CA Inter Taxation MTP January 2025: Question Paper and Solutions

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Question directory and available solutions

50 indexed questions. Open a question to read its full statement and available answer.

1. Mr. Raja, an Indian citizen, aged 61 years, has set-up his business in Canada and is residing in Canada since 2009. He owns a house property in…
2. Mr. Anay (aged 52 years), is a CEO of XYZ Enterprise Limited. During the previous year 2023-24, he earned salary of 1,65,00,000 and long-term…
3. On 20.10.2023, Piya (minor child) gets a gift of 20,00,000 from her father's friend. On the same day, the amount is deposited as fixed deposit in…
4. Rohit, a resident Indian, has incurred - 15,000 for medical treatment of his dependent brother, who is a person with severe disability and has…
5. Mr. Amit, aged 45 years, a resident Indian has provided you the following information for the previous year ended 31.03.2024 (i) He received royalty…
6. Mrs. Riya, aged 62 years, was born and brought up in New Delhi. She got married in Russia in 1996 and settled there since then. Since her marriage,…
7. Mr. Sameer, aged 52 years, provides you the following information and requests you to determine his advance tax liability with due dates for the…
8. Mr. Piyush runs a sole proprietorship firm and owns four machines which was put in use for business in March, 2022. The depreciation on these…
9. Mr. Asif bought a vacant land for 80 lakhs in March 2005. Registration and other expenses were 10% of the cost of land. He constructed a residential…
10. Vijay Prasad, a non resident aged 50 years furnishes the following information of the income from India for the year ended on 31-03-2024: Income by…
11. Mr. Kailash, a resident and ordinarily resident in India, could not file his return of Income for the assessment year 2021-22 before due date…
12. Mr. Naksh has undertaken certain transactions during the F.Y.2023-24, which are listed below. You are required to identify the transactions in…
13. FUTURE Insurance Ltd. is an insurance company providing life and general insurance services across India. The company has been carrying on its…
14. Madurai Impex Ltd. (‘company') is engaged in supplying sports goods. The company did not opt for registration under GST. The proper officer under…
15. ABC Insurance Ltd. received a proposal for pandemic insurance for cricket tournament organised by Lion's Club. Sum assured for said insurance was 20…
16. Mr. Naresh, a supplier of readymade garments issued an invoice to a customer and erroneously charged a higher value by - 42,000. Such an invoice was…
17. Miss Shreya, proprietor of M/s. Happy Enterprise, a registered supplier of taxable goods and services in the state of West Bengal, pays GST under…
18. Renuka Sales, a registered supplier, receives 100 invoices (for inward supply of goods/ services) involving GST of 10 lakh, from various suppliers…
19. Comment on the taxability or otherwise of the following transactions under GST law. Also state the correct legal provisions for the same. S. No.…
20. State the person liable to pay GST in the following independent case: (i) Legal Fees is received by Abhishek, an advocate, from M/s. Navya Trading…
21. Right Oils, an unregistered entity located in U.P. is engaged in supply of machine oil and high-speed diesel. During the month of April, it supplied…
22. Determine whether the suppliers in the following cases are eligible for composition levy, under section 10(1) & 10(2) of the CGST Act, 2017,…
23. An unregistered person Mr. Pappan from Faridabad travels by Air India flight from Pune to Delhi and gets his travel insurance done in Pune. What is…
24. GST is payable on advance received for supply of goods and services taxable under forward charge. Do you agree with the statement? Support your…
25. "All taxpayers are required to file GSTR-1 only after the end of the tax period." Examine the validity of the statement.
26. Mr. Ashish born on 1.4.1964 furnished his return of income for Assessment Year 2024-25 on 10.07.2024. He has paid tax under default tax regime. He…
27. Mr. Rajiv, an Indian resident, purchased a residential house property at Gwalior on 28.05.1999 for 28.5 lakhs. The fair market value and the stamp…
28. Mr. Sushil is a person of Indian origin, residing in Canada. During P.Y. 2023-24, he visited India on several occasions and his period of stay, in…
29. Mr. Arora made the following cash withdrawals during the P.Y.2023-24 - Date Amount From 1.6.2023 70 lakhs Canara Bank 1.8.2023 50 lakhs Canara Bank…
30. Mr. Ashok, aged 61 years, a resident individual, engaged in a wholesale business of stationary products provides you the following information for…
31. Mr. Sudesh (aged 58 years), a citizen of India, serving in the Ministry of Finance in India, was transferred to Indian Embassy in UK on 15 th March…
32. Mr. Sumit has submitted his income-tax return containing certain losses/deductions in respect of the P.Y. 2023-24 on 22.10.2024. The due date for…
33. Briefly discuss the provisions of tax deducted at source under the Income-tax Act, 1961 in respect of the following payments: (i) Mr. Shamsher (a…
34. Mr. Yogesh constructed a house in P.Y. 2017-18 with 3 independent units. During the P.Y. 2023-24, Unit - 1 (50% of floor area) is let out for…
35. Mr. Soham, a builder, entered into an agreement on 1.4.2023 with Mr. Aman to transfer 4 th Floor in Tower A of a new project for 1,50,00,000. He…
36. Mr. Mohan, aged 30 years, submits the information of following transaction/income during the P.Y. 2023-24 (i) Mr. Mohan had a house in Delhi. During…
37. Mr. Prince, a senior citizen, has reported a Total Income - 1,90,000. He has claimed exemption of 50,000 under section 54EC in respect of long term…
38. Examine with reasons, whether the following statements are true or false, with regard to the provisions of the Income-tax Act, 1961: (i) The…
39. Anushka, registered under GST in the State of Madhya Pradesh, is engaged in supplying multiple taxable goods and services. She has undertaken the…
40. While filing return for the month of November, a firm - Vedika & Co. - registered under GST generated E-Challan on 5 th December for making payment…
41. Vikas Nigam Limited (a Public Sector Undertaking) has placed an order to Bharti Steels registered in Bokaro, Orissa for supply of 70 Iron shields…
42. Aashima Limited, a registered dealer in Patna (Bihar), is engaged in various types of supplies. The company provided the following details for the…
43. Shri Narayan Pvt. Ltd., a registered supplier, furnishes the following information relating to goods sold by it to Shri Ram Pvt. Ltd.- S. No.…
44. Determine the time of supply from the given information in each of the following independent cases: (i) Particulars Date Supplier invoices goods…
45. Examine whether the following activities would amount to supply under section 7 read with Schedule I: (i) Rimjhim Manufacturers have a factory in…
46. World Fashions, a registered supplier of designer outfits in Delhi, decides to exhibit its products in a Fashion Show being organised at Hotel Green…
47. M/s Balaji Electronics, a registered dealer, is supplying all types of electronic appliances in the State of Karnataka. Its aggregate turnover in…
48. What is the place of supply for mobile connection? Can it be the location of supplier?
49. What would be the place of supply of services provided by an event management company for organizing a sporting event for a Sports Federation which…
50. What are the documents and devices to be carried by person-in-charge of conveyance under rule 138A of CGST Rules, 2017? Also explain the meaning of…