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10 MARKS: Explain residential status, How to determine the residential status. Elaborate agricultural income and the procedures regarding how it should be taxed. Explain the
10 MARKS:
- Explain residential status, How to determine the residential status.
- Elaborate agricultural income and the procedures regarding how it should be taxed.
- Explain the various income exempted u/s 10.
- Difference between Direct Tax and Indirect Tax.
- Illustrate the Layout of Scope of total income
- Layout simple format to compute salary income.
- Explain about allowances and its classification.
- Explain about Perquisites taxable for all (Specified and Unspecified).
- Explain about Provident Fund and its Types.
- What is Leave Encashment? How to calculate Exemption for Leave Salary.
- Explain Gross Annual Value and How to calculate Gross Annual Value.
- Explain About Interest Borrowed Capital and its Provisions.
- Explain the various incomes that are taxable under the head income from business or profession.
- Draw a layout for Income from Profession.
- Write about expenses or payment not deductible in certain circumstances (section 40A).
10 MARKS :
- Explain the main objectives of GST.
- Which is a major feature of GST.
- Explain the benefits of GST.
- Explain in detail about types of GST.
- Who should obtain the GST registration and what are documents required for GST registration.
- Bring out List of GST exemption
- What types of payment reversals are there?
- Explain the Levy and collection of GST Under CGST Act.
- Explain the input Tax Credit.
- Explain the Blocked Credit under GST.
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