MATHUR SIR – 8777249775

PREVIOUS YEAR QUESTION PAPER (SEMESTER WISE)

TAXATION - II
GENERAL
C. U. - 2019
Paper : DSE 5.1 A
Full Marks : 80
[ Direct Tax ]
(Marks : 40)

Group - A
1. (a) Mention the due date of submission of return of income by an individual whose total
income of Rs.5,00,000 includes income from salary and bank interest only. Which return form
is applicable for him?
(b) When an assessee is liable to pay interest u/s 234B? (2+1)+2
Or,
Discuss the provisions of the Income Tax Act relating as deduction of tax at source from salary.
(5)
2. (a) Write a short note on Belated Return.
(b) Can a belated return be revised? (4+1)
Or,
(a) Write a short note on Permanent Account Number (PAN).
(b) Mention any two transactions where quoting if PAN is compulsory. (3 +2)

3. The following particulars are furnished by Mr. Rohit Agarwal for the financial year 2020-21:
(i) Due date of filing return 31.07.2020
(ii) Date of filing return 01.02.2021
(iii) Tax payable on assessed income of Rs.8,00,000 Rs.75,000
(iv) Tax deducted at source Rs.15,000
(v) Advance tax paid Rs.40,000
Compute interest and fee payable u/s 234A and 234F. (5)

Group – B
4. Mr. Sen furnished the following information for the previous year 2020-21:
Rs.
Income from Salary 8,65,000
Income from House property 2,35,000
Income from bank fixed deposits 25,000
Deduction u/s 80C 1,50,000
Deduction u/s 80D 20,000
Tax deducted at source 65,000
Compute the advance tax payable by Mr. Sen and also compute the amount of advance tax
payable along with the due dates of payment of instalment. (10)
Or,

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 MATHUR SIR – 8777249775

Write short notes:

(a) Best Judgement Assessment
(b) Revised Return. (6+4)

Group – C
5. Mrs. Susoma Manna (age 45 years), a resident individual of India, furnishes the following
details of her incomes, investments and payments during the previous year 2020-21.
Compute her total income and tax payable for the assessment year 2021 - 22. (15)
(i) Gross Salary Rs.12,00,000 (Professional tax paid Rs.2,000).
(ii) Income from business Rs.2,00,000
(iii) Long-term capital gain on sale of building Rs.1,25,000.
(iv) Short-term capital gain on sale of jewellery Rs.25,000
(v) Winning from lottery (net) Rs.70,000 (TDS @ 30%).
(vi) She deposited Rs.60,000 to Public Provident Fund (PPF) during the previous year.
(vii) She paid Rs.13,000 by cheque for medical insurance policy on her own health.
(viii) Donated Rs.10,000 to Prime Minister's National Relief Fund.
(ix) She paid Rs.25,000 for premium on life insurance policy (sum assured Rs.5,00,000 taken
on 01.10.2015) on her own life.
(x) She resides in a house which was purchased by her on 01.01.2016 by taking a loan from
SBI. During the previous year, she repaid Rs.2,00,000 (of which Rs.1,00,000 is for principal
repayment).
Or,
Subhajit and Sutirtha are partners in a firm which is assessed as a firm. They share profits and
Losses equally. The firm's profit and Loss Account for the year ended 31.03.2021 is given
below:
Particulars Rs. Particulars Rs.
To office expenses 35,000 By gross profit 2,85,000
To provision for doubtful debts 5,000 By bank interest from fixed 40,000
To depreciation 30,000 deposit
To salary to partners:
Subhajit 1,00,000
Sutirtha 90,000
To interest on partners capital
@ 15% p.a.:
Subhajit 30,000
Sutirtha 15,000
To net profit:
Subhajit 10,000
Sutirtha 10,000
3,25,000 3,25,000
Other Information:
(i) Office expenses include penalty paid to customs authority Rs.10,000.
(ii) Depreciation as per Income Tax Rule Rs.24,000.

