IGNOU BCOC-136 June 2022 Previous Year Question Paper

Q1.(a) What do you mean by Casual Income ? Give three examples. Explain when partial integration is done in case of agricultural income. 34344

(b) Compute agricultural income from cultivation of land : 10 (@) Sale proceeds of agricultural 1,70,000 produce Gi) Depreciation of equipments 7,000

(iii) Labour charges 25,000

(iv) Cost of seeds 5,000

(v) Cost of fertilizers 3,000

(vi) Electricity charges 13,0

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Q2.Mr. Radhey Shyam is employed in a company during the previous year 2020 — 21. Details of his income are as follows : 20

(a) Salary @ = 20,000 p.m.

(b) Dearness allowance @ = 2,000 p.m.

(c) Medical allowances @ = 5,000 p.m.

(d) Bonus equal to 2 months’ salary

(e) Commission 8 ₹ 20,000 9.8. The following perquisites are provided by the employer :

(i) A sweeper and a cook getting salary of = 1,500 p.m. each. Gi) A car of 1400cc for commuting from residence to office for which the employer pays the expenses.

(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 per month.

(v) Free gas, electricity and water facility = 20,000 for previous year. Compute taxable salary of Mr. Radhey Shyam for the assessment year 2021 — 22.

Q3.(a) Explain the rule for computing depreciation allowance in case of income from Business and Profession. 10

(b) Explain the provision of Section 43 B with regards to deductions to be allowed only on payment basis.

Q4.(a) Discuss the provision of Section 54 regarding capital gains on transfer of house property used for residential purposes. 10

(b) Compute income from the other sources of Mr. Anupam for assessment year 2021-22: 10 (@) Winning from Horse Race 10,000

(ii) Loss in card games 3,000

(iii) Winning from wager 25,000

(iv) Amount received from 66,500 winnings of lottery

(v) Winning from T.V. show 50,000 (Gross)

Q5.What do you mean by Clubbing of Income ?

Q6.Discuss the provisions regarding clubbing of income.

Q7.The following are the particulars of Shri Apoorva for the Assessment Year 2021 — 22. Compute his taxable income. 20

(i) Income from house property 25,000 (computed)

(ii) LTCG on building 30,000

(iii) Life insurance premium paid 1,000

(iv) Winning from lottery 80,000

(v) Interest on Government Securities 12,000

(vi) Income from cloth business 1,25,000

(vii) Profit from business of growing 40,000 mushrooms

(viii) Profit from business of dairy 15,000 farming

Q8.Discuss the different Tax Authorities and their functions in detail.

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

(i) Residential status of a company

(ii) House Rent Allowances

(iii) Bond washing transactions

(iv) Deduction in respect of donations to certain Charitable Institutions (80G)

(v) Online filing of Return