Home » , , , » Solutions -CA IPCC Tax May 2012 Paper

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

CA Online Coaching

ShareThis

Recommend us on Google!

Follow us on Google

Share

Subscribe via email

Enter your email address:

Delivered by FeedBurner