Mahesh Tutorial Tally Wisdom

Income -tax
UNIT – 1
Q1) Explain the following terms: (i) Casual income (ii) Previous year. What is partial agricultural
income?
Q2) Distinguish between the following: (i) Assessment year and previous year (ii) Deemed assesse
and assesse in default (iii) Agricultural income and partly agricultural income.
Q3) “Income Tax is charged on the income but there is no definition of the term „Income‟ under
the Income tax Act; rather it only provides as to what is included in income? Discuss.

UNIT – 2

Q1) Explain the Income Tax Act provisions regarding the following items: (i) Valuation of rent
free house (ii) Statutory, Recognized and Unrecognized Provident Fund (iii) House Rent
Allowance.
Q2) Discuss the provision of Income Tax Act relating to exemption of gratuity received on
retirement.
Q3) what do you understand by the term „Annual value of House property? How would you
determine the annual value of a house property which remained vacant for part of the
previous year?

UNIT – 3
Q1) Enumerate expenses which are allowed in computing taxable profits of a business and also
state expenses or losses which are not admissible.
Q2)What are the allowances that are admissible in determining the income from business?
Q3) What deduction are allowed in businessman in computing profits? Specify the expenses
disallowed?

UNIT – 4
Q1) Which deductions are allowed from gross total income while computing total income? Explain
with example.
Q2) What are the provisions regarding setoff of capital gain?
Q3) What are the provision under the Income Tax Act, 1961 Section 40(b) regarding remuneration
and interest paid to partners? Explain.

UNIT – 5
Q1 Write short notes on the following: (a) best judgement (b) regular assessment ( c) self
assessment.
Q2) Describe the powers of central boards of direct taxes or commission of income tax ?
Q3) “ Tax planning is a legal and moral way of tax savings.” Discuss the statement and write down
the objective of tax planning.
Mahesh Tutorial Tally Wisdom

Indirect-Tax (AS PER NEW COURSE)

UNIT – 1
Q1) What do you mean by Free Import &‟ Restricted Import „? Discuss the items covered under
free import and restricted import in India.
Q2) Explain different methods of valuation of custom duty?
Q3) Discuss provisions relating to clearance of imported or exported goods?

UNIT – 2
Q1) Discuss the brief history and objective of Chhattisgarh Excise Act?
Q2) What penalty has been prescribed in the Chhattisgarh Excise Act for the following offences?
(a) To conduct an illegal drinking house (b) Attempt to alter denatured sprit (c) Illegal import
and export of intoxicants (d) Illegal possession of intoxicants?
Q3) Explain in brief the provisions of Chhattisgarh Excise Act relating to manufacture, possession
and sale of intoxicants.

UNIT – 3
Q1) Discuss the concept of Goods & Services Tax (GST). Point out reason for adoption of GST
and discuss its merits and demerits.
Q2) Describe the Constitution of GST council and discuss its function.
Q3) Point out the difficulties arises due to GST and make suggestions to resolve them.

UNIT – 4
Q1) What is E-Way Bill? Who is responsible for its generation with necessary information
therein?
Q2) What are the benefits of registration under GST laws? What are types of registration under
GST?
Q3) What is GST? Describe the benefits of GST?

UNIT – 5
Q1) Who is required to furnish the details of outward taxable supply ? what details are submitted
in GSTR-1?
Q2) Discuss the provision regarding furnishing the returns under the Goods and Services Act.
Q3) what is meant by „Provisional Assessment‟? Under what circumstances this types of
Assessment can be done?
Mahesh Tutorial Tally Wisdom

Management Accounting

UNIT - 1
Q1) Explain the various tools Management Accounting. What do you understand by Financial
Statement?
Q2) What is meant by Management Accounting? Discuss its main tools & techniques.
Q3) What do you mean by interpretation of financial statement? What procedures are to be
adopted in interpreting the statements?

UNIT – 2
Q1) Explain fully the technique of preparing Cash Flow Statement .What are uses of this?
Q2) What do you understand by Cash Flow Statement? How does it differ from fund flow
statement? Discuss their importance.
Q3) What is a fund flow statement? What is prepared? Briefly explain any one method of
preparing this statement.?
UNIT – 3
Q1) Who do you understand by Marginal Costing? State some of the important applications of
Marginal Costing for managerial decision ?
Q2) What is B.E.P ? How its calculated ?
Q3) What is marginal costing? How can marginal costing technique be a valuable aid
management?

UNIT – 4
Q1) What is Budgetary Control ? Discuss the necessary steps which are taken for its installation?
Q2) Write short notes on the following: (i) Responsibility accounting (ii) Zero base budgeting
(iii) Performance budgeting.
Q3) What is budgetary control? Point out its objectives and advantages.