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(iii) Income from other sources of Subhajit and Sutirtha are Rs.15,000 and Rs.10,000
respectively.
You are required to compute for the assessment year 2021-22:
(a) Book profit of the firm;
(b) Total income of the firm; and
(c) Tax liability of the firm. (15)
Indirect Tax
Group – D
6. (a) Mention any two objectives of GST.
(b) Mention any three taxes that are not subsumed or merged with GST. (2+3)
Or,
Define the following as per Central Goods and Service Tax Act:
(a) Aggregate Turnover
(b) Input tax and Output tax. (3+2)

7. (a) What is Mixed supply?

(b) From the following information, determine the time of supply of goods:
Date of removal of goods: 23.03.2021
Date of issue of invoice: 20.03.2021
Date of payment entered in the books of accounts: 28.03.2021
Date of credit in Bank Accounts: 31.03.2021 (3+2)

8. Mention the components that are included in the value of supply of good. (5)
Or,
Write short notes on: (2 ½ + 2 ½)
(a) Supply
(b) Composite supply.

9. What do you mean by 'Forward Charge' and 'Reverse Charge'? Discuss with examples. (5)

Group - E
10. (a) From the following information, compute GST payable for the month of June, 2021:
(i) Input tax available for credit for the month of June 2021: IGST Rs.1,50,000; CGST Rs.90,000;
SGST Rs.70,000
(ii) Output tax payable for the said month: IGST Rs.1,30,000; CGST Rs.1,00,000; SGST
Rs.90,000.
(b) In December 2020, X of Kolkata sold goods worth Rs.100,000 (excluding GST) to Y of
Durgapur. X purchased the goods for Rs.82,600 (including GST) from Z of Kolkata. In case of
both Purchases and Sales CGST is 9% and SGST is 9%.
You are required to compute:
(i) Output tax;
(ii) Input tax;
(iii) Net GST payable. (5+5)
Or,
(a) What do you mean by Composition Scheme?
(b) State the rates of tax in case of Composition Scheme.
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(c) How will you determine the aggregate turnover in case of composition scheme?
(d) Mention the date for payment of GST in case of registered person under composition
scheme and not under composition scheme.

11. (a) From the following information determine assessable value:

(i) FOB value of goods Rs.30,00,000
(ii) Freight from importing country to India (by air) Rs.3,00,000
(iii) Insurance information not available
(b) Write short note on Ant-Dumping duty. (5+ 5)

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TAXATION II-HONOURS
C.U. - 2019
Paper: CC 5.2 Ch
Full Marks : 80
Direct Tax
GROUP – A
1. (a) What is PAN (Permanent Account Number)?
(b) State whether quoting PAN is mandatory in the following cases
(i)To open a DMAT Account
(ii)To purchase a Car.
(c) State the due dates for filing of return by an individual assessee. (1+2+2)

2 (a) Write short note on revised return.

(b) Can a belated return of income filed u/s 139(4) be revised? (4+1)
Or,
Tax payable on total income of Mr. Das as declared in the return for the assessment year
2021-22 is Rs.2,47,300. He paid advance tax of Rs.30,200 during the previous year 2020-21.
Tax of Rs.12,400 has been deducted at source. Interest u/s 234A, 2348 and 234C calculated
as per provisions of the Act amounted to Rs.10,400, Rs.15,900 and Rs.8,700 respectively.
Calculate self-assessment tax payable by Mr. Das u/s 140A.

3. Mr. Prabir Biswas is working in ITC Ltd. furnishes the following estimate for the PY 2020-
21. Compute tax to be deducted at source per month by ITC Ltd.
Taxable Salary Rs.14,00,000
Repayment of Interest on Loan taken for construction of self-occupied House Property
Rs.50,000
Investment in PPF Rs.1,00,000. (5)
Or,
Write a short note on Best Judgement Assessment. (5)

Group – B
4. The estimated income of Shri Mukul Ghosh a resident individual (age 55 years) for the P. Y
2020-21 are as follows:
Income from let out House Property Rs.42,500
Income from business Rs.5,45,000
Income from other sources Rs.1,25,500
He is entitled to a deduction u/s 80C for Rs.51,500 and u/s 80G Rs.7,500. Tax deductible at
source is Rs.7,330.
Calculate the amount of advance tax payable by Sri Mukul Ghosh showing details of all
instalments along with due dates. (10)
Or,
(a) Kausik filed his return of income for A.Y. 2021-22 on 08.10.20 (Due date of submission of
return 31.07.20) showing income of Rs.9,50,000.
Compute amount of interest and fees payable by Kaushik for delayed submission of return.
2(2+2)

