APRIL 2013 60149/BVZ6A/

BVC6A/BPF6C

Time : Three hours Maximum : 75 marks

PART A — (10 × 2 = 20 marks)

Answer any TEN questions each in 30 words.

All questions carry equal marks.

1. What is casual income?

A\õuõµn Á¸©õÚ® GßÓõÀ GßÚ?

2. What is short term capital gain?

SÖQ¯ Põ» ‰»uÚ Buõ¯® GßÓõÀ GßÚ?

3. Is dividend from Indian company taxable?

£[Põuõ¯® C¢v¯ {Ö©Ú[PÐUS Á› ÂvUS Em£mhuõ?

4. What is set off losses?

\›UPmk® »õ£® GßÓõÀ GßÚ?

5. What is the due date of filing of return by a non – business

assesse?

¯õ£õµ©ØÓ Á›ÂvUSm£mhÁºPÐUS Á¸©õÚ Á› £iÁ®

\©º¨¤US® Pøh] |õÒ Gx?

6. What is sub – letting?

EÒ ÁõhøP ÂkuÀ GßÓõÀ GßÚ?

7. Write down any two deductions which are permissible from

income from other sources.

Cuµ Á¸©õÚ[Pμ¸¢x QøhUS® Á¸©õÚ[PÎÀ H÷uÝ®

Cµsk PÈÄPøÍ GÊxP.

8. What is meant by TDS?

Á¸©õÚzvß Á› ¤izu® GßÓõÀ GßÚ?

9. The following gifts were received by A during the AY
2012 – 2013.

(a) gift received from his father Rs. 1,00,000

(b) gift received from his friend Rs. 50,000.

Compute the income from other sources.

Á›Âv¨¦ Bsk 2012 – 2013 À A GߣÁº RÌPsh

|ßöuõøPPøÍ ö£ØÓõº.

(A) uÚx u¢øu°hª¸¢x Qøhzu AߣΨ¦ ¹. 1,00,000

(B) uÚx |s£›hª¸¢x ö£ØÓ AߣΨ¦ ¹. 50,000

AÁ¸øh¯ Cuµ ÁÈ Á¸©õÚzvøÚ PnUQkP.

10. Calculate taxable capital gain from the following : An asset was
purchased 2010 – 11 for Rs. 1,50,000 the asset was sold for
Rs. 2,50,000 during the previous year.

RÌUPshÁØÔ¼¸¢x ‰»uÚ Buõ¯zøu PnUQkP. 2010 –

2011 À Áõ[P¨£mh ö\õzvß ©v¨¦ ¹. 1,50,000 ö\õzøu •¢øu¯
Bsk ¹. 2,50,000 US ÂØP¨£mhx.

11. Mr. Ram has two houses and income from house property is
Rs. (+) 45,000 from the first house and (–) Rs. 12,000 from the
second house. What is his income from house property?

v¸ µõ® GߣÁ›ß Cµsk ÃkPÎÀ •uÀ Ãmi¼¸¢x

QøhUP¨ö£ØÓ Á¸©õÚ® ¹. 45000 (+) ©ØÖ® CµshõÁx Ãmiß
|mh® ¹. (-–) ¹. 12,000/--– AÁ¸øh¯ Ãmk ÁÈ Á¸©õÚ® GßÚ?

12. Explain deductions u/s 80 u.

¤›Ä 80 u ß uÒУiø¯ ÂÍUSP.

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 PART B — (5 × 5 = 25 marks)
Answer any FIVE questions each in 200 words.
All questions carry equal marks.

13. Calculate “Income from other sources” from the following

particulars :
Rs.
Rent from letting a building with plant 22,000
Dividend 10,000
Winning from lotteries 4,000
Interest on bank deposits 3,000
Depreciation on building 2,000
Collection charges towards dividend 100
¤ßÁ¸® £µ[PÎߣi “Cuµ ÁÈ Á¸©õÚzøu” PshÔP.
¹.

ö£õÔ²hÚõÚ Pmihzv¼¸¢x ÁõhøP 22,000

£[Põuõ¯® Pmihzv¼¸¢x ÁõhøP 10,000

£›_ ^mk Á¸©õÚ® 4,000

Á[Q •u½miß «x Ámi 3,000

Pmihzvß «x ÷u´©õÚ® 2,000

£[Põuõ¯zvØPõÚ Á`À ö\»ÄPÒ 100

14. Calculate total income of Ms. Asokan from the following :

Rs.

