How is PCC/IPCC Taxation Paper today ?

IPCC 1314 views 6 replies

How is the Tax Paper today ? For PCC & IPCC. Please upload IPCC question paper. What are the answers for the following questions in PCC ?


1(a) Mr. Ram is Resident & Ordinary Resident, am I Correct ?

1(d) How much is VAT Liability ? 

2(a) What is Total Income of Mr. Raju and Business Income ?

3(a) How much is the Income from House Property ?

3(b) How much is the Service Tax Liability ?

4(c) How much is Service Tax liability ?

7(b) What is the Vat Payable under subtraction method ?

Replies (6)

 todays ipcc taxation paper is tough

paper is so difficult nd technical .........

s tax nd vat is so technical im nt happy wid this

very surprising to see a lot of questions on Service tax in PCC paper 

@ Vuele

How can he be RNOR in ans 1...?

Its given that "HE left india for the first time in search of employment".. So condition 2 of Section 6(1) wont apply to him.... Only cond 1 ll apply... However his stay is less than 180 dys.... 

Yes, he stayed less than 180days in PY but the 2nd condition is

(i) He must be in India 2yrs out of 10yrs in the previous years preceding years and must stay in PY atleast 60days.


AND


(ii) He must stay in India 730days in the 7preceding PY's 



So the above two conditions in 2nd Condition is satisfied, so I felt that he is Resident & Ordinarily Resident. 


Let me know am I correct or not ?

 

Residential Status

 


(a)       Condition of [Sec 6(1)]

      

i. An individual must be in India for atleast 182 days during previous year.

 

Or

      

ii. An individual must be in India for at least 365 days during 4 years.

 

And

         

Atleast 60 days during previous years.

 

 

The following are exemption for condition of [Sec 6(1)] ii

 

a.   An Indian citizen leaving India for employment.

b.   An Indian citizen leaving India as a crew member.

c.   A person of Indian origin @  coming on a visit.

      

@ A person is deemed to be of Indian origin if he or either of his parents or any of his grandparents was born in Undivided India.

 

(b)     Conditions of [Sec 6(6)]

 

i.    An Individual must be a resident in India for atleast 2 out of 10 previous years immediately preceding previous years.

 

And

 

ii.    An Individual must be in India for atleast 730 days during 7 previous years preceding previous year.


Also Refer

/articles/all-about-income-tax-7342.asp


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