CA Final Group II : Direct Taxes - May 2008

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.
Marks
1.13 (0)
2.(a)3 (0)
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 (c)5 (0)
3.(a)8 (0)
 (b)6 (0)
4.(a)State with reasons, based on the provisions of the Act, as to chargeability of the following receipts to tax in the assessment year 2008–09:2x5=10 
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 (b)3 (0)
5.(a)Examine the following cases and state whether the same are liable for penalty as per the provisions of the Income–tax Act:2x3=6 
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  (ii)   (0)
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6.(a)3 (0)
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7.Answer the following in the context of provisions contained in Income–tax Act, 1961: 4x3=12 
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8.(a)5 (0)
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