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    Nov-2023 Cz45a

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    jayasankark1969

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    Nov-2023 Cz45a

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    jayasankark1969
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    NOV-2023_CZ45A

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    35 views8 pages

    Nov-2023 Cz45a

    Uploaded by

    jayasankark1969

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    © All Rights Reserved
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    of 8

    NOVEMBER 2023 62551/CZ45A/BS45A/

    CA25A/AY25D

    Time : Three hours Maximum : 75 marks

    PART A — (10 × 2 = 20 marks)

    Answer any TEN questions.

    1. Who is an Assessee?
    Á› ö\¾zx£Áº GߣÁº ¯õº?

    2. Identify the residential status of a Partnership firm.


    Tmhõsø© {ÖÁÚzvß Á]¨¤h {ø»ø¯ Aøh¯õÍ®
    PõnÄ®.

    3. What is the rate of Income tax chargeable to super senior citizen


    for the AY 2022-23?
    Á›Âv¨£õsk 2022-23US ªP ‰zu Si©UPÐUPõÚ
    Á`¼UPUTi¯ Á¸©õÚ Á› Ãu® GßÚ?

    4. What is meant by Allowance?


    “£i” Gߣuß ö£õ¸Ò ¯õx?

    5. Compute the basic salary of Mr. Ramu from the following :


    Rs.
    Salary received 18,000
    TDS 2,000
    Own contribution to RPF 3,000
    RÌUPshøÁPμ¸¢x v¸. Cμõ® GߣÁ›ß Ai¨£øha
    \®£ÍzøuU PnUQhÄ®.
    ¹.
    \®£Í® ö£ØÓx 18,000

    ‰»zvÀ Á› ¤izu® ö\´ux 2,000


    A[RP›UP¨£mh ÷\© |» {vUS
    £[PΨ¦ ö\´ux 3,000
    6. State any two fully exempted allowances.
    •ÊÁx©õP Á›Â»US AÎUP¨£mh £iPÒ H÷uÝ®
    CμsiøÚU SÔ¨¤hÄ®.

    7. What is meant by Fair Rental Value?


    {¯õ¯ ÁõhøP ©v¨¦ Gߣuß ö£õ¸Ò ¯õx?

    8. From the following, find the Expected Rental Value :


    MRV Rs.1,08,000
    FRV Rs.1,20,000
    SR Rs.1,22,000
    RÌPshøÁPμ¸¢x Gvº£õºUP¨£kQÓ ÁõhøP ©v¨ø£U
    Psk¤iUPÄ® :
    |Pμõm] ÁõhøP ©v¨¦ ¹.1,08,000
    {¯õ¯©õÚ ÁõhøP ©v¨¦ ¹.1,20,000
    {ø»¯õÚ ÁõhøP ©v¨¦ ¹.1,22,000

    9. Determine the amount of deductions available for the following :


    (a) Contribution made to a college for Scientific Research
    Rs.75,000
    (b) Patents acquired on 31st October 2018 for Rs.40,000
    RÌUPshøÁPÐUS QøhUP¨ö£Ö® PÈÄPÎß öuõøPø¯
    wº©õÛUPÄ® :
    (A) AÔ¯À Bμõ´a]UPõP PÀ¿›US £[PΨ¦ ö\´ux
    ¹.75,000 BS®
    (B) 31 AU÷hõ£º 2018 AßÖ Áõ[P¨£mh Põ¨¦›ø© ¹.40,000
    BS®.

    10. What is meant by Profession?


    “öuõÈÀ” Gߣuß ö£õ¸Ò ¯õx?

    11. What is meant by E-filing?


    ªßÚq – Á› uõUPÀ Gߣuß ö£õ¸Ò ¯õx?

    12. Expand the term “TRACES”.


    “TRACES” GßÓ £uzvøÚ Â›ÁõUP® ö\´¯Ä®.
    2 62551/CZ45A/BS45A/
    CA25A/AY25D
    PART B — (5 × 5 = 25 marks)

    Answer any FIVE questions.