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(b) During the P Y 2020-21 Mr. Rajput Singh has paid advance tax of of Rs.15,200. He has
submitted his return of income tax for the said year on June 15, 2020 showing total income
of Rs.6,40,000. During this year tax of Rs.3,500 has been deducted at source. If assessment is
completed on April 13, 2021, calculate the amount of interest payable u/s 234B. (6)

GROUP – C
5. Mr. Tamang, a resident in India (age 32 years) has joined as state government employee
on April 8, 2013. He furnished the following particulars for the year ended March 31, 2021.
(a) Basic Salary Rs.2,49,000
(b) Dearness allowance (not forming part of salary) Rs.1,49,400
(c) Other taxable allowances Rs.1,44,000
(d) He owns a house at Darjeeling which is let out at monthly rent of Rs.18,000 per month.
Municipal value of the house is Rs.2,00,000. Repairing expenses of Rs.28,000 are incurred
during the year. Municipal tax is paid @ 10% of municipal value. The house remains vacant
for 2 months during the year.
(e) He sold an urban land on January 20, 2021 for Rs.18,40,000 which has been purchased on
July 25, 2019 for Rs.9,70,000.
(f) He has earned savings bank interest of Rs.9,200, interest from fixed deposits with bank
Rs.37,300 and lottery income Rs.42,000 (net of tax @ 30%),
(g) He has paid medical insurance premium as follows:
On his own health Rs.15,700, on his wife's health Rs.20,300, on his father's health (father's
age 84 years) Rs.42,250.
(h) He paid life insurance premium on his own life taken on 01.08.16 Rs. 18,000 (Policy value
Rs.1,50,000).
(i) He has deposited Rs.55,000 to PPF and his contribution to R.P.F. Rs.15,000.
(j) He donated Rs.10,000 to PM's National Relief Fund.
Compute his total income and tax liability for the assessment year 2021-22. (15)
Or,
The profit and loss account of the firm of M/S P and Q sharing profits and losses in the ratio
of 3:2 for the previous year ending 31st March, 2021 is given below:
Particulars Rs. Particulars Rs.
To cost of goods sold 4,36,000 By sales 7,60,000
To remuneration to employees 1,26,000 By interest on drawings:
To remuneration to partners 2,40,000 P 8,000
To other expenses 88,000 Q 8,000
To depreciation 10,000 By interest (gross) 24,000
To interest to partners @ 16% By long-term capital gain 1,52,000
p.a.: 16,000
P 16,000
Q 20,000
To net profit
9,52,000 9,52,000
Additional information:
(a) The firm fulfils all the conditions u/s 184 and 40(b).
(b) Other expenses include the following:
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(i)Rs.24,000 paid in cash to a supplier who refused to accept payment by cheque.

(ii) Donation to recognized charitable institution Rs.6,000 and to a recognized political party
Rs.12,000,
(iii) Depreciation as per IT rules Rs.15,000.
(c) Long-term capital gain represents gain on sale of land and computed as per provision of IT
Act.
(d) Other incomes of the partners --P: Rs.88,000; Q:7 Rs.68,800.
You are required to compute for the assessment year 2021-2022:
(i) Total income of the firm.
(ii) Tax liability of the. (10+5)
Indirect Tax
Group – D
6. Distinguish between Direct Tax and Indirect Tax. (5)
Or,
What are the objectives of GST? (5)

7. (a) What is a taxable event in GST?

