All of you who have written FSCM paper, please write to icai exam dept regarding case study 1 at the email address given in the following notification.
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Please those whoever wrote this paper send feedback
I gave International Taxation
Threre was one objective type question regarding applicability of EQUALIZATION LEVY, all option was incorrect as per my knowledge. please check and reply.
CASE Study-1 Que (e) (ix)
Que: ACL would not be liable for equalization levy if it was
(A) Situated in North eastern State.
(B) Situated in Union Territory of Pondichery.
(C) Situated in Jammu & Kashmir.
(D) A Domistic company in which public are not substantially interested.
@ poonam Not required. Only the options in capital letters will suffice.
It has answered in the same way in the mock test paper.
Risk Management Question Paper November 2018.
j n k https://www.caclubindia.com/articles/insight-to-equalisation-levy-31919.asp
It has been specifically mentioned in the question paper to mention only the option in capital letters. So reasoning is not required.
Thanks a lot for finding
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