Sample Mock Test paper (Checked)
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This document appears to be notes from tax or accounting lessons, covering several topics: - Dividends from Indian companies should be reported as other income. - Service tax applies when services are provided. - For a belated tax return, losses cannot be carried forward to offset future gains.
Sample Mock Test paper (Checked)
- 1. 9 marks Total marks 40.5
- 4. Dividend from Indian companies should be shown under income from other sources
- 5. Service tax is applicable when service is provided 2 marks
- 6. Question is asking whether loss can be carried forward. In this case since it is a belated return, loss can not be carried forward. Try to mention section nos. 1 mark return can be revised and loss can be carried forward as return is filed within time as provided under sub-sections of 139 See correct penalty chart in the answersheet
- 7. 3 marks
- 8. mention part no. (i) in this case Please give proper reasoning, do not just repeat the questions. quote sections 1 mark 3 marks
- 9. 2.5 marks Provide more reasons
- 10. 3 marks Question is asking about process of payment of advance service tax (same as advance income tax)
- 11. 2 marks also mention the treatment on non payment See answersheet
- 12. 8 marks
- 14. 3.5 marks