MEENAKSHI ACADAMHY OF HIGHER EDUCATION AND RESEARCH –

FACULTIES OF HUNMANITIES AND SCIENCES

CAT -1 “A” -I INCOME TAX LAW AND PRACTICE
Total 30 marks
Part – A (5*2=10)
1. Define the term Assessee?
2. Who is Assesse in default?
3. What is previous year?
4. What are the five sources of income?
5. Who is resident?
Part – B (2*5=10)
6. Mr. j an Indian citizen, goes abroad on 01.04.2011 for the first time. He returns to
india on 15.02.2018. During the p.y. 2018 – 19 he was in India only for 185 days.
Find out the residential status of him for the A.Y. 2019-20
7. M.V. GEROGE after about 26 years of stay in India, Left for England in 01.04.2017

and returned to India on 15.04.2019 to take up a salaried Appointment. Find out his
residential status for the A.Y. 2019-20, Which the relevant p.y. of 2018-19.

Part-C (1*10=10)
8. For the accounting year ended 31.3.2019, Mr. Sashikhant furnishes the following
particulars of his income. Compute his total income suppose if he is an (i) ordinary
resident (II) Not an ordinary resident (iii) NRI
s. no Particulars Amount in (Rs.)
a Salary received in India 60000
b Profit from Business form Germany but received in India 15000
c Income from House Property In Pakistan, deposited into a bank there 12000
Profit from busimess established in Bangladesh, but business if
d controlled from India 46000
e Income accured in India but received from Sweeden 25000
In this accounting year, Mr. Sashikhant has brought into india foreign
f Income of earlier years 42700
g Profit from sale of Plant in Mumbai (50% amount only received in India) 160000
h Int. on Japan Development Bond 100000