    13. Mr. Desik was born in India in the year 2001. From 2011 to
    2017, he was in Cambodia, from 2017 to 31st March 2021, he was
    in Australia. On 1st April 2021 he came to India and stayed till
    31st January 2022. Identify his residential status for the
    AY 2022-2023.
    v¸. ÷u]U GߣÁº 2001&® BsiÀ C¢v¯õÂÀ ¤Ó¢uõº.
    2011&® Bsk •uÀ 2017&® Bsk Áøμ P®÷£õi¯õÂÀ AÁº
    C¸¢uõº. 2017 •uÀ 2021, ©õºa 31 Áøμ Bìv÷μ¼¯õÂÀ
    C¸¢uõº. H¨μÀ 1, 2021 AßÖ C¢v¯õÂØS Á¢x 31 áÚÁ›
    2022 Áøμ u[Q°¸¢uõº. Á›Âv¨£õsk 2022-2023US AÁ›ß
    Si°¸¨¦ {ø»ø¯U PnUQhÄ®.

    14. What are the exceptions to the Rule of Previous year?


    •¢øu¯ Bsk Âv°ß Âv»USPÒ GßöÚßÚ?

    15. Mr. Bhadri is employed in Chennai and resides in his own


    house. He gets Rs.8,000 per month as salary Rs.4,450 per month
    as D.A. (forming part) and Rs.3,450 per month as HRA. Find out
    the taxable portion of HRA.
    v¸. £z› GߣÁº ö\ßøÚ°À ÷Áø» ö\´QÓõº ©ØÖ® AÁ›ß
    ö\õ¢u Ãmi÷»÷¯ u[Q²® EÒÍõº. AÁº \®£Í©õP ©õu®
    JßÖUS ¹.8,000 ö£ÖQÓõº, APÂø»¨£i¯õP (\®£ÍzvÀ
    AhUP®) ©õu® JßÖUS ¹.4,450 ö£ÖQÓõº. ÷©¾®, Ãmk
    ÁõhøP¨£i¯õP ©õu® JßÖUS ¹.3,450 ö£ÖQÓõº. AÁ›ß Á›
    £SvUS›¯ Ãmk ÁõhøP¨ £iø¯U Psk¤iUPÄ®.

    16. Mr. Ezhumalai retired on 27.07.2021 after completing 27 years


    7 months of service and received Rs.5,00,000 as gratuity from
    his employer. He is covered under the payment of Gratuity Act.
    At the time of his retirement, salary would be as follows :
    Basic pay Rs.12,000 p.m. ; D.A Rs.7,500 p.m. ; Commission on
    Turnover Rs.50,000 p.a.
    Find out his taxable gratuity.
    v¸. HÊ©ø» GߣÁº 27 Á¸h[PÒ ©ØÖ® 7 ©õu[PÒ £o
    ö\´x 27.07.2021 AßÖ K´Ä ö£ÖQÓõº. ©ØÖ® AÁ›ß
    •u»õΰhª¸¢x £oU öPõøh¯õP ¹.5,00,000 ö£ØÓõº. AÁº
    £oUöPõøh ö\¾zxuÀ \mhzvÀ Em£kQÓõº. AÁº K´Ä
    ö£Ö® ö£õÊx AÁ›ß \®£Í® RÌEÒÍÁõμõP C¸¢ux.

    3 62551/CZ45A/BS45A/
    CA25A/AY25D
    Ai¨£øha \®£Í® ©õu® JßÔØS ¹.12,000 BS®;
    APÂø»¨£i ©õu® JßÔØS ¹.7,500 BS®; ÂØ£øÚ°ß
    «uõÚ uμS J¸ Á¸hzvØS ¹.50,000 BS®.
    AÁ›ß Á› ö\¾zuzuUP £oUöPõøhø¯ Psk¤iUPÄ®.

    17. From the following, calculate Net Annual Value :

    Municipal Rental value Rs.28,000

    Fair Rental value Rs.34,000

    Standard Rent Rs.35,000

    Actual Rent Rs.3,000 per month

    Municipal tax paid by the tenant Rs.1,500.


