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(DCM 21)

M.Com. DEGREE EXAMINATION, MAY 2011.


Second Year
Paper I INTERNATIONAL BUSINESS
Time : Three hours

Maximum : 100 marks

SECTION A (5 4 = 20 marks)
Answer any FIVE of the following.
1.

(a)

Concept of International business.

A>j$ $$ .
(b)

Opportunity cost theory.

AM> $ $$.
(c)

MNC.

$ g .
(d)

Multi lateral trade.

$$$Q M$$.
(e)

Protectionism.

.
(f)

Production possibility curve.

E AM> {MQ.

(g)

Advantages of MNCs to host country.

A >M MNC {*f$.


(h)

Engine of economic growth.

*{M BM>.
(i)

Factor proportion.

M>M> >$$.
(j)

International environment.

A>j$ >$$.
SECTION B (4 10 = 40 marks)
Answer any FOUR of the following questions.
2.

Explain the process of International business.

A>j$ $$ {{M$ ^$$$.


3.

What is the role of International business?

A>j$ $$ $$MP { H$?


4.

Enumerate the strategic planning of MNCs.


MNC $$MP NM {MM$ $#$$.
2

(DCM 21)

5.

How do you evaluate the performance in IB?


IB Z M>>$ $s $# ^$?

6.

Bring out the negotiations in IB.


IB Z {#$ $#$$.

7.

Discuss the trend in regional trade cooperation.

{$ M M>$$Z My$ ^a^$$$.


8.

What are the features of comparative cost theory?

$M $ $$ $$MP $ H$?
SECTION C (2 20 = 40 marks)
Answer any TWO of the following.
9.

Discuss the role of IB in the economic development


of the country.

JM $$ $$MP BM>Z
^a^$$$.
10.

IB

$$MP {$

Describe the strategic considerations of MNCs


in IB.

A>j$ $$Z
V$ ^$$$.
3

MNC

$$MP NM
(DCM 21)

11.

Evaluate the HRM practices of MNCs.


MNC $$MP HRM A$#$ $#$$.

12.

Explain the
Business.

role

of

A>j$ $$Z
^$$$.

WTO
WTO

in

International

$$MP {$

(DCM 21)

(DCM 22)
M.Com. DEGREE EXAMINATION, MAY 2011.
Second Year
Paper II MANAGEMENT OF INFORMATION
SYSTEMS
Time : Three hours

Maximum : 100 marks

SECTION A (5 4 = 20 marks)
Answer any FIVE of the following.
1.

(a)

Concept of MIS.
MIS .

(b)

Systems analysis.

.
(c)

Software.

t.
(d)

IT.

*^ MM gq$$.
(e)

Machine language.

*{M .

(f)

Hardware.

z.
(g)

WAN.

.
(h)

Data filing.

ys OV.
SECTION B (4 10 = 40 marks)
Answer any FOUR of the following.
2.

What are the foundations of MIS?


MIS $$MP #$$ H$?

3.

State the nature


management.

of

information

resource

*^ $ $$MP $#$$.
4.

Explain the stages in system development life


cycle.

Z A^$ ^$$$.
2

(DCM 22)

5.

What are the considerations in the design of


system?

*MZ V$ H$?
6.

Describe the future trends in DBMS.


DBMS Z My$ ^$$$.

7.

State the steps in the organisation of data.

*^$$ M^$rZ A^$ $#$$.


8.

Bring out the recent trends in IT.


IT Z * My$ $#$$.
SECTION C (2 20 = 40 marks)
Answer any TWO of the following.

9.

Explain the difficulties in the implementation of


DBMS.
DBMS $ A$$^$rZ $$ ^$$$.

10.

Enumerate the significance o information for


decision making.

~$ {{M$Z *^$$ $$MP {$$Q$


$#$$.
3

(DCM 22)

11.

Distinguish between hierarchical and network


DBMS.

$$$ DBMS AM $ y$ $#$$.


12.

Elucidate the features of relational data base


management systems.

B $ M^$$$.

(DCM 22)

(DCM 23)
M.Com. DEGREE EXAMINATION, MAY 2011.
Second Year
A Accounting
Paper III ADVANCED FINANCIAL ACCOUNTING
Time : Three hours

Maximum : 100 marks


SECTION A (5 4 = 20 marks)
Answer any FIVE of the following.

1.

(a)

Objects of Financial Accounting.

, AMsV >--$.
(b)

Flow and fund.

$ {--$$.
(c)

Yield method.

>y .
(d)

Average method.

>- -.
(e)

Technical Analysis.

M-M --.
(f)

Minority interest.

