CA Final Group II : Direct Taxes - November 2007

CA Final - Group IIDirect Taxes • November 2007
This Paper has 26 answerable questions with 0 answered.
Roll No……………
Total No. of Questions — 8][Total No. of Printed Pages — 4
Time Allowed : 3 HoursMaximum Marks : 100
Answers to questions are to be given only in English except in the cases of candidates who have opted for Hindi medium. If a candidate who has not opted for Hindi medium, answers in Hindi, his answers in Hindi will not be valued.
Answer all questions.
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5.(a)11 (0)
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6.(a)Prakash, a member in two AOPs, namely, “AOP & Co.” and “Prakash & Akash ”, provides the following details of his income for the year ended on 31.3.2007:6 
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 (b)What is the quantum of penalty that could be levied in each of the following cases:3 
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7.Examine and state, in the context of provisions of the Act, as to correctness of the following actions of the Income–tax authorities or of others:   
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8.(a)Mr. Rajpal gives the particulars of various assets held by him on 31.3.2007 and requests you to compute his net wealth by explaining in brief that why the same was dealt with like that :5 
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