    RÊÒÍøÁPμ¸¢x {Pμ Bsk ©v¨ø£U PnUQhÄ® :
    |Pμõm] ÁõhøP ©v¨¦ ¹.28,000
    {¯õ¯ ÁõhøP ©v¨¦ ¹.34,000
    {ø»¯õÚ ÁõhøP ¹.35,000
    Esø©¯õÚ ÁõhøP ¹.3,000 J¸ ©õuzvØS
    |Pμõm] Á› ¹.1,500 Ãmk ÁõhøPuõμμõÀ ö\¾zu¨£mhx.

    18. When Audit of accounts compulsory u/s 44 AB?

    ¤›Ä 44 AB°ß RÌ G¨ö£õÊx PnUQß uoUøP


    Pmhõ¯©õQÓx?

    19. State the uses of “PAN”.

    “{μ¢uμ PnUS Gsoß” £¯ßPøÍ SÔ¨¤kP.

    PART C — (3 × 10 = 30 marks)

    Answer any THREE questions.

    20. Explain the scope of Total Income of an Individual.


    uÛ |£º ö©õzu Á¸©õÚzvß Ãaö\Àø»PøÍ ÂÁ›UPÄ®.

    4 62551/CZ45A/BS45A/
    CA25A/AY25D
    21. Calculate Income from Salary of Mr. Thirumalai from the
    following information :

    (a) Basic salary per month Rs.12,000

    (b) D.A. (not forming part) per month Rs.6,000

    (c) Medical allowance per month Rs.80

    (d) Special allowance per month Rs.90

    (e) Bonus per annum Rs.8,000

    (f) Academic Research allowance per month Rs.100

    (g) Washing allowance per month Rs.200

    (h) Light and water charges paid by the employer per annum
    Rs.7,500

    (i) Salary of March 2021 received during the current


    PY Rs.12,350.

    RÌPsh uPÁÀPμ¸¢x v¸. v¸©ø» GߣÁ›ß \®£Í


    Á¸©õÚzøuU PnUQhÄ®
    (A) Ai¨£øha \®£Í® (J¸ ©õuzvØS) ¹.12,000
    (B) APÂø»¨£i (\®£ÍzvÀ Ah[Põux) J¸ ©õuzvØS
    ¹.6,000
    (C) ©¸zxÁ¨£i J¸ ©õuzvØS ¹.80
    (D) ]Ó¨¦¨£i J¸ ©õuzvØS ¹.90
    (E) FUP Fv¯® J¸ Á¸hzvØS ¹.8,000
    (F) PÀ Bμõ´a]¨£i J¸ ©õuzvØS ¹.100
    (G) \»øÁ¨£i J¸ ©õuzvØS ¹.200
    (H) J¸ Á¸hzvØPõÚ JÎ ©ØÖ® uspºU Pmhn®
    £o¯©ºzxÚμõÀ ö\¾zu¨£mhx ¹.7,500
    (I) ©õºa 2021 ® ©õuzvØS›¯ \®£Í® |h¨¦ •¢øu¯
    BsiÀ ö£Ó¨£mhx ¹.12,350. BS®.

    5 62551/CZ45A/BS45A/
    CA25A/AY25D
    22. Mr. Srinivasan owns a house which consists of two equal
    independent units. One is let out and the other one is self-
    occupied. The let out portion is also self occupied for two months.
    The other particulars are as follows :

    Fair Rental Value Rs.24,000

    Municipal Rental Value Rs.12,500

    Actual rent for the let out portion Rs.1,000 per month

    Local tax Rs.2,500

    Ground Rent Rs.300

    Interest on loan taken for construction Rs.2,500

    Determine income from house property.

    v¸. ÿ{Áõéß GߣÁ¸US Ãk EÒÍx Ax C¸ \©©õÚ


    ¤›ÄPÍõP ¤›UP¨£mkÒÍx. J¸ ¤›Ä ÁõhøPUS® ©ØöÓõ¸
    ¤›Ä ö\õ¢u E£÷¯õPzx©õP øÁzxU öPõÒͨ£mhx.
    ÁõhøPUS Âh¨£mh £Sv²® 2 ©õu[PÒ ö\õ¢u
    E£÷¯õPzxUPõP øÁzxU öPõÒͨ£mhx. ©ØÓ ÂÁμ[PÒ
    RÌÁ¸©õÖ :

