File Details:

Questions:

1. Distinguish between tax avoidance and tax evasion.
2. Write a short note on Permanent Account Number.
3. What are perquisites? Explain its types.
4. What do you understand by casual income?
5. Write four such donations for which 50% deductions are allowed U/S 80 G.
6. Discuss the provisions of Income Tax Act for valuing the following perquisites: Rent free furnished house, Encashment of earned leave, Facility of Motor Car.
7. What is meant by Annual value? What deductions are allowed in computing income from house property?
8. What do you mean by 'Capital Gain'? What are its types?
9. How is the residence of an assessee determined for income tax purpose? Explain the incidence of residence on tax liability.
10. Enumerate expenses which are allowed in computing taxable profits of a businessman also state expenses or losses which are not admissible.
11. Compute taxable income under the head 'Salary' of Mr. Tiptop for the assessment year 2016-17 based on provided details.
12. Compute taxable income from other sources of Mrs. Renu for the assessment year 2015-16 based on provided particulars.
13. Mrs. Rosy sold gold jewellery. Compute Capital Gain for the A.Y. 2016-17 based on provided details.