A R-M$ B-M.
(g)

Social Balance Sheet.

$M B A st-M.

SECTION B (4 10 = 40 marks)
Answer any FOUR of the following.
2.

State the approaches to human resource accounting.

* -$ AMsV $$MP *>Y$ $-#-$$.


3.

From the following information, you are required to prepare a Balance Sheet.
Current ratio 1.75
Liquid ratio 1.15
Working capital Rs. 75,000
Reserves and surplus Rs. 1,00,000
Bank overdraft Rs. 60,000
Proprietary ratio 0.7 (Fixed assets to proprietary funds)
No long term debts.

D V$ C_a *-^-Z B A st *$ ^$$$$


Ms 1.75
My 1.15
^ $* *. 75,000
f-$ $$$ $V$$ (surplus) *. 1,00,000
M K {y#t *. 60,000
{{-$$-r 0.7 (>-$-M$ {{-$$-r $--M$
M>-M $$$ #.
4.

H Ltd. acquired 20,000 equity shares of S Ltd. of Rs. 100 each on 31st December 2005. The
summarised Balance Sheet of H Ltd. and S Ltd. as on 31st December 2006 were as follows :
Balance Sheet
H Ltd.

S Ltd.

H Ltd.

S Ltd

Rs.

Rs.

Rs.

Rs.

Share capital :

Fixed Assets

Share of Rs. 100 each

80,00,000 25,00,000 Current Assets

Reserves

30,00,000

Profit & Loss A/c

10,00,000 10,00,000 in S Ltd.

Creditors

20,00,000

Total

70,00,000 25,00,000
40,00,000 20,00,000

5,00,000 20,000 shares


30,00,000

5,00,000

1,40,00,000 45,00,000
2

1,40,00,000 45,00,000

(DCM 23)

S Ltd. had the credit balance of Rs. 5,00,000 in the reserves and Rs. 2,00,000 in the Profit
and Loss A/c. When H Ltd. acquired the shares in S Ltd. S Ltd. issued bonus share' @ 1 for
every 5 shares held out of post-acquisition profits. Calculate cost of control before and after
issue of bonus shares and also prepare consolidated Balance Sheet.

31.12.2005 JMPMP s *. 100 $ V 20,000 &

$-sy s-$

$-sy M$-V$ ^-.

31.12.2006 y$ M- B A st$ {M -$$V> #$$.


B A st$
H $-sy

S $-sy

H $-sy

S $-sy

*.

-*.

*.

s $*--$$ :
s *. 100 $

80,00,000 25,00,000 {-$ B$-$

--f-$-$

30,00,000 5,00,000 20,000 $-syZ

--&t R

10,00,000 10,00,000

-$$----$

20,00,000 5,00,000

-$$--$$
H

>-$-$

$-sy

S s-$

1,40,00,000 45,00,000

70,00,000 25,00,000
40,00,000 20,00,000

30,00,000

1,40,00,000 45,00,000

$-sy s-$ M$-V$ ^$$--y$ f$ *. 5,00,000. R

(Cr.)

*. 2,00,000 ^*#-$--$$. S $-syZ s-$ M$-V$ ^ $ _a -Z 5 s-M$ JM Z


s$ g ^$-y$$ f-W. Z s$ g ^$-M-$$$ $$$ g ^ $- *f-* $$--j
$*$$ M$-V-y. HM-M B A st M*y *$ ^$y.
5.

Following is balance sheet of K Traders Ltd. as at 30 April 2006 :


Liabilities

Rs.

Assets

Rs.

Share capital 3,28,000 Fixed assets

1,80,000

Reserve

80,000 Current assets

2,44,000

Creditors

76,000 Investment in shares


4,84,000

60,000
4,84,000

(DCM 23)

The following net profits were earned which include a fixed income from investment of
Rs. 4,000 p.a.
Year ended, 30 April, 2003 Rs. 64,000
30 April, 2004 Rs. 72,000
30 April, 2005 Rs. 86,000
30 April, 2006 Rs. 90,000
Standard rate of return on capital employed in such type business is 8%.
Compute the amount of goodwill of the above business at three years purchase of the average
super profits for 4 years assuming that each gross profit was fully distributed as dividend
among the shareholders.

30 H{ 2006 sM K {sy $-sy $$MP B A stM {M V> M$


A-$

-*.

-B-$-$

-*.

-s $*-- 3,28,000 ->-$$

1,80,000

--f-$

80,000 -{-$ B$-$

2,44,000

-$$----$

76,000 --s-Z r$t-y$-$


4,84,000

60,000
4,84,000

{M M -Z r$t-y$ $y _a B$ -->-M *. 4,000 M*y M$--y E.