    {¯õ¯©õÚ ÁõhøP ©v¨¦ ¹. 24,000

    |Pμõm] ÁõhøP ©v¨¦ ¹. 12,500

    ÁõhøPUS Âh¨£mh £Sv°ß Esø©¯õÚ ÁõhøP J¸


    ©õuzvØS ¹. 1,000

    EÒѺ Á› ¹. 2,500

    uμ ÁõhøP ¹. 300

    Ãk PmkÁuØPõP Phß Áõ[QÚvß «uõÚ Ámi ¹.2,500

    Ãmka ö\õzvß Á¸©õÚzøuU PnUQhÄ®.

    6 62551/CZ45A/BS45A/
    CA25A/AY25D
    23. Calculate Income from Profession from the following Receipts
    and Payments given by Mrs. Kokila.

    Receipts Rs. Payments Rs.


    To Balance b/d 1,20,000 By Car expenses 24,000
    To Fee from client By Office expenses 6,000
    2020-21 32,000 By Salary to staff 7,000
    2021-22 25,000 By Interest on loan 1,000
    2022-23 30,000 By Income tax 1,500
    To Presents from client’s 20,000 By Income tax penalty 600
    To Winning from lotteries 24,000 By Wealth tax 250
    By Purchase cost 5,000
    By Balance c/d 2,05,650
    2,51,000 2,51,000

    Notes :
    (a) Depreciation of Rs.2,500 is to be provided
    (b) Consider Rs.1,500 as opening stock and Rs.1,000 as closing
    stock
    (c) Car is 60% used for Official purposes
    (d) Income from other sources Rs.30,000.
    v¸©v. ÷PõQ»õ öPõkzxÒÍ ö£ÖuÀPÒ ©ØÖ®
    ö\¾zxuÀPμ¸¢x öuõÈÀ Á¸©õÚzøuU PnUQhÄ®
    ö£ÖuÀPÒ ¹. ö\¾zxuÀPÒ ¹.
    B쮣 C¸¨¦ R/öPõ 1,20,000 Fºva ö\»ÄPÒ 24,000
    ÁõiUøP¯õÍ›hª¸¢x A¾Á»Pa ö\»ÄPÒ 6,000
    Pmhn® A¾Á»PºPÐUSa \®£Í® 7,000
    2020-21 32,000 Phß «uõÚ Ámi 1,000
    2021-22 25,000 Á¸©õÚ Á› 1,500
    2022-23 30,000 Á¸©õÚ Á› A£μõu® 600
    ÁõiUøP¯õÍ›hª¸¢x ö\ÀÁ Á› 250
    AߣΨ¦ 20,000 öPõÒ•uÀ AhUP® 5,000
    £›_ ^mi¼¸¢x Á¸©õÚ® 24,000 CÖv C¸¨¦ ÷©/öPõ 2,05,650
    2,51,000 2,51,000

    7 62551/CZ45A/BS45A/
    CA25A/AY25D
    SÔ¨¦PÒ :
    (A) ÷u´©õÚ® ¹.2,500 AÎUP¨£h ÷Ásk®
    (B) B쮣 \μUQ¸¨¦ ¹.1,500 ©ØÖ® CÖv \μUQ¸¨¦ ¹.1,000
    GÚ P¸uÄ®
    (C) Fºv°ß 60 \uÃu E£÷¯õP® A¾Á»P £¯ß£õmiØPõÚx
    (D) Cuμ ‰»[PÎß Á¸©õÚ® ¹.30,000 BS®.

    24. Analyse the various types of assessees using voluntary Return


    on Income.
    £À÷ÁÖ ÁøP¯õÚ Á› ö\¾zx£ÁºPÒ £¯ß£kzx® ußÚõºÁ
    Á› uõUPÀPøͨ £ØÔ Bμõ¯Ä®.

    –—————

    8 62551/CZ45A/BS45A/
    CA25A/AY25D

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