CS Professional Advanced Tax Laws PYQ December 2024: Question Paper and Available Answers

CS Professional Advanced Tax Laws PYQS Series December 2024 38 Questions Indexed

ICSI Examination Archive & Suggested Answers: This directory contains indexed questions from the paper for CS Professional Advanced Tax Laws PYQS (December 2024). 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

Vineet Enterprises, registered under GST law in Delhi, is engaged in supply of various goods and services exclusively to Government departments, agencies etc. and persons notified
Gold Life Insurance Company Limited has collected premium from policy subscribers. It does not intimate the amount allocated for investment to subscribers of the policy at the time
Kumbhat Farms Pvt. Ltd. (KFPL), registered under the normal GST provisions, furnishes the following details of various outward supplies related to the month of January, 2024: S. No
GST Audit by tax Authorities can be done under section 65 of CGST Act, 2017 read with rule 101 of CGST Rule 2017. Write a brief note on the salient features of such audit.
Shyam Ltd., a registered person, is engaged in the business of spices. It provides following details in relation to GST paid on inward supplies procured by it during the month of M
Determine place of supply (with correct legal provision) under the following independent cases having regard to the provision of the GST Law: (i) Ram, registered in Bengaluru has a
Ganga Polymer Limited (GPL), registered under normal GST provisions in the State of Kerala, instructed local transporter M/s Bharat Transporters to deliver certain taxable goods to
Enumerate the various aspects for which Advance Ruling can be sought under GST law. Also discuss whether Mr. L who is a registered supplier in Kerala can seek advance ruling from t
Mahaveer Cosmetics Limited has multiple wholesale outlets of cosmetic products in Mumbai, Maharashtra. It receives an order for cosmetics worth ₹ 1,20,000 (inclusive of GST leviabl
Classic Merchant Private Limited is engaged in a procured business in Kota. He has furnished the following items procured by them in the month of February 2024: S. No. Particular G
Find out the Time of Supply for the purpose of payment of tax in each of the following independent cases of forward charges basis in accordance with provisions of CGST Act, 2017: S
When can provisional refund be granted under GST law. Also explain the procedure for grant of provisional refund.
Secure Private Limited, a registered supplier has made following taxable supplies to its customer Rajesh in the quarter ending 30th June, 2024: Date Invoice No. Particulars Invoice
Padma Enterprises is entitled for exemption from tax under GST law. However, it collected tax from its buyers worth ₹ 60,000 in the month of May, 2024. It has not deposited the sai
Long Life Hospital, Gurgaon has its own restaurant in the basement of hospital premises "Annapurna Bhawan", which supplies food to its in-patients (patients admitted in the hospita
Explain the recourse that may be taken by the officer in case proper explanation is not furnished for the discrepancy detected in the return filed, while conducting scrutiny of ret
Meze Restaurant (A unit of Anand Private Limited) has opted for composition scheme in the current financial year 2024-25. Explain the records which are not to be maintained by a su
Rajat Pvt. Ltd. have imported a machine from U.K. and furnished following particulars in relation to such import: S. No. Particulars Amount (i) F.O.B. cost of the machine 20,000 U.
Briefly explain the following with reference to the provisions of the Customs Act, 1962: (i) Remission of duty on imported goods lost
Briefly explain the following with reference to the provisions of the Customs Act, 1962: (ii) Special exemption and General exemption.
Mrs. Vasudha purchased a residential house from her friend on 12th May, 2023 for ₹ 45 lakh. The stamp duty valuation of the house on this date was ₹ 52 lakh. She sold this house pr
Sunshine Limited charged depreciation on its fixed assets at the rates specified in the Income Tax Rules in its accounts consistently. The assessing officer of Income Tax disallowe
Explain the meaning of the term "International transaction", as envisaged by section 92B of the Income-tax Act, 1961, in the context of transfer pricing provisions.
What is the legislative objective of bringing into existence the provisions relating to transfer pricing in relation to International transactions ? Discuss.
Kandhari Seeds Pvt. Ltd., has credited the following amounts in the books as share application amount : S.No. Name Residential Status Amount (₹) 1. A Resident 5 lakh 2. B Resident
Chirag, aged 51 years, a resident individual furnishes the following particulars of income earned by him in India and Country PQR for the previous year 2023-24. India does not have
In the context of tax treaties, what is the need for Mutual Agreement Procedure (MAP)? Outline the steps involved in MAP application process.
Tippu Yarns Ltd. (TYL), is an Indian company, engaged in numerous activities, including international transactions, during the financial year 2023-24. During the year, it sold to E
Miles Inc., a company incorporated in US, is engaged in development of infrastructure and providing consultancy in the same field. During the Financial Year 2023-24, its shareholde
In respect of the following transactions undertaken by a taxpayer during the Financial Year 2023-24, state whether they are instances of tax planning, tax management or tax evasion
In respect of the following transactions undertaken by a taxpayer during the Financial Year 2023-24, state whether they are instances of tax planning, tax management or tax evasion
In respect of the following transactions undertaken by a taxpayer during the Financial Year 2023-24, state whether they are instances of tax planning, tax management or tax evasion
In respect of the following transactions undertaken by a taxpayer during the Financial Year 2023-24, state whether they are instances of tax planning, tax management or tax evasion
In respect of the following transactions undertaken by a taxpayer during the Financial Year 2023-24, state whether they are instances of tax planning, tax management or tax evasion
Explain in brief the meaning assigned to the following terms in the context of provisions contained under the International Taxation : (a) Comparable Uncontrolled Transaction
Explain in brief the meaning assigned to the following terms in the context of provisions contained under the International Taxation : (b) Tax Information Exchange Agreement
Explain in brief the meaning assigned to the following terms in the context of provisions contained under the International Taxation : (c) Controlled Foreign Company
Explain in brief the meaning assigned to the following terms in the context of provisions contained under the International Taxation : (d) Border Tax Adjustments (BTAs).

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