--> 30 H{, 2003 *. 64,000
30 H{, 2004 *. 72,000
30 H{, 2005 *. 86,000
30 H{, 2006 *. 90,000
$*-O -$-M-$O >y 8% $*y$ --> {---MO 4 -> A-# M$-V$
V$yV> MP-V-st. { - -$ y-yy *Z s--$M$ ^^-y-$O--V> -V^-.
4

(DCM 23)

6.

Elucidate the role of fundamental analysis in the valuation of shares.

s $*M-$$Z {-$M --$$ $$MP {$ --M-^$-$$.


7.

State the legal provisions relating to capital reduction.

$*- WY#M$ _ > -$ $-#-$$.


8.

What are the benefits of adequate disclosure in financial reporting?

--Z $$-_ y $$MP {*-f-$ H$?


SECTION C (2 20 = 40 marks)
Answer any TWO of the following.
9.

Enumerate the recent trends in published accounts.

$${ AMsZ * M-y-$ $-#-$$.


10.

A firm had Rs. 2,00,000 as cash at bank on April 1, 2009. The consumer price index on that
date was 200. During the year ended 31st March, 2009 the receipts and payments were as
stated below :
Receipts

Rs.

Index

1,05,000

210

September, 15 costs 2,15,000

215

January, 15 Sales 3,45,000

230

December, 1plant

2,00,000

225

March, 20 costs

1,50,000

240

June, 1 Sales

Payments

Rs.

Index

Ascertain the profit or loss on account of price changes. The year end index was 240.

JM M$ H{ 1, 2009 sM M$Z E V$ *. 2,00,000. D -*-V--$ *` 200.


31.3.2009 sM *$, ^#$ D {M V> E.
*-$
-l 1, A$-M>-$

-*.

-*-_

-^#-$

-*.

-*-_

1,05,000 210 --t, 15 $ 2,15,000 215

f--, 15 A$-M>-$ 3,45,000 230 -y, 1 r$

2,00,000 225

*-a, 20 $

1,50,000 240

D --> -*-V--$ *` 240, *$-$ -V--Z-M $-Mr* --t$ $*M


^$y.
5

(DCM 23)

11.

From the following information, prepare a funds flow statement of Venu Ltd.
Balance Sheet of Venu Ltd. as at 31.3.2003-2004
Liabilities

Share capital

2003

2004

Rs.

Rs.

Assets

2003

2004

Rs.

Rs.

1,00,000 1,25,000 Buildings 1,00,000

95,000

General reserve

25,000

30,000 Plant

75,000

84,500

P & L A/c

15,250

15,300 Stock

50,000

37,000

Bank loan

35,000

20,000 Debtors

40,000

32,100

Creditors

75,000

47,600 Cash

250

300

Provision for taxation

15,000

17,500 Goodwill

6,500

2,65,250 2,55,400

2,65,250 2,55,400

Additional Information :
(a)

Dividend paid of Rs. 11,500

(b)

Depreciation on plant Rs. 9,000

(c)

Income tax paid during the year Rs. 16,500

(d)

Depreciation on buildings Rs. 5,000.

D {M *-^ B-V> $ . $ { M *$ ^$y.


31.3.2003 $$$ 31.3.2004 $ . B A st$
A$

2003
-*.

2004
-

-B-$-$

*.

-s $*-- 1,00,000 1,25,000 --$

2003

2004

*.

*.

1,00,000

95,000

--- f-$

25,000

30,000 r$

75,000

84,500

-, R

15,250

15,300 -tM

50,000

37,000

M$ $$

35,000

20,000 $$-{V-$-$ 40,000

32,100

-$$----$

75,000

47,600 V-$

--$MO H>r$

15,000

17,500 -V$y

2,65,250 2,55,400
6

250

300

&

6,500

2,65,250 2,55,400
(DCM 23)

A# *-^ :

12.

(a)

*. 11,500 y-yy ^^-$

(b)

r$O $-V$- *. 9,000

(c)

--Z ^_ B-$# $ *. 16,500

(d)

--O $-V$- *. 5,000.

Explain the role of financial advisor.

---$ {$ -^$-$$.

(DCM 23)

(DCM 24)
M.Com. DEGREE EXAMINATION, MAY 2011.
Second Year
A - Accounting
Paper IV ADVANCED COST AND MANAGEMENT ACCOUNTING
Time : Three hours

Maximum : 100 marks


SECTION A (5 4 = 20 marks)
Answer any FIVE of the following.

