CS PP - Module III : Advanced Tax Laws and Practice - June 2010

This Paper has 59 answerable questions with 12 answered.
Roll No………
Time allowed : 3 hoursMaximum marks : 100
Total number of questions : 8Total number of printed pages : 8
NOTE :All references to sections mentioned in Part – A of the Question Paper relate to the
Income – tax Act, 1961 and relevant Assessment Year 2010 – 11, unless stated otherwise.
PART — A
(Answer ANY TWO questions from this part.)
1.(a)Choose the most appropriate answer from the given options in respect of the following :  
  (i)   (1)
  (ii)   (1)
  (iii)   (1)
  (iv)   (1)
  (v)   (1)
 
(1 mark each)
  
 (b)Re-write the following sentences after filling-in the blank spaces with appropriate word(s)/figure(s) :  
  (i)   (1)
  (ii)   (0)
  (iii)   (0)
  (iv)   (1)
  (v)   (0)
 
(1 mark each)
  
 (c)  (0)
 
(5 marks)
  
2.(a)Answer any two of the following :  
  (i)   (0)
  (ii)   (0)
  (iii)   (0)
 
(3 marks each)
  
 (b)Distinguish between the following :  
  (i)   (0)
  (ii)   (0)
 
(3 marks each)
  
 (c)  (0)
 
(3 marks)
  
3.(a)  (0)
 
(5 marks)
  
 (b)  (0)
 
(5 marks)
  
  (c)   (0)
 
(5 marks)
  
PART — B
(Answer Question No.4 which is compulsory
and any two of the rest from this part.)
4.(a)Choose the most appropriate answer from the given options in respect of the following :  
  (i)   (1)
  (ii)   (1)
  (iii)   (0)
  (iv)   (1)
  (v)   (0)
  (vi)   (0)
  (vii)   (0)
  (viii)   (0)
 
(1 mark each)
  
 (b)Rewrite the following sentences after filling-in the blank spaces with appropriate word(s)/figure(s) :  
  (i)   (1)
  (ii)   (1)
  (iii)   (0)
  (iv)   (0)
  (v)   (0)
  (vi)   (0)
  (vii)   (0)
 
(1 mark each)
  
 (c)  (0)
 
(5 marks)
  
5.(a)  (0)
 
(5 marks)
  
 (b)  (0)
 
(5 marks)
  
 (c)  (0)
 
(5 marks)
OR
  
    (0)
 
(5 marks)
  
6.(a)  (0)
 
(5 marks)
  
 (b)  (0)
 
(5 marks)
  
 (c)  (0)
 
(5 marks)
  
7.(a)Differentiate between the following :  
  (i)   (0)
  (ii)   (0)
  (iii)   (0)
 
(3 marks each)
  
 (b)  (0)
 
(3 marks)
  
 (c)  (0)
 
(3 marks)
  
PART — C
8.Attempt any five of the following :   
 (i)  (0)
 
(4 marks)
  
 (ii) Compute the ‘arm length price’ (ALP) in the following cases :   
  (a)   (0)
  (b)   (0)
 
(2 marks each)
  
 (iii)Compute the income-tax in the following cases :  
  (a)   (0)
  (b)   (0)
 
(2 marks each)
  
 (iv)  (0)
 
(4 marks)
  
 (v)  (0)
 
(4 marks)
  
 (vi)State, with reasons in brief, whether the following statements are correct or incorrect:  
  (a)   (0)
  (b)   (0)
  (c)   (0)
  (d)   (0)
 
(1 mark each)