CS Professional Advanced Tax Laws and Practice PYQ December 2021: Question Paper and Available Answers
CS Professional
Advanced Tax Laws and Practice
PYQS Series
December 2021
41 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 2021). Open the source paper and available answers. Older sessions follow the syllabus and statutory provisions applicable to their examination year.
Indexed questions
- Anil, aged 82 years is a retired Govt. Servant and a resident of Delhi, for the previous financial year 2020-21 his income during the year from different sources is as under : 1. P
- Veena has a house property acquired on 15th Nov, 1999 for ₹4,80,000. She incurred improvement expenditure on such property ₹80,000 on 19th Sep., 2000 and ₹50,000 on 18th July, 2012
- With reference to the Circular No. 29 dated 2nd October 2019 regarding clarification in respect of option under section 115BAA of the Income Tax Act, 1961 inserted through the Taxa
- With reference to the Circular No. 29 dated 2nd October 2019 regarding clarification in respect of option under section 115BAA of the Income Tax Act, 1961 inserted through the Taxa
- JKPS Ltd. is an Indian company, which sets up a new manufacturing unit. It incurs the following expenditure in connection with the manufacturing unit: Particulars Amount (₹) Prepar
- State with reasons as per the provisions of Income Tax Act, 1961, if following transactions are useful for the purpose of Tax Planning: (i) Puneet purchased an electric vehicle on
- State with reasons as per the provisions of Income Tax Act, 1961, if following transactions are useful for the purpose of Tax Planning: (ii) Vasudevan sold his only residential hou
- What is the penalty if any person fails to furnish information or document of transfer pricing as per Section 271G of Income Tax Act, 1961?
- Who is Transfer Pricing Officer (TPO)? Can TPO amend any order passed by him regarding rectification of Arm's Length Price?
- The following incomes are derived by Pranshul an individual for the financial year ended 31st March, 2021: Particulars Amount (₹) Agriculture income from Lands in Tanzania 3,50,000
- Explain the followings with reference to the provisions of Advance Ruling u/s 245 of the Income Tax Act, 1961: (a) Kiran a non-resident filed an application for advanced ruling on
- Explain the followings with reference to the provisions of Advance Ruling u/s 245 of the Income Tax Act, 1961: (b) Sumit a non-resident is willing to file an application for advanc
- Explain the followings with reference to the provisions of Advance Ruling u/s 245 of the Income Tax Act, 1961: (c) Narayan a resident assessee claims that the advanced ruling sough
- Explain the followings with reference to the provisions of Advance Ruling u/s 245 of the Income Tax Act, 1961: (d) Kaka a non-resident is going to undertake a transaction with a re
- Explain the provisions relating to presumptive taxation scheme for assesses engaged in eligible professionals u/s 44 ADA of the Income Tax Act, 1961.
- KK Ltd. is in the business of manufacturing of freezing components for domestic market at Jaipur. During the month of December 2020, it has acquired the following: Sr. No. Particul
- X Ltd. supplies a generator set to Y Ltd. in the Intra-state supply, provides the following information: Sr. No. Particulars Amount in ₹ (1) Price of generator set 8,70,000 (2) Ins
- Jitender, an Indian resident, aged 45 years, returned to India on 18th Dec., 2020 after visiting Australia for 7 days. He brought the following goods with him: Sr. No. Particulars
- 'M' booked a banquet hall on 5th July, 2020 for an agreed sum of ₹25,000 and paid an advance of ₹6,000 on that date. Function held in the banquet hall on 14th August, 2020. Thereaf
- Whether a person having multiple business verticals in a state can obtain different registrations under GST Law?
- Anil, a registered dealer running its business smoothly but due to pandemic there was no purchase and sale in the month of December 2020, he is willing to file his GST returns by a
- Determine the place of supply in the following cases according to the provisions under IGST Act, 2017: (i) Salman Khan of Delhi purchased a Residential plot in France. He hires Mum
- Determine the place of supply in the following cases according to the provisions under IGST Act, 2017: (ii) Raj provided training and development to the employees of ABC a firm whi
- Determine the place of supply in the following cases according to the provisions under IGST Act, 2017: (iii) Rajiv, a bank manager, is transferred from Agra (UP) to Pune (Maharasht
- Determine the place of supply in the following cases according to the provisions under IGST Act, 2017: (iv) Golden Events, an event management company at Noida (UP), organised a Cu
- Determine the place of supply in the following cases according to the provisions under IGST Act, 2017: (v) Mr. Sharma travelling from Delhi to Chennai in a flight. He desired to wa
- What are the circumstances under which GST registration may be cancelled by the proper officer u/s 29(2) of CGST Act, 2017?
- Define the powers of proper officer for passing Best Judgment Assessment u/s. 62 of CGST Act, 2017. What is the time limit of passing such orders and what are the circumstances of
- An importer, imports some luxury items and deposited the same in a warehouse on 1st September, 2019, due to lack of demand, he applies for extension of warehousing period and depar
- Who are the ineligible persons to opt alternative composition scheme in GST vide Notification No. 2/2019-CT, dated 7th Mar, 2019.
- Examine and comment on the following issues with reference to the CGST Act, 2017 and Circular No. 71/218-CGST, dated 26th Oct., 2018. (a) Is the amount required to be deposited as
- Examine and comment on the following issues with reference to the CGST Act, 2017 and Circular No. 71/218-CGST, dated 26th Oct., 2018. (b) Manoj, an Exhibitionist from Gujarat, is r
- William a US citizen comes to India on 16th Nov, 2020 on tourist visa, and returning to USA after five months on 15th April, 2021. He purchased some goods in India on which he had
- A Consigner is to move goods from the Kochi (Kerala) to Noida (UP). He appoints transporter X for the movement of the goods. Transporter X moves the goods from Kochi to Bhopal (Mad
- What is the description, frequency (monthly/quarterly/half yearly/annually) and due date for filling the following GSTR: (i) GSTR-5
- What is the description, frequency (monthly/quarterly/half yearly/annually) and due date for filling the following GSTR: (ii) GSTR-6
- What is the description, frequency (monthly/quarterly/half yearly/annually) and due date for filling the following GSTR: (iii) GSTR-8
- A registered person who has paid central tax and state tax or UT tax, as the case may be, on a transaction considered by him to be an intra-state supply, but which is subsequently
- Briefly explain the power to search suspected persons in certain other cases under section 101 Customs Act, 1962.
- MT Ltd. imported an automated machine by ship, from USA in January, 2021. The details in this regards are as under: (i) Cost of machine at the factory of the exporter: USD 10,000 (
- Bajaj & Sons has a warehouse in the state of Gujarat. The turnover is more than ₹40 lakh and Bajaj & Sons has taken GST registration from Gujarat. From the following information gi
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