Ques 1.

What do you understand by casual income? Discuss the provision of casual income under Income Tax Act?

Ques 2.

Mr. Vikash is getting a pension Rs. 4,000 per month from a company. During the previous year, he got two-third pension commuted and received Rs. 1,86,000. Compute the exempted amount, if (a) he also received gratuity (b) he did not received gratuity, for the assessment year 2022-23.

Ques 3.

For the previous year 2021-22, the business income of X Ltd. before
allowing expenditure on family planning is Rs.3,00,000. The company had
incurred the following expenditure on family planning amongst its
employees during the previous year 2021-22:
(i) Revenue expenses on family planning Rs 1, 65,000.
(ii) Capital expenditure on family planning Rs 9, 00,000.
a) Compute the deduction available for expenditure on family planning to the
company assuming the company has income from other sources amounting
to Rs. 30,000.
b) What will be your answer if the revenue expenditure on family planning is
Rs. 2, 30,000 instead of Rs.1, 65,000? 

Ques 4.

The following particulars of income are submitted by Smt. Suman Garg for the assessment year 2022-23. She lives at Delhi. i) Basic pay 10,000 p.m. ii) Dearness allowance @ 10% of salary iii) HRA 30% of basic salary. iv) Medical allowance Rs 200 p.m. (amount actually spent on her own treatment is Rs. 2,000). v) Warden ship allowance 400 p.m. vi) Rent from house Property Rs. 3,000 p.m. vii) Contribution to RPF 10% of basic salary. viii) House rent paid Rs. 6,000 p.m. ix) Donation to approved charitable institution Rs. 20,000 Compute her total income for assessment year 2022- 23.

Ques 5.

Discuss the various kinds of Securities? Explain the rule regarding grossing up of interest on Commercial Securities.

Ques 6.

Explain the conditions which should be satisfied for an individual to be resident but not ordinarily resident.

Ques 7.

How is tax avoided through Bond washing transactions?

Ques 8.

Define annual value and state the deductions that are allowed from the annual value in computing the income from house property.

Ques 9.

What items are disallowed as deduction in computation of firm's income from business or profession under Section 40(b)?

Ques 10.

Explain in brief the consequences of delay in Filing the Return.

Ques 11.

“The income of the previous year is taxed in the current year”. Explain.

Ques 12.

What are the provisions for calculating House rent allowance?

Ques 13.

State any five business losses which are not deductible from business income.

Ques 14.

In what circumstance is the income of one person treated as income of another?

Ques 15.

Explain the importance of branding in marketing of goods and services.

Ques 16.

Explain the term marketing with suitable examples. Discuss the elements of marketing mix and their role in strategy development.

Ques 17.

Write the consumer buying decision process in detail. Quote examples where required.

Ques 18.

Discuss various channels that are used in physical distribution of goods. Also explain the factors influencing choice of channel.

Ques 19.

Discuss in detail the various stages of product life cycle.

Ques 20.

Briefly explain the various types of marketing environment.

Ques 21.

Discuss the role of internet in consumer goods marketing.

Ques 22.

Explain the importance of pricing in the marketing mix.

Ques 23.

Explain the basic assumptions in Maslow’s hierarchy of needs.

Ques 24.

Prepare a marketing plan for a company producing a premium car.

Ques 25.

STP as a strategic marketing framework.

Ques 26.

Market segmentation

Ques 27.

Broker and commission agent

Ques 28.

Advertising and sales promotion