Q. No.
Answer
1(a) Total income = 9,83,820, Tax = 1,50,530
1(b) Tax payable  = 88,065
1(c) Net VAT payable = 80,000
2(a) (i) Yes he is reuired to file ROI
(ii) 15,000
2(b) Value of taxable services = 8,45,330, Tax = 87,069
3(a) 24,531
3(b) False, False, False, False, False, True, False, False
3(c) False, False, False, True, False, False, False, True
4(a) Total income = 10,64,000
4(b) Service tax = 91,052
4(c) Tax payable = 5,15,350
5(a) Mr. A = 2,60,500, Mrs. A = 2,40,000, Minor child = 20,000
6(a) 20 lacs
6(b) 6,25,567
6(c) 10,488
7(a) 2,65,300

Source: CAclubindia

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adminUncategorizedCA,CA Announcement,Ipcc,May 2012 PapersQ. No. Answer 1(a)Total income = 9,83,820, Tax = 1,50,530 1(b)Tax payable  = 88,065 1(c)Net VAT payable = 80,000 2(a)(i)Yes he is reuired to file ROI (ii)15,000 2(b)Value of taxable services = 8,45,330, Tax = 87,069 3(a)24,531 3(b)False, False, False, False, False, True, False, False 3(c)False, False, False, True, False, False, False, True 4(a)Total income = 10,64,000 4(b)Service tax = 91,052 4(c)Tax...Helping Hand of Professionals