(b) Write a short note on mixed supply and its taxability. (2+3)

8. Write short note on reverse charge under GST. (5)

Or,
State the provisions relating to Time of supply' of goods in case of forward charge and
calculate time of supply from the information given below: (2+3)
Barun, a registered person, supplied certain goods to Tarun. Following are the details
available for a transaction:
Date of removal of goods 15.03.2021
Date of issue of invoice 18.03.2021
Date of payment entered in the books of accounts 25.03.2021
Date of credit in bank account 28.03.2021

9. From the following information compute the value of taxable supply:

Rs.
List price of Goods 1,00,000
Cost of Primary Packing (not included in selling price) 1,000
Cost of packing at buyers request (not included in selling price) 500
Subsidy received from Government of West Bengal 2,000
Trade discount actually allowed shown separately in invoice 100
1 1
Sale price excludes CGST @ 2 % and SGST @ 2 %.
2 2

Group - E
10. (a) What do you mean by Composition Scheme?
(b) Mention any four cases where a person is not eligible to opt for composition scheme.
(c) How will you determine Aggregate Turnover for the purpose of composition scheme?
(2+4+4)

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Or,
Mr. Susanta Chakraborty a GST registered dealer of West Bengal, furnishes the following
particulars for the month of July 2021.
Compute:
(a) Amount of Input Tax Credit available to Sri Chakraborty for the month of July 2021
(b) Amount of GST payable by him.
Input tax credit balance is Electronic credit ledger on 01.07.2021: Rs.
IGST 2,66,500
CGST 55,500
SGST 48,000
Details of outward supply --
Inter state (inclusive of GST) 24,19,000
Intra state (inclusive of GST) 40,71,000
Details of inward supply –
Inter state (exclusive of GST) 6,50,000
Intra state (exclusive of GST) 15,20,000
Rate of IGST – 18%, CGST – 9% and SGST – 9%. (4 +6)

11. Mr. S Chowdhury imported goods from USA. Value of the goods (in Dollar) 10,000. Freight
paid(air) (in Dollar) 2,500. Insurance charges are actually paid but details are not available.
-Design and Development charges paid outside India (in Dollar) 500
- Transportation charges from Indian airport to factory ₹ 5,00O
Date of presentation of Bill of Entry:24.02.2021
BCD on that date is 20% and exchange rate notified by CBIC in US Dollar 1= ₹71.
Date of entry inward: 03.03.2021. BCD on that date is 18% and exchange rate notified by CBIC
is US $ 1= ₹69.
IGST is 12% and social welfare surcharge is 10%.
Compute the Assessable Value and Customs Duty payable by Mr. Chowdhury. (6+4)

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2020
TAXATION – II (GENERAL)
Paper: CC – 5.2 Cg
[Direct Tax]
[Marks: 40]
Group – A
Answer any two Questions.
1. (a) Who is liable to pay ‘advance tax’?
(b) From the following information, compute the amount of advance tax payable by Mr.
Rohit Sharma on specified dates as per Income Tax Act for the assessment year 2020-21:
Tax payable (including Health and Education Cess) 40,560
Tax deducted at source:
Situation - I Rs.35,000
Situation - II Rs.20,560 2+8

2. (a) Write a short note on defective return.

