CA Inter Taxation MTP September 2024: 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. Rudra is engaged in the business of trading since 2018. His turnover for the P.Y. 2022-23 was 6 crores. His minor daughter's marriage is fixed…
2. Mr. Mayank had bought a residential house worth - 2.5 crores at South Extension, Delhi in 2018 and let out the house on rent to Mr. Rihaan. The…
3. Mr. Arpan (aged 35 years) submits the following particulars for the purpose of computing his total income: Particulars ₹ Income from salary…
4. Mr. Raja, aged 64 years, was not able to provide satisfactory explanation to the Assessing Officer for the investments of 7 lakhs not recorded in…
5. Mr. Ayush, a resident individual, aged 54 years, is engaged in the business of manufacturing textiles. He earned profit of 82,45,000 as per profit…
6. Miss Geeta, a citizen of India, got married to Mr. Peter of Australia and left India for the first time on 20.8.2023. She has not visited India…
7. Briefly discuss the provisions of tax deduction at source under the Income-tax Act, 1961 and determine the amount, if any, of TDS in respect of the…
8. Mr. Jain and his wife Mrs. Jain are partners in a partnership firm holding 25% share each. During the F.Y. 2023-24, the firm paid - 2,50,000 to each…
9. Mr. Ram, an employee of the Central Government is posted at New Delhi. He joined the service on 1 st February, 2021. Details of his income for the…
10. Determine the capital gains/loss on transfer of listed equity shares (STT paid both at the time of acquisition and transfer of shares) and units of…
11. Mr. Aman has furnished the following particulars relating to payments made and expenditure incurred towards scientific research for the year ended…
12. Mr. Sailesh is a Marketing Manager in Smile Ltd. From the following information, you are required to compute his income chargeable under the head…
13. Himadri started providing a bouquet of goods and services in the month of April of the current financial year under the regular scheme in the State…
14. Suvidha Enterprises issued invoices pertaining to two independent outward supplies, where in one invoice value of supply was understated by - 75,000…
15. Riya & Co., a partnership firm, is engaged in retail trade since 1 st April. The firm became liable for registration on 1 st October. However, it…
16. M/s. ABC & Co., a chartered accountancy firm, has its office in Bengaluru. It is registered under GST in the State of Karnataka. In the month of…
17. Guru Enterprises (Delhi), a registered taxpayer, made a taxable supply to Y Ltd. (Delhi) for a price of 10,00,000 (excluding any tax or discounts).…
18. Keshav Ltd., a registered company of Chennai, Tamil Nadu has provided following education related services for the month of October: Particulars…
19. Champak Ltd. avails legal services from a firm of advocates. The firm issues invoice for the services to Champak Ltd. on 17 th Feb. However, Champak…
20. Mr. Jagmag is a registered dealer in Kerala paying tax under composition levy from 1 st April. However, he opts to pay tax under regular scheme from…
21. Mrs. Gargi, a registered dealer in Rajasthan, did not file GSTR-3B for the month of June, but she wants to file GSTR-3B for the month of July. Is it…
22. Can a chartered accountant become a GST practitioner (GSTP)? Discuss.
23. What would be the place of supply of services provided by an event management company for organizing an event which is held in multiple States?
24. Services provided by an entity registered under section 12AB of the Income-tax Act, 1961 are exempt from GST if such services are provided by way of…
25. List the details of outward supplies which can be furnished using Invoice Furnishing Facility (IFF).
26. Which are the commodities which have been kept outside the purview of GST? Examine the status of taxation of such commodities after introduction of…
27. Mr. Sambhav (aged 48 years) furnishes the following particulars for the previous year 2023-24 in respect of an industrial undertaking established in…
28. Mr. Anshul, aged 54 years, an Indian citizen, is working as Assistant Manager in ABC India Ltd. He is getting basic salary of 58,000 per month. He…
29. Mr. Ross, an Australian citizen, is employed in the Indian embassy in Australia. He is a non-resident in India for A.Y. 2024-25. He received salary…
30. Which of the following returns can be revised under section 139(5)? (i) A return of income filed u/s 139(1) (ii) A belated return of income filed…
31. Ms. Farah, aged 40 years, is an advocate (Taxation). She keeps her books of accounts on accrual basis. Her profit & loss account for the year ended…
32. Sagar, a Chartered Accountant, is presently working in a firm in India. He has received an offer for the post of Chief Financial Officer from a…
33. 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…
34. Mr. Kamal, a resident but not ordinarily resident in India during the Assessment Year 2024-25. He owns two houses, one in Dubai and the other in…
35. Mr. Ashish entered into an agreement with Mr. Dhaval to sell his residential house located at Navi Mumbai on 16.08.2023 for 80,00,000. The sale…
36. Mr. Mohit submits the following information for the previous year 2023-24: (Amount in ₹) (i) Income from salary 6,50,000 (ii) Income from House-I…
37. What are the consequences of failure to intimate Aadhar Number. Is there any fee for such default?
38. (i) What is the fee for default in furnishing return of income u/s 234F? (ii) To whom the provisions of section 139AA relating to quoting of Aadhar…
39. M/s. Maahi & Co., a LLP registered dealer under GST, is engaged in various types of business activities. It provided GTA services to Government…
40. Kids Bazaar Pvt. Ltd., registered in Maharashtra sells kids clothing via an E-commerce operator Champ.com. Mr. Dhruv placed an order of 10 sets of…
41. Miss Gyati, a jeweller registered under GST in Mumbai, wants to sell her jewellery in a Trade Expo held in Delhi. Which of the following statements…
42. Vishwanath Ltd., a registered supplier in Karnataka has provided the following details for supply of one machine·: Particulars Amount in (₹) (1)…
43. Veda Ltd. procured the following goods in the month of January, 2024. Inward Supplies GST (₹) (1) Goods used in constructing an additional floor of…
44. Determine the place of supply in the following independent cases:- (i) Harpreet (New Delhi) boards the New Delhi-Kota train at New Delhi. He sells…
45. Green Agro Services, a registered person provides the following information relating to its activities during the month of February, 2024: Gross…
46. Sheen Ltd. a registered supplier wishes to transport cargo by road between two cities situated at a distance of 372 kilometres. Calculate the…
47. Apex Cinemas, a registered person engaged in making supply of services by way of admission to exhibition of cinematograph films in multiplex screens…
48. Who are not eligible to opt for composition scheme for goods under GST laws?
49. Under the GST law, taxes on taxable services supplied by the Central Government or the State Government to a business entity in India are payable by…
50. Who can be registered as Goods and Service Tax Practitioners under Section 48 of the CGST Act, 2017?