Tiêu đề Taxation II - APC.pdf ✅

ABHISHEK PANDEY CLASSES 1 Taxation II | APC We Provide Classes For BCom All Sem In Search Of Quality, You Found APC Contents TOTAL INCOME......................................................................... 2 FIRM ASSESSMENT ...................................................................20 ADVANCE TAX .........................................................................27 TAX DEDUCTION AT SOURCE........................................................33 INTEREST ..............................................................................34 RETURN OF INCOME ..................................................................38 INPUT TAX CREDIT ...................................................................40 UNIT 1 Basic Concept .................................................................42 Unit 4 Part A Taxable event and Concept of supply .................................52 PART B Charge of GST ................................................................61 PART C TIME OF SUPPLY OF GOODS................................................63 Part D Place of Supply .................................................................66 UNIT 5..................................................................................69 CUSTOM DUTY .........................................................................74 VALUE OF SUPPLY .....................................................................81
ABHISHEK PANDEY CLASSES 2 Taxation II | APC We Provide Classes For BCom All Sem In Search Of Quality, You Found APC TOTAL INCOME 1. From the following particulars, compute the amount of allowable depreciation and capital gains for the previous year 2023-24: WDV of the Block of plant and machinery on 01-04-2023 ₹2,40,000 (consisting of Machine X and Machine Y having rate of depreciation 15%) Cost of machine Z (Depreciation rate 15%) acquired and put to use on November 2, 2023 ₹90,000 Assuming that Sales proceeds of Machine X during the previous year was (i) ₹1,30,000 or (ii) ₹4,00,000. 2. Sri Champak Chakraborty submits the following information for the previous year 2023-24: a) Salary income: Basic salary ₹21,000 per month; Dearness allowance 50% of basic salary: Children Educational allowance for his only child 300 per month; Free use of employer's Motor car of 1000cc (including driver) both for personal and official works; Professional tax paid by him 150 per month. He is provided with a house for which his employer pays rent of ₹2,000 p.m. b) Income from Profession ₹1,20,000: c) Bank interest on fixed deposit ₹8,500, d) Dividend from Indian Company ₹11,000; e) Life Insurance Premium on his own life ₹16,000; f) Deposited in PPF ₹10,000; g) Payment of health insurance premium (on own health) ₹10,000. From the above information compute total income and tax liability of Sri Chakraborty for the assessment year 25/24-25 assuming that he has opted for old tax regime.
ABHISHEK PANDEY CLASSES 3 Taxation II | APC We Provide Classes For BCom All Sem In Search Of Quality, You Found APC 3. Dr D. Mukherjee is a renowned medical practitioner. He furnished his Receipts & Payments account for the year ended 31 March, 2024: Particulars ₹ Particulars ₹ To Balance b/d To Consultation fees To Visiting fees To Loan from Bank (For professional purpose) To Gift from patients 2,70,000 1,70,000 80,000 5,00,000 20,000 By Rent of clinics By Electricity & water By Purchase of professional books By Household expenses By Purchase of motor car on 01-05-2023 By Surgical instruments By Salary to compounded By Life insurance Premium By Interest on loan By Car expenses By Balance c/d 35,000 60,000 20,000 50,000 2,00,000 3,00,000 60,000 40,000 30,000 60,000 1,85,000 10,40,000 10,40,000 Compute his Income from Profession for the assessment year 2024-25 considering the following additional Information: a) One-fourth of the car expenses are in connection with personal use. b) Depreciation on motor car is allowed @15% c) Depreciation on surgical instruments is allowed @40% 4. Debesh is a businessman. He furnished his Profit & Loss account for the year ended 31st March, 2024: Profit & Loss Account Debit ₹ Credit ₹ To Opening Stock To Purchases To Wages To Salaries To Advertisement To Depreciation To Audit Fees To Provision for Income-Tax To Import Duty 55,000 3,75,000 31,000 22,700 14,000 19,200 8,000 4,500 11,300 By Sales By Closing Stock By Profit from Sale of Building By Bank Interest By Commission Received By Bad Debt Recovered (Allowed in previous year) 5,30,000 66,000 12,300 5,200 5,300 12,000