Course: Taxation- Direct and Indirect

December 2021 Examination

1. GST is called as consumption based tax. Discuss and verify this statement with the help of
a relevant example. Also, elaborate on the different categories of GST (10 Marks)

2. Following emoluments are received by Ms Sangeeta during the previous year ended on
31.3.2021

Basic salary 250000
Dearness Allowance 10000
Commission 2500
Entertainment allowance 2000
Medical expenses reimbursed 25000
Professional taxes paid 2000(Rs1000 paid by employer)
Ms. Sangeeta contributes Rs 2000 towards the Recognized Provident Fund
She has no other income.
Compute the income from salary for A.Y 2021-22, and give reasons and explanations
wherever required, If Ms. Sangeeta is a Government employee. (10 Marks)

3. From the following information, furnished by Ms. Anucampa pertaining to the financial
year ended as on 31st march 2021,

Short term capital gains on sale of shares in an Indian company received in Japan	10000
Dividend from a Chinese company received in China	3000
Agricultural income from land in Madhya Pradesh	5000
Dividend from PJV  Ltd an Indian Company	4745
Gross Rent from a residential property located at Singapore, later on remitted to   the saving account in Bank of Maharashtra, Mumbai using the approved channels	600000

Compute the total income and give reason for considering/ not considering these specific
items for the relevant assessment year 2021-22, if she is

a.Resident and ordinary resident (5 Marks)

b. Non resident (5 Marks)

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