Solutions -CA IPCC Tax May 2012 Paper
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 |
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