Ipcc tax paper may 2012 solutions

IPCC 8556 views 19 replies

Solutions - IPCC Tax paper May 2012......for detailed solutions, visit www.saraogi.co.in (downloads section)

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

 

Replies (19)

Q NO 2(B) KA ANS ALAG HAI MERA....

QNO7(A) ME MUJHS EH.R.A ME THODI C GALTI HO GAYII.. 

         ME 50% OR 40 % ACTUAL PAD PER NIKAL AYA ,. JABKI HONA SALARY PER THA..

 

OR SIRG  QNO3(B) AND (C) ME BUS BTANA THA NA KI STATEMENT SAHI HAI YA NAHI. 

                                                    KYOKI USME SAMJH NHI AA RHA THA PERSENTATION KAISE KARNI HAI.. 

    REASON B NHI DE SAKTE THE..

ans of 2(b) shall be 87550

 

Please any one upload solutions of CAFM paper........

mene varacity vale question me true false me answer dene ki jgah valid invalid likha hai ... koi problem to ni hogi na marks to ni katenge na ... plz tel...

mera ques 7 (a) ka answer 252800 aa ra hai...

sir, can you post the detail answers

Sir can u please upload taxation paper may 2012

check7(a)

there in ur solution didnt considered tht DA is 50% only

pls check it correct the answer sir 

or am i wrong in this respect sad

In Qno.2(b) whether payment of rs.100000 was to be incuded in value of taxable services or not as the same was not received till 30-9-11. and advance was to be taken inclusive of tax? pls answer...............coz the solution uploaded here for this ques is inclusive of rs.100000

7 (a) Answer should be Rs. 264300/-

because Nov 11 to Mar 12 in Delhi, so 50% of Baisc + DA ceiling will be applicable and not 40%

 

Originally posted by : preeti kaur bedi

In Qno.2(b) whether payment of rs.100000 was to be incuded in value of taxable services or not as the same was not received till 30-9-11. and advance was to be taken inclusive of tax? pls answer...............coz the solution uploaded here for this ques is inclusive of rs.100000


Yes, it will be included since as per new point of taxation rules, services are included on accrual baisis once bill is raised except for 7 specific services where taxable on receipt basis.,

sir 4(B) Ka answer wrong hai uska sahi answer hai 92700 kyonki ye same question RTP May 2012 Mai Given Hai

pl provide IPCC accounting paper 1 solution


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