Direct Tax CA Final (Old syllabus) Nov 2020 Exam - A Meaningful Insight & Suggested Answers

Question No.

Chapter Name / Section No.

Marks

Average expected performance of the students

Tricky Adjustments/ points

1

Computation of Total Income

14

Able to manage 75%

Refer point (c), (e), (f) of this question

2 (a)

Assessment of Charitable Trust

8

Able to manage 80% to 100%

Not much

2(b)

Computation of Unilateral Relief under section 91

6

Able to manage 80% to 100%

Not Much

3(a) (i)

TDS under section 192

2

Able to manage 70% to 90%

Judgment of Supreme Court

3(a)(ii)

TDS under section 194I

2

Able to manage 70% to 90%

Judgment of Supreme Court and CBDT Circular

3(a) (iiI)

TDS under section 194J

2

Able to Manage 70% to 90%

CBDT Ciruclar

3(a)(iv)

TDS under section 195

2

Able to manage 50% to 60%

Taxability of Commission in India in the hands of Agent. To answer this question one assumption required

3(b)

Taxation of Non-residents – section 115 BBA

6

Able to manage 70% to 90%

Proper drafting required while answering 3(b)(iii)

4(a)(i)

Assessment Procedure- Section 144C

4

Able to manage around 30%

Whether filing of appeal to CIT(A) possible when draft order deemed to have been accepted?

4(a)(ii)

Powers of IT authorities – Section 132B

4

Not able to manage

It requires thorough understanding of Section 132B and the relevant case law

4(a)(iii)

Re-assessment proceedings under section 147

4

Able to manage around 30%

Judgment of Supreme Court

4(b)(i)

Taxation of Non-residents – Section 9 - Business connection

2

Able to manage 50%

Very old judgment of Supreme Court

4(b)(ii)

Taxation of Non-residents – Section 9 - Business connection

2

Able to manage 30%

Judgment of Court

4(b)(iii)

Taxation of Non-residents- Section 9 and 115A

2

Not able to mange

This question is an abridged form of one question in Nov 2003 attempt

5(a)(i)

Powers of IT authorities – Section 132B

4

Not able to manage

It requires thorough understanding of Section 132B

5(a)(ii)

Penalty- Section 270AA

4

Able to manage

50%

It requires thorough understanding of Section 270AA

5(b)

Transfer Pricing – Section 92CE

6

Able to manage 50% to 70%

Amendment made by Finance Act 2019

6(a)(i)

AAR

6

Able to manage 30% to 50%

It requires thorough procedural understanding

6(b)

Tax planning – avoidance – management

4

Able to manage 70% to 90%

Proper drafting required

6(c)

Dividend Stripping- Section 94(7) and computation of Capital Gain

4

Able to Mange 60% to 80%

Cutoff date for the purpose of section 94(7)