ICSI Tax Laws Question Papers
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Who is liable to pay VAT Discuss the advantages of introduction of VAT in i India.
10 marks i Discuss a Rates of VAT and b Filing of return under VAT. i
10 marks i Discuss, with suitable example, various methods for computation of VAT liability. ii
10 marks v Write notes on a Registration under VAT and b Zero rating. i
10 marks o
1 2009 TL NS
Roll No.......................... Time allowed 3 hours Total number of questions 8 NOTE
Maximum marks 100 Total number of printed pages 8
All references to sections mentioned in Part-A of the Question Paper relate to the Income-tax Act, 1961 and the relevant Assessment Year 2010-11 unless stated otherwise. PART A Answer Question No.1 which is compulsory and any three of the rest from this part.
a Choose the most appropriate answer from the given options in respect of the following having regard to the provisions of the relevant direct tax laws i Which of the following income is agricultural income a Rent received from agricultural land b Income from dairy farm