Professional Documents
Culture Documents
Section A
5. What is PAN?
[10x2 = 20
marks]
Section B
12.Explain the incomes exempted from tax under the head income from
capital gain.
14.Explain the valuation of Gas, Electricity and water under the head income
from salary.
15.Calculate the taxable capital gain. An asset was purchased in the year
2000-03 for Rs.426000. During the PY it was sold for Rs.800000. Expenses
in connection with the transfer of sale is Rs.10000. [CII2000-03:447;2007-
08:551]
[6 x 5 = 30
marks]
Section C
To donation 8,000
7,00,000
7,00,000
Bonus Rs.5000
Fees Rs.1000
[3 x 10 = 30
marks]