UNIT – 5
Q1) What is variance analysis? Is a favourable variance always in indicator of efficiency in
operation ?
Q2) What do yo understand by standard cost? Explain with reason why an industrial concern
should introduce standard costing system ?
Q3) Distinguish between Standard Cost and Standard Costing and discuss its objects.
Mahesh Tutorial Tally Wisdom

Auditing
UNIT – 1
Q1) What do you understand by Auditing? Explain its objective.
Q2 What are the different kinds of audit? State the merits and demerits of each.
Q3) What is Internal Audit? Differentiate between Internal Audit and Internal check?

UNIT – 2
Q1) What do you understand by the vouching of cash book? What point should be kept in mind
while vouching the cash book?
Q2 What is Internal check? Discuss its characteristics. What is the position of an auditor in this
connection?
Q3) What is the objective of verification of assets? How far is the auditor responsible in regards?
to their valuation?

UNIT – 3
Q1) Discuss the right and duties of a Company Auditor.?
Q2) You have been appointed as an auditor to audit the account of a college. Describe how you
will proceed in the matter?
Q3) What is Divisible profit? What are various provisions made in the Companies Act regarding
distribution of dividend? Discuss the duties of an auditor in this regards?

UNIT – 4
Q1) What special points will be considered while investigating for a person who wants to purchase
a running business?
Q2) What is Investigation? What matters should be kept in mind before investigation? Discuss that
duties if investigation in this connection?
Q3) What is the object of Verification of Assets? How far is the auditor responsible as regard their
valuation?

UNIT – 5
Q1) What is Social Audit ? Throw light on is object and importance?
Q2) Describe the provisions with regard to the appointment of an auditor of a company,
qualification and disqualification of a company auditor?
Q3) What do you understand by „Tax Audit‟ ? Explain its object and scope?
Mahesh Tutorial Tally Wisdom

Principles of Marketing
UNIT – 1
Q1) What is meant by marketing? Explain its importance in modern competitive era?
Q2) What is the meant by Marketing Environment? What are the main factors affecting marketing
environment?
Q3) Discuss internal and external forces affecting marketing environment?

UNIT - 2
Q1) Explain in meaning of consumer behaviour. Discuss the various theories underlying it ?
Q2) Explain market segmentation .Taking an example from a consumer product, explain the use of
this concept .?
Q3) What is Buying Motives? Classify and explain the buying motives.

UNIT – 3
Q1) what do you understand by Branding ? Explain the important of Branding ?
Q2) Write an essay on product planning and development ?
Q3) Define Packaging. What are the objectives and functions of packaging?

UNIT – 4
Q1) “ Wholesaler is an unnecessary chain between the producer and consumer .” Discuss?
Q2) What do you understand by Physical Distribution? What is its utility in the business world?
Explain?
Q3) State the different types of Retailers. Which type is popular in India?

UNIT – 5
Q1) What do you understand by Promotion in marketing? Explain the importance of promotion in
marketing?
Q2) “ It pays to advertise .” Do you agree ? Give reasons for you answer?
Q3) Clarify the objectives and importance of sales promotion . Will sales promotion become
regular function in the near future?
Mahesh Tutorial Tally Wisdom
International Marketing
UNIT – 1
Q1) What do you understand by international marketing? Discuss in detail the domestic marketing
VS international marketing
Q2) What is International Marketing Environment? Discuss the internal factors of International
Marketing Environment.?
Q3) “International Marketing has become indispensable for economic development of developing
countries”. Comment on this statement.

UNIT – 2
Q1) What is product standardization? Explain its importance in international marketing.
Q2) What are the factors affecting International pricing decision?
Q3) What is the meaning of product planning in International Marketing? Why is it needed?
Discuss?
UNIT – 3
Q1) What do you mean by International Promotion of product and Services ? How such promotion
can be extended?
Q2) Discuss the role of promotion in international Marketing? What are the major components of
Promotion mix?
Q3) What is the meaning of business fairs exhibitions? Discuss its objective?

UNIT – 4
Q1) What is meant by distribution channel in International Trade? State the factors affecting
international distribution channels?
Q2) Discuss the direct and indirect distribution channels with their types and importance in
international marketing.
Q3) What are the points that you would keep in mind while selecting a foreign sales agent?
Distinguish between indigenous and foreign sales agent?

UNIT – 5
Q1) What do you understand by export finance? Throw light on the importance of export finance.
Q2) What is Export Pricing? Explain the difference between home marketing pricing and export
marketing pricing.
Q3) Explain critically the current Indian EXIM Policy?