IPCC discuss and download may exam !!

Amruta Bhide

Article Student

21 Points Joined February 2010

Hey.. Is there any mistake in question number 7 (a) of PCC paper?? They had asked for computation of total income for AY2011-12 instead of AY 2012-13. or the question was for AY 2011-12 only???

Pankaj Saraogi

Faculty - Tax Laws

611 Points Joined August 2010

Solutions - IPCC Tax paper May 2012......for detailed solutions, visit www.saraogi.co.in (downloads section)

Q. No.		Answer
1(a)		Total income = 9,83,820, Tax = 1,50,530
1(b)		Tax payable = 88,065
1(c)		Net VAT payable = 80,000
2(a)	(i)	Yes he is reuired to file ROI
	(ii)	15,000
2(b)		Value of taxable services = 8,45,330, Tax = 87,069
3(a)		24,531
3(b)		False, False, False, False, False, True, False, False
3(c)		False, False, False, True, False, False, False, True
4(a)		Total income = 10,64,000
4(b)		Service tax = 91,052
4(c)		Tax payable = 5,15,350
5(a)		Mr. A = 2,60,500, Mrs. A = 2,40,000, Minor child = 20,000
6(a)		20 lacs
6(b)		6,25,567
6(c)		10,488
7(a)		2,65,300

prashuk jain

student

21 Points Joined September 2011

please upload the solutions for the may,12 ipcc exams..

Can any one please answer.. In IPCC 2012 tax paper, i wrote answer "correct or Incorrect" instead of True of False for the question asked as "Test the veracity of the following statements". Does my answer right or wrong..Plz suggest me.