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Solutions -CA IPCC Tax May 2012 Paper


Q. No.

Answer
1(a)Total income = 9,83,820, Tax = 1,50,530
1(b)Tax payable  = 88,065
1(c)Net VAT payable = 80,000
2(a)(i)Yes he is reuired to file ROI
(ii)15,000
2(b)Value of taxable services = 8,45,330, Tax = 87,069
3(a)24,531
3(b)False, False, False, False, False, True, False, False
3(c)False, False, False, True, False, False, False, True
4(a)Total income = 10,64,000
4(b)Service tax = 91,052
4(c)Tax payable = 5,15,350
5(a)Mr. A = 2,60,500, Mrs. A = 2,40,000, Minor child = 20,000
6(a)20 lacs
6(b)6,25,567
6(c)10,488
7(a)2,65,300
Source: CAclubindia

1 comments:

  1. in question 1a can we assume that foriegn tour is for personal purpose

    ReplyDelete

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