
- The highest CGST rate legally permitted for intrastate supplies is ............
- What duties are taxes on intra-State supplies in case of Union Territories ?
- Time limit for issue of Debit Note or Credit Note in GST is :
- The 13th digit of GST Number indicates :
- A person shall be entitled to the credit of any input tax in respect of supply of any goods or services or both to him unless :
- Annual Return under GST is not required to be filed by:
- Final Return under GST is required to be filed:
- Penalty for not mentioning or wrongly mentioning HSN/SAC code on Invoice or GSTR-1 is:
- The value of supply under GST shall be :
- Mr. X sells good to Mr. Y for ₹70,000 on 01.08.2024 with a term that payment will be done on 15.08.2024. The condition was imposed that if Mr. Y did not able to pay by 15.08.2024 h
- Section 23 of the CGST Act, 2017 deals with :
- The invoice in case of a taxable supply of services shall be issued within a period of 45 days from the date of supply of services by:
- In case of continuous supply of service where the payment is linked to the completion of the event, the invoice must be issued :
- E-Way bill is mandatory in case of movements of goods of consignment value exceeding ₹50,000. The movement should be :
- A Registered person is supplying taxable as well as exempted goods to an unregistered person. He may issue :
- Goods may be transported without issue of invoice in case of:
- Certain goods have been supplied by a manufacturing company under free warranty. Which one of following statements is true ?
- Mini Hotels offers 6 days 5 nights package along with the dinner and Breakfast along with the Room Accommodation for a certain ₹10,000 for attracting guests. This type of supply is
- A claim for ITC under Reverse Charge can be claimed :
- Date of Actual Provision of Service 10.12.2023, Date of Invoice 30.12.2023, Date on which the payment was received 15.12.2023. The time of supply under section 13(2) of CGST will b
- Mr. X sells a product to Mr. Y for ₹25,000. Mr. Y provided free consultancy to Mr. X for ₹4,000. The normal value of the product is not available. The value of supply in this case
- Aggregate Turnover of a Registered Person is ₹15,00,000 out of which ₹6,00,000 is exempted turnover and ₹9,00,000 is taxable turnover. The common input on which GST is paid is ₹2,1
- Which one of the following is the case of Blocked Credit ?
- A registered person (hereafter in this section referred to as the "principal") may under intimation and subject to such conditions as may be prescribed, send any inputs or capital
- If a person who has registered voluntarily does not commence business within ............ from the date of registration, their GST registration may be cancelled by proper officer u
- Which of the following supply of services are exempt under GST ? (i) Testing of agricultural produce (ii) Supply of farm labour (iii) Warehousing of agricultural produce
- Mr. N, a casual taxable person, is not involved in making taxable supplies of notified handicraft goods or predominantly hand-made notified products. Which of the following stateme
- Balance in electronic credit ledger can be utilized against payment of:
- LMN & Associates made an application for cancellation of GST registration in the month of March due to closure of its business. Its application for cancellation of GST registra
- ABC & Co. has three branches, in Jalandhar, Amritsar and Ludhiana, in the State of Punjab. Amritsar and Ludhiana branches are engaged in supply of garments and Jalandhar branch
- Discount given after the supply has been effected, is deducted from the value of taxable supply, if : (i) Such discount is given as per the agreement entered into at/or before the
- Which of the following statements are correct ? (i) Revocation of cancellation of registration under SGST/UTGST Act shall be deemed to be a revocation of cancellation of registrati
- Which of the following persons engaged in making intra-state supplies from Uttar Pradesh, as prescribed below, is not eligible for composition levy under sub-sections (1) and (2) o
- Which of the following services does not fall under reverse charge provisions as contained under section 9(3) of the CGST Act ?
- Which of the following services are exempt from GST ?
- Where the goods being sent or taken on approval for sale or return are removed before the supply takes place, the invoice shall be issued:
- Invoice shall be prepared in ............ in case of taxable supply of goods and in ............ in case of taxable supply of services.
- Input tax credit shall not be available in respect of: (i) Goods used for personal consumption (ii) Membership of a club provided by the employer to its employees as per company's
- Assuming that all the activities given below are undertaken for a consideration, state which of the following is not a supply of service?
- IGM stands for:
- Which financial year is taken as base year for the purpose of calculating compensation amount payable to the states under GST (Compensation to States) Act, 2017?
- Advance Ruling can be sought for:
- Aggregate Turnover under CGST Act includes:
- The biggest benefit of ITC is :
- A shirt manufacturing company sends semi-finished shirts (without collars and pockets) to job workers who will complete the remaining work. In such a situation, the ............ wo
- ABC Consultants, registered at Delhi provides GST training to employees of Sanjay & Co. at Mathura, Uttar Pradesh. Sanjay & Co. is unregistered under GST Act. In this case,
- What will be the value of goods, if consideration paid is not wholly in money and open market value of such goods are also known ?
- The ............ supply will be charged at the rate applicable to the supply that attracts the highest rate of tax from within the consolidated package.
- Section 10 of the CGST Act, 2017 contains provisions related to ............
- GST on these goods will be applicable, when recommended by the GST Council.
How to Prepare for CS Executive Tax Laws
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.