CS Professional Advanced Direct Tax Laws and Practice PYQ June 2026: Question Paper and Available Answers
CS Professional
5 - Advanced Direct Tax Laws and Practice
PYQS Series
June 2026
28 Questions Indexed
ICSI Examination Archive & Suggested Answers: This directory contains indexed questions from the paper for CS Professional 5 - Advanced Direct Tax Laws and Practice PYQS (June 2026). Open the source paper and available answers. Older sessions follow the syllabus and statutory provisions applicable to their examination year.
Indexed questions
- The Statement of Profit & Loss of Kamal Private Ltd., a domestic company engaged in manufacturing, shows net profit of ₹ 1,07,00,000 for the financial year ended on 31st March, 202
- The Statement of Profit & Loss of Kamal Private Ltd., a domestic company engaged in manufacturing, shows net profit of ₹ 1,07,00,000 for the financial year ended on 31st March, 202
- The Statement of Profit & Loss of Kamal Private Ltd., a domestic company engaged in manufacturing, shows net profit of ₹ 1,07,00,000 for the financial year ended on 31st March, 202
- During an Income Tax Assessment of Mr. Mukesh, the assessing officer needed to determine the Fair Market Value of an Investment declared by Mr. Mukesh. AO referred to the valuation
- During an Income Tax Assessment of Mr. Mukesh, the assessing officer needed to determine the Fair Market Value of an Investment declared by Mr. Mukesh. AO referred to the valuation
- During an Income Tax Assessment of Mr. Mukesh, the assessing officer needed to determine the Fair Market Value of an Investment declared by Mr. Mukesh. AO referred to the valuation
- During an Income Tax Assessment of Mr. Mukesh, the assessing officer needed to determine the Fair Market Value of an Investment declared by Mr. Mukesh. AO referred to the valuation
- During an Income Tax Assessment of Mr. Mukesh, the assessing officer needed to determine the Fair Market Value of an Investment declared by Mr. Mukesh. AO referred to the valuation
- Compute the total income of Global Co-operative Society for the PY 2025-26 (AY 2026-27) with the information given below assuming the assessee has not opted for Section 115BAD : S.
- Santosh Parsad, aged 30 years, a high school passed boy, by filing its return of income, u/s 44AD of the Income Tax Act shows its income @ 8% on receipts of ₹ 28,30,800 from the bu
- Vinod Enterprises proposes to purchase for his business, certain raw materials from Mr. Chetan. In view of the scarcity of the products, Chetan insists on cash payments for the pur
- Neha Ltd. (A domestic Company) provides you the information related to A. Y. 2026-27. (1) Dividend received from Sneha Ltd. (A domestic Company) ₹ 12,20,000 (dividend collection ch
- Bina (P) Ltd. has not filed the return for the FY 2024-25. The Assessing Officer issued a notice under section 142(1) on the assessee on 25th February, 2026 calling upon him to fil
- Mr. Arnav, an individual retired employee of the Aman Ltd. aged 64 years, is a well-known singer deriving income of ₹ 1,40,000 from stage shows abroad. Tax of ₹ 14,000 was deducted
- Goyal Associates is a partnership firm having annual Turnover of ₹ 3.5 crores as firm fails to get its accounts audited under section 44AB. The Assessing Officer levied penalty und
- Communication Ltd, a telecome service provider, had filed income tax returns for various assessment years claiming refund of income tax. Returns were filed within the time framed p
- During the search proceedings of Mr. Meet, the AO find out that the income of Mr. Meet for the AY 2020-21 has escaped assessment to the tune of ₹ 50 Lakhs. The AO send the notice u
- Ms. Shilpi, aged 28 years, furnishes the following information for the Financial Year 2025-26: Particulars Amount in ₹ Loss from speculation Business-X 85,000 Profit from Speculati
- State the consequences that would follow if the Assessing Officer makes adjustment to the arm's length price in international transactions of the assessee resulting in increase in
- Vimal (P) Ltd. is a resident Indian company having registered office in Kota. On 1st April, 2024 it borrowed a sum of ₹ 22 crores from a company ZEENA Ltd. incorporated in UK, whic
- Explain in brief whether in the following independent cases, will GAAR provisions apply. (i) If arrangement is sanctioned by an authority such as Court, NCLT or is in accordance wi
- Explain in brief whether in the following independent cases, will GAAR provisions apply. (ii) A fund claims treaty benefits in respect of gains from derivatives in one year and in
- Explain in brief whether in the following independent cases, will GAAR provisions apply. (iii) Aman Ltd. is an Indian Company. It sets up a unit in a SEZ for manufacturing of Cemen
- Explain in brief whether in the following independent cases, will GAAR provisions apply. (iv) BDX Ltd. has 2 manufacturing units, one which produces certain goods in a non SEZ area
- Explain in brief whether in the following independent cases, will GAAR provisions apply. (v) Foreign Portfolio Investors (FPIs) is based in a tax friendly jurisdiction for non-tax
- As per Rule 10 C of the Indian Income Tax Rules 1962, what factors shall be taken into account while selecting the most appropriate Transfer Pricing Method?
- Canada Ltd., a Canadian company has a subsidiary, Maharana Ltd. in India. Canada Ltd. sells computer monitors to Maharana Ltd. for resale in India. It also sells computer monitors
- Ashok aged 54 years, is a salaried employee with TMS Limited. He has furnished the following details for the PY 2025-26: S.No. Particulars Amount in ₹ 1. Gross Salary 18,00,000 2.
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