CS Professional Advanced Tax Laws and Practice PYQ June 2014: Question Paper and Available Answers
CS Professional
Advanced Tax Laws and Practice
PYQS Series
June 2014
32 Questions Indexed
ICSI Examination Archive & Suggested Answers: This directory contains indexed questions from the paper for CS Professional Advanced Tax Laws and Practice PYQS (June 2014). Open the source paper and available answers. Older sessions follow the syllabus and statutory provisions applicable to their examination year.
Indexed questions
- A Ltd. wants to acquire a machine on 1st April, 2013. It will cost ₹60 lakh. It is expected to have a useful life of 5 years. Scrap value will be ₹10,000. If the machine is purchas
- In relation to the Authority for Advance Ruling (AAR), state in brief what is meant by advance ruling.
- In relation to the Authority for Advance Ruling (AAR), state in brief what is the composition of AAR.
- In relation to the Authority for Advance Ruling (AAR), state in brief who is an applicant.
- A CEO of an unlisted public company approached you with a proposal to convert the company into a Limited Liability Partnership (LLP) without attracting any liability towards capita
- A corporate assessee, who inadvertently failed to claim deduction under section 80IB during the initial years, cannot claim deduction under the said section for the remaining years
- Whether MAT credit admissible under section 115JAA has to be set-off against the assessed tax payable before calculating interest under sections 234A, 234B and 234C.
- Discuss the provisions regulating determination of fair market value of ESOPs.
- The aggregate value of clearances by Rama Ltd. during the financial year 2013-14 is ₹960 lakh. Determine the amount of CENVAT credit available to Rama Ltd. in respect of the follow
- JAM Ltd., a unit manufacturing goods eligible for exemption under SSI Scheme has furnished the under mentioned particulars : (in crore) Turnover during 2012-13 ₹17.40 crores, which
- Referring to the particulars of JAM Ltd. provided in Q.3(b)(i), what would be duty liability of the assessee if he does not avail SSI exemption ?
- SM Ltd. imported a machine at FOB value of ₹34,00,000. This sum includes ₹4,00,000 attributable to post-importation activities to be called by the seller. SM Ltd. had supplied raw
- Kotecha Coaching Centre, engaged in imparting coaching service, furnishes the under mentioned information and amounts received by it for the half-year ended 31st March 2013: Coachi
- GB Co. furnishes the following information : Raw material purchased ₹10,00,000 plus VAT @ 4% Manufacturing expenses (non-capital nature) ₹4,00,000. Sales price ₹16,00,000 plus VAT
- Referring to the information of GB Co. provided in Q.3(e)(i), state which variant is beneficial to the dealer ?
- Zen Engineering Ltd. manufactures various types of flexible packaging machines known as form, fill and seal machines. Machines are made to order as all the dimensions of packaging/
- Joy Impex imported capital goods for setting-up a sugar plant. The capital goods were warehoused under bond and the warehousing period was to expire on 30 th September, 2013. The p
- Surface Engineers manufacture and supply centralised lubrication system. They also undertake erection and commissioning at the site as a part of their business activity. Surface En
- Discuss emergency power of Central Government to increase the rate of central excise duty.
- Mention the categories of persons who can be searched by the proper officer of customs under section 100 of the Customs Act, 1962.
- Mention the services excluded from the definition of 'service' under section 65B(44) of the Finance Act, 2012.
- Distinguish between 'non-excisable goods' and 'nil' rated goods.
- Mention briefly Rule 5 of general rules for the interpretation of Schedule to the Central Excise Tariff Act, 1985.
- Discuss briefly the provisions for imposition of penalty on director of a company for offences committed by the company in relation to service tax.
- Distinguish between 'transit' and 'transhipment' of goods under the Customs Act, 1962.
- Bring out the distinction between 'rules' and 'regulations' under the Customs Act, 1962.
- Write a brief note on 'goods and service tax' (GST).
- Mention the products which are proposed to be outside the purview of GST.
- Write a note on 'registration under VAT'.
- Mention briefly the different methods for computation of VAT.
- Mention the basic rule of place of provision of services as per Rule 3 of the Place of Provision of Services Rules, 2012.
- Dharam, a resident of Srinagar is planning to construct a house in New Delhi. He got the architectural drawings made from one renowned architect, Masood, who is a resident in Jammu
How to Prepare for CS Professional Advanced Tax Laws and Practice
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.