CS Professional Advanced Tax Laws and Practice PYQ December 2019: Question Paper and Available Answers

CS Professional Advanced Tax Laws and Practice PYQS Series December 2019 40 Questions Indexed

ICSI Examination Archive & Suggested Answers: This directory contains indexed questions from the paper for CS Professional Advanced Tax Laws and Practice 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

JC & Co., a partnership firm, constituted by two partners Arun and Barun, reports a net profit of ₹10,00,000 before deduction of the following items for the previous year ended 31s
Hariharan & family, an HUF, owns a property which has been let out to the partnership firm "Trade n Trade" carrying on business. Hariharan & family, HUF is a partner in the firm Tr
State with brief reasons as per provisions of the Income-tax Act, 1961, whether the return of income is required to be filed in each of the following independent cases for the Asse
State with brief reasons as per provisions of the Income-tax Act, 1961, whether the return of income is required to be filed in each of the following independent cases for the Asse
What is the role of Transfer Pricing Officer in the matter of reference made by the Assessing Officer u/s 92CA of the Income-tax Act, 1961?
Is it possible for the Assessing Officer to pass assessment order without considering Arm's Length Price determined by the Transfer Pricing Officer?
The Assessing Officer is empowered to make an assessment for any year, to the best of his judgement in certain situations, subject to certain conditions. Narrate the said situation
Mr. Purushothama, who has been having a turnover of more than 4 crores during the last few years, has utilised the services of an engineer on turn key basis for construction of a f
State with reason, whether the following acts can be considered as an act of Tax Planning, Tax Management, Tax Avoidance or Tax Evasion : (a) Starting business in an industrially b
State with reason, whether the following acts can be considered as an act of Tax Planning, Tax Management, Tax Avoidance or Tax Evasion : (b) Transferring of assets to another pers
State with reason, whether the following acts can be considered as an act of Tax Planning, Tax Management, Tax Avoidance or Tax Evasion : (c) Installation of Air Conditioner costin
State with reason, whether the following acts can be considered as an act of Tax Planning, Tax Management, Tax Avoidance or Tax Evasion : (d) Mr. D is a working partner in a firm a
State with reason, whether the following acts can be considered as an act of Tax Planning, Tax Management, Tax Avoidance or Tax Evasion : (e) X & Y Ltd. maintains adequate records
Rule 10MA(2)(i) of the Income-tax Rules, 1962 postulates that the rollback provision in the context of transfer pricing shall apply in respect of an international transaction that
Explain the provisions of the Income-tax Act, 1961 relating to applicability of Alternative Minimum Tax (AMT), tax credit for AMT, set off and carry forward of AMT.
Explain with reference to the provisions of the CGST Act, 2017 whether the following transaction of services provided by different persons shall be subject to levy of GST: (i) Gove
Explain with reference to the provisions of the CGST Act, 2017 whether the following transaction of services provided by different persons shall be subject to levy of GST: (ii) Jai
Explain with reference to the provisions of the CGST Act, 2017 whether the following transaction of services provided by different persons shall be subject to levy of GST: (iii) XY
Explain the following terms in the context and with reference to the provisions contained under the CGST Act, 2017: (i) "Aggregate Turnover" and how the same has to be computed.
Explain the following terms in the context and with reference to the provisions contained under the CGST Act, 2017: (ii) Casual Taxable Person.
Samode Charitable Trust, registered under section 12AA of the Income-tax Act, 1961, furnishes the following details of its income/receipts with respect to the activities undertaken
Mr. Mayank Kohli, a famous cricketer, furnishes you with the following information and particulars of his various receipts/income for the month of March, 2019 : Particulars Amount
Raj Bihari Ltd., an importer of goods, had filed a bill of entry after 60 days of filing of the Import General Manifest. The Deputy Commissioner of Customs imposed a penalty of ₹10
Explain the provisions of the CGST Act, 2017 relating to issuance of Credit Note in the context of CGST. What is its impact on GST liability in this regard?
Sun & Moon Ltd. sent a consignment of manufactured goods by a ship from Mumbai to London. The company has paid export duty and GST on the components used in manufacture. A duty dra
Ganesh, a registered person, has received the supply of services from non-taxable territory. Accordingly the tax is liable to be paid by the recipient on reverse charge basis. Gane
Briefly explain power to search suspected person entering or leaving India under Section 100 of the Customs Act, 1962.
Briefly explain whether the following persons are liable for registration as per the provisions of the CGST Act, 2017: (a) Sachin, an exclusive supplier of Non-taxable goods only.
Briefly explain whether the following persons are liable for registration as per the provisions of the CGST Act, 2017: (b) Person making inter-State taxable supply aggregating ₹8,0
Briefly explain whether the following persons are liable for registration as per the provisions of the CGST Act, 2017: (c) Where the tax on the goods dealt with are payable on reve
Briefly explain whether the following persons are liable for registration as per the provisions of the CGST Act, 2017: (d) Jagdish, an individual, who undertakes cultivation of lan
Briefly explain whether the following persons are liable for registration as per the provisions of the CGST Act, 2017: (e) Ranjan, a trader is coming to Mumbai from Bangalore for a
Mr. Abinash has received net amount of ₹3,24,000 (after TDS) from Voygers Ltd. on 5th February, 2019 for taxable service rendered in the month of January, 2019. The net payment is
State the conditions to be satisfied for refund of export duty paid, as per the provisions of the Customs Act, 1962.
Briefly explain the provisions of section 122 of the Customs Act, 1962 relating to adjudication of confiscations and penalties.
State the rate of tax for collection of tax at source applicable to electronic commerce operator under CGST Act, under SGST Act and under IGST Act, 2017. Also specify when and on w
Determine by giving brief reason the Time of Supply (TOS) in each of the following independent cases, in accordance with the provisions of section 12 of the CGST Act, 2017, where s
State the provision and also the amount of pre-deposit required to be made by a registered supplier to file an appeal against the order in each of the following independent cases u
State the provision and also the amount of pre-deposit required to be made by a registered supplier to file an appeal against the order in each of the following independent cases u
Sakshitha Dancers, owned by Mrs. Lasliya, a famous Bharata Natyam dancer, wishes to organise a 'Lasliya Dance Concert' in Chandigarh (Haryana). Sakshitha Dancers is registered in J

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