Mr. Abhishek recently passed the MBBS exams and started practicing as a doctor. On the occasion of his birthday,

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Taxation Direct & Indirect
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Taxation Direct & Indirect
Question 1
Miss Nihali recently joined Accenture as Head IT. Her CTC amounts to 24 lacs. There is
formal procedure which every company’s accounts department follows while
processing the salaries payment to the employees for any financial year. You being the
accounts manager of the company, discuss on the points to be taken care of while
charging tax under the head income from salary for the employees. (10 Marks)
Question 2
Mr. Abhishek recently passed the MBBS exams and started practicing as a doctor. On
the occasion of his birthday, he received a cash gift worth 51000 from one of his
father’s friend. Further, one of his patients also gifted him a plot of land, as an
appreciation for his personal qualities and dedication towards his work. Discuss with
suitable reasons, whether the receipts are taxable or not and if yes, then the head of
income under which the receipts are taxable. (10 Marks)
Question 3 Mr. Arman has a gross total income of Rs 1350000 for the Assessment year
2018-19. He made following payments during the year
a. Compute the eligible amount of deduction under Chapter VI-A for the Assessment Year
2018-19 (5 Marks)
Calculation part
b. What if, in addition to this he also contributed in certain work of literacy and earned a
royalty income amounting Rs15 lacs, as a lump sum consideration by authoring certain
books. Compute the additional eligible amount of deduction explaining the relevant
provision. (5 Marks)
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