CA Inter Taxation MTP May 2024: Question Paper and Solutions

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Question directory and available solutions

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

1. Mr. Kamal, aged 45 years, commenced operations of the business of a new three-star hotel in Delhi on 1.4.2023. He incurred capital expenditure of 50…
2. Mr. Arvind, an Indian citizen, wants to file his return of income for the previous year 2023-24. He required assistance for which he has approached…
3. Roshini Ltd. has two units, one unit at Special Economic Zone (SEZ) and other unit at Domestic Tariff Area (DTA). The unit in SEZ was set up and…
4. What would be the tax liability of Ms. Savita, a resident, who attained the age of 60 years on 01.04.2024 on the total income of 7,25,000,…
5. Mr. Amit, having business of manufacturing of furniture, gives the following Trading and Profit & Loss Account for the year ended 31.03.2024:…
6. Mr. Akash, an Indian citizen aged 45 years, worked in XYZ Ltd. in Delhi. He got a job offer from ABC Inc., California on 01.06.2022. He left India…
7. Examine and compute the liability for deduction of tax at source, if any, in the cases stated hereunder, for the financial year ended 31st March,…
8. Mr. Sahil, a resident individual, aged 40 years, is an assistant manager of Fox Ltd. He is getting a salary of 55,000 per month. During the previous…
9. Mr. Kushal is a resident but not ordinarily resident in India during the Assessment Year 2024-25. He furnishes the following information regarding…
10. Mr. Vishal, aged 33 years, submits the information of following transaction/income during the P.Y. 2023-24 (i) Mr. Vishal had a house in Delhi.…
11. Enumerate the cases where a return of loss has to be filed on or before the due date specified u/s 139(1) for carry forward of the losses. Also…
12. Mr. Vishnu has undertaken certain transactions during the F.Y.2023-24, which are listed below. You are required to identify the transactions in…
13. XYZ Electronics Pvt. Ltd. is a leading electronic goods manufacturing company in Delhi. The company produces a wide range of products, including…
14. The validity of GST registration as a casual taxable person in the state of Rajasthan is:
15. Which of the following statements is true in relation to the non-payment of consideration by the Gujarat godown to Delhi godown?
16. Sanu Associates, Delhi dealing in garments has ordered ladies suits from Sahiba Garments in Ludhiana (Punjab) which is 350 km away from its…
17. 'Pihu' Ltd. has its registered office, under the Companies Act, 2013, in the State of Maharashtra from where it ordinarily carries on its business…
18. Vishnu Pvt. Ltd., a registered supplier of goods and services at Kolkata has furnished the following information for the month of February: S. No.…
19. Gulati Ltd., a registered supplier in Mumbai (Maharashtra), has supplied goods to Mridul Traders and Kalu Motors Ltd. located in Ahmedabad (Gujarat)…
20. Nath Services Limited, registered under GST, is engaged in providing various services to Government. The company provides the following information…
21. Mr. Shubh, director of Star Company Private Limited, provided service to the company for remuneration of 1,25,000. Briefly answer whether GST is…
22. Examine whether the supplier of goods is liable to get registered in the following independent cases: (i) Om Sai Builders of Rohini, Delhi is…
23. Mr. Mehta is engaged in the business of trading of books. He is eligible for composition scheme and has opted for the same. He seeks your advice for…
24. An event management company provided services for organizing a sporting event for a Sports Federation which is held in multiple States? What would…
25. Discuss taxability of shares held in a subsidiary company by holding company?
26. How a return can be revised after filing of the same, if some changes are required to be made?
27. Mr. Pankaj, an Indian resident, purchased a residential house property at Kanpur on 20.08.1998 for 20.5 lakhs. The fair market value and the stamp…
28. Mrs. Deepika, wife of Mr. Santosh, started a business of trading in beauty products on 15.7.2023. She invested 5 lakhs in the business on 15.7.2023…
29. Mr. X, a resident 47 years, has salary income (computed) of 7,25,000 and agricultural income of 1,00,000 for the P.Y. 2023-24. Compute his tax…
30. Mr. Sunil, aged 48 years, a resident Indian has furnished the following particulars for the year ended 31.03.2024: (i) He occupies ground floor of…
31. Mrs. Sia D'Souza is an American, got married to Mr. Kabir of India in New York on 14.02.2023 and came to India for the first time on 18.03.2023. She…
32. Briefly discuss the provisions of tax deduction/collection at source under the Income-tax Act, 1961 and determine the amount, if any, of TDS and TCS…
33. Ms. Priyanka, General Manager of ABC Ltd., Mumbai, furnishes the following particulars for the financial year 2023-24: (i) Salary - 40,000 per month…
34. M/s. Ravi & sons, a partnership firm consisting of two partners, reports a net profit of 7,50,000 before deduction of the following items: Salary of…
35. The following are the details relating to Mr. Roshan, a resident Indian, relating to the year ended 31.03.2024 Particulars Amount (₹) Short term…
36. In the following cases relating to P.Y.2023-24, the total income of the assessee or the total income of any other person in respect of which he/she…
37. Briefly mention the provisions of Income-tax Act, 1961 with regard to quoting Aadhaar Number under section 139AA of the Act.
38. Ecotech Solutions Private Limited is engaged in manufacturing and supply of energy products and solutions across multiple States in India. The…
39. Mr. Jambulal of Himachal Pradesh starts a new business and makes following supplies in the first month- (i) Intra-State supply of taxable goods…
40. Simmo Singh, a resident of Punjab, is having a residential property in Amritsar, Punjab which has been given on rent to a family for 72 lakh per…
41. Mr. Nandan lal, registered under GST, is engaged in supplying services (as discussed in the table below) in Hyderabad. He has furnished the…
42. LSP Ltd., a registered supplier, sold a machine to Balwant Ltd. It provides the following information in this regard: S. No. Particulars Amount (₹)…
43. State the person liable to pay GST in the following independent services provided: (i) Sapna Builders, registered in Haryana, rented out 20…
44. “Little Smiles”, a photography firm, has commenced providing photoshoot services in Delhi from the beginning of current financial year 2023-2024. It…
45. Mr. Sohan, a trader registered under GST in Delhi is engaged in wholesale business of toys for kids. Mr. Roshan registered under GST in Patiala, a…
46. Mr. Raj of Rajasthan intends to start business of supply of building material to various construction sites in Rajasthan. He has taken voluntary…
47. Discuss briefly the place of supply of goods purchased over the counter in one State and transported to another State by the buyer.
48. 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…
49. Discuss whether the amount available in the electronic credit ledger can be used for making payment of any tax under the GST Laws?