IGNOU BCOC-136 December 2025 Previous Year Question Paper

Q1.(a) What do you understand by casual income ? How are they treated under the Income Tax Act ? 10

(b) Explain the provisions of Income Tax Act for an individual, if he is : 10

(6) An Ordinary Resident Gi) A Not Ordinary Resident

Q2.(a) What are the provisions of Income Tax Act regarding commutation of pension ?

(b) What is Provident Fund ? Explain the treatment of recognized provident fund under Income Tax Act.

Q3.(a)

(i) What does the term ‘Capital Gains’ signify under the Income Tax Act ? Gi) Mr. Anil, a citizen of Spain has been staying in India since 1987. He leaves India on 16-7-2023 on a visit to U.S.A. and returns on 4-1-2024. Determine his residential status for the previous year 2023-24. 7

(b) Explain income that deemed to accrue or arise in India.

Q4.Prof. Vijeta Aggarwal declares the following particulars of income for the

Q5.४. 2024-25 : @ Salary % 5,000 per month Gi) Servant allowance % 200 per month

(ii) Royalty from books = 18,000

(iv) Net amount received from lottery = 28,000

(v) Expenses on lottery tickets = 10,000

(vi) Winning from card games = 6,000 Calculate her total taxable income for the assessment year 2024-25.

Q6.Aliya is the owner of a house property in Pune. It is let out for = 90,000 p.a. The municipal tax payable by the owner comes to = 10,000, but the landlord has taken an agreement from the tenant stating that the tenant would pay the tax direct to the municipality. The landlord, however, bears the following expenses on tenant's amenities under an agreement : Particulars z Water charges 1,500 Lift maintenance 1,000 Lighting of stairs 800 Gardener's salary 700 The landlord claims the following deductions : z Repairs 20,000 Land Revenue 2,000 Collection charges 6,000 Legal expenses incurred in connection with the purchase of land on which the house is built. 24,000 Compute the taxable income from house property for the A.Y. 2024-25.

Q7.Explain clearly the meaning of the term ‘Dividend’ as defined in the Indian Income Tax Act. What are its different types ? Point out the law relating to taxation of dividends. (5+7+8)

Q8.Mr. Rahul is employed in a company. He gets the following from the company : @) Salary @ % 20,000 p.m.

(ii) Dearness Allowance @ % 2,000 p.m.

(iii) Medical Allowance @ @ 5,000 p.m.

(iv) Bonus equal to 2 months’ salary

(v) Commission @ ₹ 20,000 9.8. The following perquisites are provided by the employer : (@) A sweeper and a cook getting salary of = 1,500 p.m. each.

(i) Acar of 1400 CC for his personal use for which the employer pays.

(iii) Rent-free unfurnished house in Etawah (Population less than 10 lakhs) owned by employer, annual rental value of which is = 1,00,000.

(iv) A gardener whose salary is = 2,000 p.m.

(v) Free gas, electricity and water facility for private use, employer actually paid for this facility = 20,000 for previous year. Compute taxable salary of Mr. Rahul for the ALY. 2024-25.

Q9.Write short notes on any four of the following : 4x5=20

(a) Marginal Relief

(b) Deduction under Section 80D

(c) Clubbing of income

(d) Gratuity (९) e-Filing of Income Tax Return

(f) Previous Year and Assessment Year 5+7+8

(a) aaa Ted (Marginal Relief)