bieap.gov.in Accounting & Taxation Vocational Practical Question Bank : Andhra Pradesh State Institute of Education

Board : Andhra Pradesh State Institute of Vocational Education
Course : Vocational Practical | Accounting & Taxation
Document Type : Question Bank
Website : https://bie.ap.gov.in/

Download Model/Sample Question Paper :
1st Year : https://www.pdfquestion.in/uploads/7355-atyr1.pdf
2nd Year : https://www.pdfquestion.in/uploads/7355-atyr2.pdf

BIE Accounting & Taxation Vocational Practical Question Bank

First Year:
Subject : Taxation – I
Paper – III:
Time : 3 Hours Max. Marks : 50

Related : Andhra Pradesh State Institute of Education Retail Management Vocational Practical Question Bank : www.pdfquestion.in/7352.html

Section – I

Application for PAN form 49(a):
1. For Individual
2. For HUF
3. For Firm
4. For Company
5. For Co-operative Society
6. For Local Authority

Section – II

7. Define income as per income tax act 1961
8. Give any FOUR examples for revenue and capital expenditure
9. Give any FOUR examples for revenue and capital receipts
10. What are the conditions for residential status of an individual
11. Mention any TEN incomes are fully exempted from tax
12. How to identify about Indian income and foreign income

Section -III

13. Calculation of taxable HRA of Mr. X:
Basic Pay – R 20, 000 per month
Dearness allowance – R 10, 000 per month
Bonus – R 8, 000 per annum
Commission – R 11, 000 per annum
HRA Received -R 5000 per month (rent paid Rs. 8,000 per month)

14. Calculation of exempted HRA of Mr. Y:
Basic Pay R 30, 000 per month
Dearness allowance R 12,000 per month (part of the salary)
Bonus R 25,000 per annum
Commission R 11,000 per annum
HRA Received R 8000 per month at Hyderabad (rent paid R 11,000 per month)

15. Draw the proforma of taxable HRA with imaginary figures
16. Draw the proforma of exempted HRA with imaginary figures (in case of assesee residing at Delhi)
17. Fill up FORM no 16 with imaginary figures
18. Draw the statement of value of perquisites Form 12 BA

Section – IV

19. Draw the proforma of income from house property

20. Calculate gross annual value from following particulars:
a. Muncipal rental value R 2, 50,000/-
b. Fair rental value R 3, 00,000/-
c. Actual rental value R 3, 50,000/-

21. If net annual value is R 2,50,000/- what are the deductions under section 24(a) and 24(b) interest on loan for construction of house R 25,000/-
22. What is the taxable income if house self occupied and write briefly about self occupied house.

23. What is the taxable income from house property of Mr Harsha:
(a) Let-out house income R 1, 50,000/-
(b) Loss from self occupied first house R 8,000/-
(c) Loss from self occupied second house R 10,000/-

24. Calculation of taxable income from house property from the following items:
(a) Rent received from tanent R 14000 pm
(b) Municipal tax paid R 1000 pm
(c) Interest on loan paid for construction of house R 30,000/- , House construction completed in April 2008

Section –V

25. Fill up challan no ITNS 280
26. SAHAJ ITR – I with imaginary figures
27. Acknowledgement ITR-V
28. fill the form no.ITR – II
29. Mention Tax rates for Senior Citizen
30. Mention tax rates of an individual, if age is less than 65yrs.

Section -VI

Record – 5 Marks
Viva – 5 Marks

Taxation – I

Paper – III:
Time : 3 hours Max. Marks : 50
Section – I 1 x 8 = 8 marks:
3. Application for PAN form 49(a) for Firm

Section – II 1 x 8 = 8 Marks:
10. What are the conditions for residential status of an individual

Section – III 1 x 8 = 8 Marks:
14. Calculation of exempted HRA of Mr. Y:
Basic Pay R 30, 000 per month
Dearness allowance R 12,000 per month (part of the salary)
Bonus R 25,000 per annum
Commission R 11,000 per annum
HRA Received R 8000 per month at Hyderabad (rent paid R 11,000 per month)

Section – IV 1 x 8 = 8 Marks:
22. What is the taxable income if house self occupied and write briefly about self occupied house.

Section – V 1 x 8 = 8 Marks:
25. Fill up challan no ITNS 280

Section – VI:
Record 5 Marks
Viva 5 Marks

Note : The Serial numbers of the questions mentioned above are the serial numbers in question bank. In practical examination only the serial number of the questions will be given, the examiner shall decode it with question bank and give the questions.

Subject : Taxation – I
Paper – III:
Time : 3 hours Max. Marks : 50
Section – I, II, III, IV, V (5 x 8 = 40 marks):
1. Introduction : 2 marks
2. Structure : 2 marks
3. Main Objective : 2 marks
4. Conclusion : 2 marks

Section – VI:
Record : 5 Marks
Viva Voce : 5 Marks