(b) Write a short note on Best Judgement Assessment. 5+5

3. (a) From the following information, calculate Interest Payable U/S 234A:
Due date of submission of return 31.07.2020
Return actually submitted 15.09.2020
Tax payable Rs.85,000
Tax deducted at source Rs.37,000
(b) Write a short note on interest payable U/S 234B. 5+5
4. (a) Discuss the provisions of the Income Tax Act regarding ‘Fees’ for default in furnishing
return of income under section 234F.
(b) Explain the provisions of the Income Tax Act relating to deduction of tax at source (TDS)
from salary. 4+6
GROUP - B
Answer any one Question.
5. Smt. Bijeta Mali (Age 58 years.), a resident individual of India, furnished the following
details of her income during the previous year 2019-20. Compute her total income and tax
payable for the assessment year 2020-21.
(a) Gross salary Rs.15,00,000.
(b) Professional tax paid @ Rs.200 per month.
(c) Long term capital gain on sale of building Rs.1,00,000.
(d) Received dividend from an Indian company Rs.10,000.
(e) Received interest from Savings Bank Account Rs.5,000.
(f) Deposited Rs.1,00,000 to Public Provident Fund.
(g) Paid life insurance premium on her life Rs.25,000 (taken on 01.01.2018, sum assured
Rs.5,00,000).
(h) Paid medical insurance premium by cheque on her own health Rs.10,000.
(i) Donated Rs.10,000 to National Defence Fund.
(j) Repaid home loan taken from SBI Rs.2,50,000 (of which Rs.52,400 is for principal
repayment). 15 + 5
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6. X, Y and Z are partners in a firm which is assessed as a firm. They share profit and losses in
the ratio of 3 : 2 : 1. The firm’s Profit and Loss Account for the year ended 31.03.2020 is
given below:
Particulars Rs. Rs. Particulars Rs. Rs.
To, Salary to partners By Gross Profit 5,00,000
X 1,00,000 By Interest on Bank
deposit 70,000
Y 60,000
Z 40,000 2,00,000
To, Interest on
partner’s capital @
15% p.a.
X 30,000
Y 20,000
Z 10,000 60,000
To Depreciation 2,20,000
To Sundry expenses 50,000
To Net Profit 40,000
5,70,000 5,70,000
Other information:
(a) Depreciation as per IT rules Rs.2,30,000.
(b) Sundry expenses include fines of Rs.7,000 paid to custom authority.
For the assessment year 2020-21 compute–
(i) Total income of the firm.
(ii) Tax liability of the firm. 17 + 3
[Indirect Tax]
(Marks: 40)
Group - C
Answer any four questions.
7. (a) Mention any two features of G.S.T.
(b) Mention any three taxes that are subsumed in GST.
(c) Define as per Central Goods and Service Tax Act:
(i) Goods
(ii) Services. 2 + 3 + (2 + 3)

8. (a) What is the ‘taxable event’ under the GST?

(b) Who is a ‘Taxable Person’ under GST?
(c) Mention two indirect taxes not subsumed in GST.
(d) Explain the concept of composite supply. 2+3+2+3

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9. (a) Write short notes on Supply as per CGST Act.

(b) What is reverse charge?
(c) What do you mean by mixed supply? 5+2+3

10. From the following information, compute GST payable for the month of June 2020:
(a) Input tax credit available for the month of June 2020: IGST Rs.1,80,000; CGST
Rs.1,20,000; SGST Rs.1,25,000.
(b) Output tax payable for the said month: IGST Rs.1,45,000; CGST Rs.1,40,000; SGST
Rs.1,50,000. 10

11. (a) X, a registered dealer in Mumbai, purchases goods from certain dealers in Mumbai
for an amount of Rs.2,50,000 (exclusive of GST) and sells goods within Mumbai for
Rs.4,42,500 (inclusive of GST) in June 2020. Calculate the GST payable by X for the month of
June 2020. Assume GST rate is 18%.
(b) Write short notes as per CGST Act on:
(i) Capital goods
(ii) Input tax credit. 5 + (2 + 3)

12. (a) State the provisions in respect of time of supply of goods under forward charges.
(b) Mention any two cases where a person is not eligible to opt for composition scheme.8+2

13. (a) Define ‘Goods’ according to Customs Act.

(b) Mention any two duties as provided in the Customs Act.
(c) What do you mean by ‘Territorial Waters’? 5+2+3

14. (a) Write short note on safeguard duty.

(b) Determine the assessable value from the following information:
(i) Price charged by the Exporter (FOB) Rs.12,00,000
(ii) Freight from importing country France to India by air Rs.3,00,000
(iii) Insurance Rs.60,000
(iv) Commission paid to a local agent in India Rs.10,000 5+5

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2020
TAXATION – II (HONOURS)
Paper: CC – 5.2 Ch
[Direct Tax]
[Marks: 40]
Group – A
Answer any two Questions.
1. (a) What is belated return? What is the time limit for submitting a belated return?
(b) State the relevant provisions of scrutiny assessment. (2 + 2) + 6

2. From the following information compute interest payable u/s 234A:

Due date of filing return 31.07.2019
Date of filing return 25.01.2020
Tax on assessed income Rs.80,000
Tax on assessed income Rs.80,000
Advance Tax paid Rs.30,000
Self-assessment tax paid on 20.01.2020 Rs.10,000. 10

3. Write short notes on (any two): 5×2

(a) PAN
(b) Revised Return
(c) TDS on winning from horse races
(d) Best Judgement Assessment.