House property loss 70,000

Long term capital loss 15,000

Short term capital gain 40,000

Other sources income 30,000

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 ¤ßÁ¸® £µ[Pμ¸¢x v¸©v A÷\õPÛß ö©õzu
Á¸©õÚzøu PshÔP.

¹.

Ãmka ö\õzvß «x |mh® 70,000

}sh Põ» ‰»uÚzvß |mh® 15,000

SÖQ¯ Põ» ‰»uÚ Buõ¯® 40,000

Cuµ ÁÈ Á¸©õÚ® 30,000

15. Who are the “Assessing officer” u/s 2 (7A)?

¤›Ä 2 (7A) RÌ Á› ÂvUS® AvPõ› GߣÁº ¯õº?

16. Mr. Nair’s previous year’s gross total income is Rs. 5,00,000. He
has made the following donations. Calculate the net income

Rs.

(a) National foundation for Communal harmony 10,000

(b) National children’s fund 20,000

(c) National Defence fund 25,000

v¸ |õ¯º GߣÁ›ß •¢øu¯ Bsk ö©õzu Á¸©õÚ® ¹. 5,00,000

AÁº RÌPsh |ßöPõøhPøÍ AÎzxÒÍõº. {Pµ Á¸©õÚzøu
PnUQkP.

¹.

(A) ÷u]¯ ©u |À¼nUP Ai¨£øh {v 10,000

(B) ÷u]¯ SÇ¢øuPÒ |» {v 20,000

(C) ÷u]¯ £õxPõ¨¦ {v 25,000

17. Rs. 9000 has been received as interest towards less – tax
commercial securities. Calculate gross account

(a) If the security is listed

(b) If the security is not listed.

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 Á›CÀ»õ ÁoP •u½miÀ Ámi¯õP ö£ØÓx ¹. 9000/– ö©õzu
öuõøPø¯ PnUQkP.
(A) £mi¯¼h¨£mh •u½miß «x
(B) £mi¯¼h¨£hõu •u½miß «x.
18. Explain various assets which are not included in capital asset.
‰»uÚ ö\õzxPÎß ÷\ºUP¨£hõu £À÷ÁÖ ö\õzxUPøÍ ÂÍUSP.
19. A land purchased in the year 1986 – 87 for Rs. 80,000. During
the year 2011 – 2012, it was sold for Rs. 5,00,000. Calculate long
term capital profit or loss.
CII 1986 – 87 = 140
CII 2011 – 12 = 785.
J¸ {»©õÚx 1986 – 87 À ¹. 80,000 Áõ[P¨£mhx. 2011 – 2012
B® Bsk ¹. 5,00,000 US ÂØ£øÚ ö\´¯¨£mhx. }shPõ»
‰»uÚ Buõ¯® AÀ»x |mh® PnUQkP.
CII 1986 – 87 = 140
CII 2011 – 12 = 785.

PART C — (3 × 10 = 30 marks)
Answer any THREE questions each in 500 words.
All questions carry equal marks.

20. From the following details, compute income from other sources.
Rs.
(a) Interest on bank deposits 10,000
(b) Royalty on books deposits 60,000
(c) Horse race income deposits 4,000
(d) Lottery income deposits 14,350
(e) Director fees received 3,000
(f) Family pension 45,000
(g) Examiner ship remuneration 6,000
(h) Expenses for writting books 4,500

