CS Professional Advanced Tax Laws and Practice PYQ June 2019: Question Paper and Available Answers
CS Professional
Advanced Tax Laws and Practice
PYQS Series
June 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 (June 2019). Open the source paper and available answers. Older sessions follow the syllabus and statutory provisions applicable to their examination year.
Indexed questions
- Miss, Nargis, purchased a residential house property in Jaipur for ₹1,20,000 on 15th May, 1975. She further incurred expenses on additions/alteration and modification in respect of
- The control and management of the business done by Siddharth-HUF is located in London and all policy decisions are being taken therefrom. Mr. Siddharth, the karta of the HUF, born
- Explain with brief reasons as per provisions contained under the Income-tax Act, 1961, whether the interest of ₹5,00,000 paid to Mr. John, a non-resident (resident of UK) in the mo
- Kwatra, a non-resident, made an application to the Authority for Advance Rulings (AAR) on 2nd July, 2018 in relation to a transaction proposed to be undertaken by him. He decided o
- When can an advance ruling pronounced by the Authority for Advance Rulings be declared to be void ?
- Explain with brief reason as to allowability as per the provisions of the Income-tax Act, 1961 of the following payments made during the year while computing income from business o
- Tax of ₹25,000 paid on the non-monetary perquisite provided to the employees by Hotel Samode Palace.
- Salary payment of ₹2,00,000 made outside India by XYZ Ltd., an Indian company, to Ram without deduction of tax at source.
- Explain the term "Advance Pricing Agreement" as specified under section 92CC of the Income-tax Act, 1961. State the purpose and validity of the same. Who are bound by Advance Prici
- Mr. Pankaj, a resident, aged 58, neither working as a salaried employee, nor doing any business or carrying on any profession, had the following receipts during the P.Y. 2018-19: P
- Explain by giving brief reasons, whether the following statements are true or false, with regard to the provisions contained in Income-tax Act, 1961: (a) Payment made through a che
- It is a mandatory condition to write off the amount due from debtor in the books of accounts to claim deduction thereof as bad debt.
- Failure to deduct tax at source in accordance with the provisions of Chapter XVII-B from the amounts payable to a resident as rent or royalty will not result in disallowance of the
- Mr. Ramesh, a non-resident Indian acquired/purchased shares of a company XYZ Ltd. in foreign currency on 1st Jan., 2008 for ₹10,00,000. These shares were sold by him in the recogni
- Compute the book profit of company A Ltd. using the following summarised details of profit and loss account for the year ended 31st March, 2019: Sl. No. Particulars Debit side (in
- Examine the following independent transactions/activities in accordance with the provisions contained under in the CGST Act, 2017 and state in brief whether the same constitute "Su
- Asha got a LED TV of 52 inches from Sony Electronics Stores in exchange, for her old 52 inches TV.
- M/s Bharat Electronics disposed scrap part of its electric unit to a scrap dealer in the normal course of business.
- Mr. Babu Lal borrows an amount of ₹1,50,000 from one of his relatives Mr. Shyam Lal and agrees to repay the entire amount of ₹1,50,000 after a year.
- M/s Raj Enterprises applied for a loan from State Bank of India against which loan processing fees and interest are charged by the bank.
- From the following information, compute the SGST/CGST/IGST payable for the month of April, 2018: Amount (₹) (1) Sales of mixers of grinders within the State (taxable value) 2,20,00
- Harry has rented his building consisting of ground floor, first and second floors. The building is located in a residential complex. The ground floor is rented out for the purpose
- Compute the total customs duties and integrated tax payable based on the following information: Sl. No. Particulars US $ (i) FOB value of solar cells 1,000 (ii) Freight from the ex
- PQR Ltd., of Mumbai having its business activities spread over different places/ locations in India provides the following particulars/details of its GST liabilities for the quarte
- GP Scraps, imported during August 2018, by sea, a consignment of metal scrap weighing 8,000 M.T. from China and filed a bill of entry for home consumption. The Assistant Commission
- Anand Nursery engaged in agricultural related services provides the following details of the transactions for the month of December, 2018: S. No. Particulars Amount (in lakhs) (1)
- You are required to determine in the context of the provisions contained in the CGST Act, 2017 whether the company ABC Pvt. Ltd., incorporated in Karnataka is liable to be register
- Explain the provisions for claiming duty drawback and also ascertain whether the exporter is entitled to duty drawback in the following independent cases and if yes, state the amou
- FOB value of 2,000 kgs. of goods exported is ₹2,00,000. Rate of duty drawback on such export is ₹30 per kg. The market price of goods is of ₹50,000 in the wholesale market.
- Venus Bakery Products Ltd. is doing business of manufacturing and selling of different types of Cakes, Pastries, Biscuits, Cookies and other bakery products through a network of de
- When can an appeal be filed to the Appellate Tribunal under the Customs Act, 1962 as per section 129-A? State also matters for which the Appellate Tribunal does not hold jurisdicti
- Sugandha Enterprises, dealers of Watches, Leather goods and other items is supplying a Kit containing a piece of Watch, a Wallet and a Pen bundled as a Combo Pack for ₹12,500. The
- There are separate valuation provisions for goods and services under the CGST, SGST and IGST provisions. Examine the correctness of this statement.
- State briefly the provisions of refund of anti-dumping duty with reference to section 9AA of the Customs Tariff Act, 1975.
- Ravi Pratap imported certain goods from U.S., for which a bill of entry was presented on 28th Nov., 2018 to the Custom Authorities. The assessable value of consignment was 2,00,000
- Explain by giving brief reasons in the context of provisions contained under the CGST Act, 2017 pertaining to composition scheme : (i) Can a registered person, who purchases goods
- Can a person paying tax under the Composition Scheme issue a tax invoice under GST?
- Can a person who has opted to pay tax under the Composition Scheme avail Input Tax Credit on his inward supplies?
- Govinda Exports, a partnership firm, is registered under GST in the State of Gujarat. The firm exports goods without payment of tax under letter of undertaking in accordance with t
- Vivitha Chemicals Ltd. is a manufacturing company registered under GST in the State of Tamil Nadu. It manufactures two taxable products "Supreme" and "Maroon", and one exempt produ
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.