4. The estimated income of Mr. Gourab Ghosh (Age 51 years) during the previous year
2019-20 is as under:
Business income Rs.7,99,750
Loss from self-occupied Rs.16,000
house
Income from other sources Rs.27,500
As in last year, expected savings in PPF is Rs.12,000. Tax deductible at source is estimated to
be Rs.15,350.
Compute the advance tax and the instalments payable on different dates. 10

Group - B
Answer any one question.
5. Sri D. Banerjee furnished the following information for the P.Y. 2019-2020:
Particulars Rs.
Income from Salary (Gross) 6,02,400

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Professional tax deducted by employer 2,400

from salary
Income from house property 1,40,000
Short term capital loss on sale of gold 15,000
Long term capital gain on sale of land 40,000
Interest on Bank Deposit 25,000
(including interest on savings bank of `
8,000)
Dividend from an Indian company 10,000
Received from lottery (after TDS @ 31.2%) 69,800

He made the following payments:

(a) Life Insurance Premium on own life Rs.25,000 (Sum assured Rs.2,00,000 taken on
15.10.2019)
(b) Deposit in PPF Rs.1,40,000
(c) Own contribution to RPF Rs.20,000
(d) Medical Insurance Premium on own health Rs.10,000 and on the health of spouse
Rs.8,000 paid by
cheque
(e) Donation to P. M’s National Relief Fund Rs.20,000
Compute his total income and tax payable for the A.Y. 2020 - 2021. 15+5

6. P and Q are partners of a firm sharing profits and losses in the ratio of 3:2. The firm
satisfies all the conditions of section 184 and 40(b). The profit and loss account of the firm
for the year ended March 31, 2020 shows net profit of Rs.19,28,000.
Debit items include the following:
(a) Interest on Partners’ capital @20% p.a.: P – Rs.48,000, Q – Rs.40,000
(b) Partners’ Remuneration: P – Rs.2,60,000; Q – Rs.3,36,000
(c) Donation to an approved charitable institution ` 8,800
(d) Office expenses Rs.50,000
(e) Depreciation Rs.55,000

Credit items include the following:

(i) Interest on partners’ drawings: P – Rs. 5,480; Q – Rs.4,000
(ii) Long term capital gain on sale of land calculated as per section 48 Rs.94,280

Other information:
(1) Depreciation as per IT rules Rs.60,000
(2) Office expenses include fines paid to customs authorities Rs.10,000.
Compute total income and tax liability of the firm for the assessment year 2020-21. 16+4
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[Indirect Tax]
(Marks: 40)
Group - C
Answer any four Questions.
7. (a) Mention five indirect taxes which have been subsumed in GST.
(b) Write short notes on:
(i) Taxable person
(ii) Turnover in State and Union territory. 5+(2+3)

8. (a) A dealer sold detergent along with bucket. The taxable value of the supply is 1,20,000.
The rate of CGST and SGST on detergent is 9% in each case and that on the bucket is 14% in
each case. Compute CGST and SGST payable.

(b) Mr. P, a GST registered dealer supplied the following information for the month of
September, 2020:
(i) Input Tax credit balance as on 01.09.2020:
IGST 3,20,000
CGST 30,000
SGST 30,000

(ii) Output GST payable as per Electronic liability register:

IGST 1,80,000
CGST 60,000
SGST 60,000
Compute GST payable and ITC to be carried forward. 4+6

9. (a) What do you mean by Composition Scheme?

(b) Who can opt for Composition Scheme?
(c) State the items to be included in the value of supply of goods under transaction value.
3+2+5

10. (a) Distinguish between Composite and Mixed Supply.