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 RÌPsh £µ[PÒ ‰»® CuµÁÈ Á¸©õÚzøu PshÔP.
¹.
(A) Á[Q øÁ¨¦ «x Ámi 10,000
(B) ¦zu[PÒ«x E›ø©z öuõøP ö£ØÓx 60,000
(C) Svøµ¨ £¢u¯ Á¸©õÚ® ö£ØÓx 4,000
(D) £›_ ^mk Á¸©õÚ® {Pµ® ö£ØÓx 14,350
(E) C¯US|º Pmhn® ö£ØÓx 3,000
(F) Sk®£ K´Åv¯® ö£ØÓx 45,000
(G) ÷uºÄz uõÒ v¸zx® £o Fv¯® ö£ØÓx 6,000
(H) ¦zuP[PÒ GÊu ö\»Ä 4,500
21. Mr. Mohan provided the following data regarding his
transactions for the sale of his residential house. Compute the
amount of capital gain to be included in the total income for the
AY 2012 – 2013.
Rs.
House purchased in 1994 – 1995 5,00,000
Sold in November 2011 25,50,000
Purchased another house in September 2011 3,50,000
Deposited in capital gain account scheme,
in January 2012. 4,00,000
The cost inflation indices were as follows :
1994 – 1995 – 259
2011 – 2012 – 785.
v¸, ÷©õPß ußÝøh¯ Si°¸¨¦ Ãmøh ÂØÓx öuõhº£õP
RÌPsh £µ[PøÍ öPõkzxÒÍõº. 2012 – 2013, ©v¨¥mk
BsiÀ ö©õzu Á¸Á©õÚzvÀ ÷\ºUP¨£h ÷Ási¯ ‰»uÚ
»õ£zøu PnUQkP.
1994 – 95 À Ãk Áõ[P¨£mhx. ¹. 5,00,000 |Á®£º 2011 À
ÂØP¨£mhx. ¹. 25,50,000 ö\¨h®£º 2011À ©ØöÓõ¸ Ãk
Áõ[P¨£mhx ¹. 3,50,000 áÚÁ› 2012 À ‰»uÚ »õ£ PnUS
vmhzvÀ øÁ¨¦ ö\´¯¨£mhx. ¹. 4,00,000.
AhUP¨ £n ÃUPU SÔ±k RÌPshÁõÖ EÒÍx :
1994 – 1995 – 259
2011 – 2012 – 785.
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22. Discuss about “Advance Tax” under Income Tax Act.

Á¸©õÚ Á›a\mhzvß RÌ “•ßTmi Á› ö\¾zxuÀ” Gߣøu

Bµõ´P.

23. Calculate deduction u/s 80c from the following information given
by Ms. Subha

Rs.

(a) Contribution to own life policy 14,500

(Sum assured Rs. 75,000/-)

(b) Contribution to the life of her husband 8,000

(Sum assured Rs. 45,000)

(c) Subscription to NSC – VIII issue 15,000

(d) Contribution to PPF 25,000

(e) Repayment of house building loan 30,000

(f) Investment in infrastructure bonds 40,000

RÌPsh £µ[PÎߣi v¸©v _£õ AÁºPÐUS ¤›Ä 80c ß RÌ

EÒÍ PÈÄPøÍ PshÔP.

¹.

(A) B²mPõ¨¥k uÚx £[PΨ¦ 14,500

(Põ¨¥k ö\´¯¨£mh öuõøP ¹. 75,000/-)

(B) B²mPõ¨¥k uÚx PnÁ¸UPõP £[PΨ¦ 8,000

(Põ¨¥k ö\´¯¨£mh öuõøP ¹. 45,000)

(C) ÷u^¯ ÷\ª¨¦ £zvµ® – VIII öÁαk 15,000

\¢uõ ö\¾zv¯x

(D) ö£õx ÷\©|»{v°À £[PΨ¦ 25,000

(E) ÃmkU Phß v¸¨¤ ö\¾zv¯x 30,000

(F) Em¦Ó Pmhø©¨¦ £zvµzvÀ •u½k ö\´ux 40,000

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24. From the following particulars calculate taxable income of
Mr. Gupta.
(a) Business loss carried forward from assessment year
2005 – 2006 10,000

(b) long term capital loss 20,000

(c) Net profit from business 50,000

(d) Loss from house property

(i) Let out property 3,000

(ii) Self occupied property 7,000

RÌPsh £µ[PÎhª¸¢x v¸. S¨uõ GߣÁ›ß Á›ÂvUSm£mh
Á¸©õÚzøu PnUQkP.
(A) ©v¨¥mk Bsk 2005 – 2006 À Gkzx ö\À»¨£mh ¯õ£õµ
|mh® 10,000

(B) }shPõ» ‰»uÚ |mh® 20,000

(C) ¯õ£õµzvß {Pµ »õ£® 50,000

(D) Ãmka ö\õzv¼¸¢x |mh®
(i) ÁõhøP Ãmk ö\õzx 3,000

(ii) ö\õ¢u Si°¸¨¦ ÃmiÀ 7,000

———————

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