(b) Determine whether the following supplies amount to composite supplies–
(i) A hotel provides 3 nights - 4 days package wherein the facility of breakfast and dinner is
provided along with the room accommodation.
(ii) A toothpaste company has offered the scheme of free toothbrush of ` 15 along with the
toothpaste tube of ` 100. 6+2+2

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11. (a) What is exempt supply? How it differs from zero rated supply?
(b) Explain the meaning of ‘Taxable supply’ and ‘Non-taxable supply’. (2 + 4) + (2 + 2)

12. (a) Ascertain Point of taxation in the following cases –

Nature of supply Goods delivered Date of Invoice Date of Payment
Goods 10.02.2020 08.02.2020 15.03.2020
Goods 10.04.2020 10.04.2020 02.02.2020
Goods 10.04.2020 12.04.2020 05.05.2020

(b) How the time of supply determined when GST payable on supply of goods under ‘reverse
charge’
mechanism? 6+4

13. Write short notes on (any two): 5×2

(a) Protective Duty
(b) Safeguard Duty
(c) Anti-Dumping Duty.

14. XYZ Ltd. imported certain machinery from Japan. From the following information,
determine assessable value of imported machinery:
FOB value of machine YEN 5,00,000
Freight from importing YEN 50,000
country to India (by Air)
Freight from airport to Rs.75,000
factory in Tamilnadu
Insurance YEN 50,000
Designing charges paid in YEN 75,000
Japan
Landing charges 1% of CIF value
Commission paid to Indian agent (payable in Re) 5% of FOB
Exchange rate notified by CBIC is 1 YEN = Rs.0.50. 10

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 (1) U(5th Sm.)-Taxation-II-H/CC-5.2Ch/CBCS

2021
TAXATION-II — HONOURS
Paper : CC-5.2Ch
Full Marks : 80

The figures in the margin indicate full marks.

Candidates are required to give their answers in their own words
as far as practicable.

Direct Tax
(Marks : 40)
Group - A
Answer any two question.

1. When a return is considered to be defective? What is loss return? State the consequences of non-filing
of loss return. 4+2+4

2. Mr. Goswami submitted his return on 25th July, 2021 for the assessment year 2021-22. The following
particulars are furnished by him for the previous year 2020-21 :

`
Tax payable on assessed income 1,03,950
Tax deducted at source 36,450
Advance taxes paid as under :
15th June, 2020 Nil
15th September, 2020 18,500
15th December, 2020 16,125
15th March, 2021 25,250
You are required to compute the interest, if any, payable by the assessee. 10

3. Write short notes on (any two) : 5×2

(a) TAN
(b) Summary Assessment
(c) Self Assessment
(d) TDS from interest on securities.

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U(5th Sm.)-Taxation-II-H/CC-5.2Ch/CBCS (2)
4. Mrs. Fatema (resident of India aged 64 years) furnishes the following particulars for the year ended
March 31, 2021.
Total income excluding lottery income : ` 15,10,000
Lottery income received during April 2020 : ` 63,000 net of tax @30%
Tax deducted at source (including TDS on lottery income) during the year is ` 51,600
Compute the instalments along with the dates of advance tax payable. 10

Group - B
Answer any one question.

5. Mr. Soren is employed in a private limited company in Kolkata, a resident aged 42 years, furnishes
the following particulars of his incomes and outgoings for the previous year 2020-21.
(i) Gross income from salary ` 34,20,200
(ii) Professional tax deducted by the employer from his salary per month ` 200.
(iii) Loss from self occupied house ` 1,20,000.
(iv) He earns the following incomes during the year :
 Savings bank interest ` 15,300
 Interest on fixed deposits with banks ` 1,52,000
 Dividend from domestic companies ` 1,10,000
(v) Long-term capital gain on sale of urban land ` 10,42,000
(vi) Short-term capital loss on sale of gold ` 37,000
(vii) He has invested ` 1,30,000 in PPF.
(viii) He has paid medical insurance premium as follows :
On his own health ` 13,200; On his wife’s health ` 15,300
On his father’s health (father’s age 75 years) ` 35,000
(ix) He has made a donation of ` 20,000 to Prime Minister’s National Relief Fund.

Compute his total income and tax liability. Ignore section 115BAC. 20
 (3) U(5th Sm.)-Taxation-II-H/CC-5.2Ch/CBCS

6. P and Q are partners of a firm sharing profits and losses in the ratio of 3 : 2. The profit and loss
account of the firm for the year ended March 31, 2021 is as follows :
Particulars ` Particulars `
To Salaries to partners : By Gross Profit 2,09,730
P 72,000 By Interest from bank fixed 14,370
Q 21,000 deposits
To Interest on Capital @20% p.a.
P 24,000
Q 13,200
To Commission to Q 15,000
To Trade expenses 27,000
To Depreciation 30,000
To Net Profit 21,900
2,24,100 2,24,100

Compute total income and tax liability of the firm considering the following :
(a) The firm satisfies the conditions of section 184 and 40(b);
(b) Depreciation as per I.T. Rules amounts to ` 48,000.
(c) Trade expenses include ` 5,250 being the amount paid as penalty for violation of custom’s
regulation. 16+4

Indirect Tax
(Marks : 40)
Group - C
Answer any four questions.
7. Write short notes on (any two) : 5×2
(a) Input tax
(b) Output tax
(c) Reverse charge
(d) Registered person.

8. (a) What do you mean by Composite Supply and Mixed Supply? State the taxability of Composite
Supply and Mixed Supply.
(b) State the nature of supply and applicable GST Rate in case of the following supplies :
(i) A mobile company supplies Mobile Phone [GST 18%] along with charger [GST 12%] and
headphone [GST 24%].
(ii) A trader supplies Diwali gift box comprises dry fruits [GST 5%], cakes [GST 12%] and fruit
juice [GST 18%]. (4+2)+4
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U(5th Sm.)-Taxation-II-H/CC-5.2Ch/CBCS (4)
9. (a) How the aggregate turnover in case of composition scheme is determined? State the GST rates
applicable in case of composition scheme.
(b) How the time of supply is determined in the following cases?
(i) Supply of goods
(ii) Advance from customer. (4+2)+(3+1)

10. (a) What do you mean by Tax Invoice and Bill of Supply?
(b) Mention any two supplies which are not covered under GST Law.
(c) State the differences between direct tax and indirect tax. 4+2+4

11. (a) From the following information, compute value of supply and GST payable by Mr. P, a registered
dealer in West Bengal for the month of November, 2021 :
Price of the goods supplied within West Bengal [Excluding ` 4,00,000 GST]
Following items are not included in the above price :
(i) Installation charges ` 20,000
(ii) Transport charges ` 10,000
(iii) Packing charges ` 5,000
(iv) Subsidy from Govt. of West Bengal ` 15,000
(v) Subsidy from a NGO ` 12,000
Applicable GST rate CGST - 6%, SGST - 6%.
(b) From the following information, state the nature of GST applicable in case of the following
supplies :
(i) A of Kolkata supplied goods to B of Durgapur.
(ii) C of Bihar supplied goods to D of Tamilnadu.
(iii) F of Chandigarh supplied goods to G of Chandigarh. 7+3

12. Mr. R, a GST registered dealer supplied the following information for the month of December 2021:

(i) Input Tax credit balance as on 01.12.2021 :

IGST ` 2,00,000
CGST ` 1,35,000
SGST ` 1,35,000
(ii) Goods supplied (Excluding GST) during December, 2021 :
Inter-state supply ` 20,00,000
Intra-state supply ` 40,00,000
 (5) U(5th Sm.)-Taxation-II-H/CC-5.2Ch/CBCS

(iii) Goods purchased (Excluding GST) during December 2021 ;

Inter-state supply ` 6,00,000
Intra-state supply ` 20,00,000
GST rate applicable as follows [both on purchases and sales] :
IGST - 12%
CGST - 9%
SGST - 9%
Compute GST payable and ITC to be carried forward (if any) assuming Mr. R opted for utilisation of
unadjusted IGST credit against CGST and SGST in the ratio of 1 : 1. 10

13. (a) What is the taxable event under the Customs Act?
(b) Define territorial water as per the Customs Act.
(c) Write a short note on Anti Dumping Duty. 2+3+5

14. From the following information, calculate assessable value and duty payable : 6+4
UK Pound
FOB value of Goods 23,000
Air freight 5,250
Insurance 400
Landing charges 550
Transportation charges from
airport to warehouse in Tamilnadu 10,000
Exchange rate notified by CBIC is ` 72 per UK Pound.
BCD-10%, SWS-10%, IGST-12%
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