1.

(a)

Nature of Cost Accounting.

$ AMsV $$.
(b)

Absorption Costing.

*M$$.
(c)

Cost allocation.

$ Ms$$#.
(d)

Incomplete contract.

AN~ M>{sM$t.
(e)

By product.

E$#.
(f)

Process costing.

{{M$ *M$$.
(g)

Flexible budget.

^ yjs.
(h)

Factory ledger.

M>>V> B>j.
SECTION B (4 10 = 40 marks)
Answer any FOUR of the following.
2.

State the difficulties faced while introducing cost accounting system.

$ AMsV $ { r$ty$ G$O$ $$ $#$$.

3.

From the data given below, calculate each of the three wage variances of the two department.
Dept. X Dept. Y.
Actual gross wages
3936
3596
12000
Standard hours (produced) 16000
Standard rate per hour
0-60
0-70
Actual hour worked
16400
11600

D {M$y $$ $y JMP V>M H $*y$ {>$M $$$ MP^y.


V$$ X V$$ Y
* $
3936
3596
E^ {*M Vr$ 16000
12000
0- & 70
JMPMP VrM$ {*M r$ 0-- -& -60
Vr$
16400
11600
4.

The balance in a companys WIP Control Account as on 31st March, 2005 was Rs. 5,00,000.
During the following month, the transactions that took place were as thus :
Rs.
Direct wages incurred
60,000
Direct materials issued
2,80,000
Completed work billed at cost 5,25,000
Factory overhead incurred
1,20,000
Special purchases for Job
12,000
Sub-Contract charges
6,000
Direct expenses
9,000
Material returned to stores
4,000
You are required to write up the ledger accounts and state what is final balance represents
in cost books.

31&3&2005 *Z E ${ RZ E *. 5,00,000. $ Z _ M>M$


{M V> E$$.
*.
^_ { $
60,000
g A$$ { $$y >$
2,80,000
$ BV> $ $y N A$$ 5,25,000
^_ Mt *$
1,20,000
gM {MV> M$V$
12,000
E () M>{sM$t ^j$
6,000
{ *$
9,000
tM $ ^ $$y >$
4,000
$$ B>j R$ *$^, M>t #M>Z Ey $$W# $ Py.
5.

Elucidate different methods of cost allocation.

$ Ms$$# $$ M^$$$.
2

(DCM 24)

6.

Describe the nature and significance of learning curve analysis.

A$ Q $$MP $$, {$$Q$ ^$$$.


7.

Classify reports with examples.

M$ E YM^$$$.
8.

What are the features of Job costing?

g *M$$ $$MP $ H$?


SECTION C (2 20 = 40 marks)
Answer any TWO of the following.
9.

A contractor undertake a contract to construct a building. The following information is given


below.
Rs.
Materials
10,000
Direct purchase
50,000
Issued from stores
10,000
Wages
45,000
Opening plant
1,00,000
Direct expenses
3,500
Overheads
2,000
Closing materials
1,000
Closing plant
90,000
Materials lost by fire
500
Salvage value thereon
150
Value of work certified
1,59,000
Cost of work uncertified
4,500
The value of the contract is Rs. 2,15,000. Cash received 90% value of work certified.
Prepare contract account.

JM M>{sMt$ zV$ ^$rM$ M>{sM$ $My$. M _ >$ {M Cy$O.


*.
$s$
10,000
{ M$V$
50,000
t $y $M
10,000
$
45,000
{># r$ $
1,00,000
{ Q$a$
3,500
K y
2,000
$$W# $s$
1,000
$$W# r$
90,000
AWM M$$ $s$
500
M>$$ $s$ $
150
tO ^ $
1,59,000
tO ^$ $
4,500
M>{sM$t $
2,15,000
V$ $M $$ (tO^ $Z 90%) M>{sM$t R$ *$^$y.
3

(DCM 24)

10.

Product X is obtained after it passes through three distanct processes. You are required to
prepare process accounts from the following information.
Process
Total
I
II
III
Rs.
Rs.
Rs.
Rs.
Materials
15,084 5,200 3,960 5,294
Direct wages
18,000 4,000 6,000 8,000
Production overheads 18,000
1000 units @ Rs. 6 per unit were introduced in process I. Production overhead to be
distributed as 100% on direct wages.
Process
Actual output in units Normal loss in input Value of scrap per unit
Process I
950
5%
4
Process II
840
10%
8
750
15%
10
Process III
X A $# $*y$ { > *$$, *O $M$M$ $. { R$ *$^$$$$.

{
I
II
III
$$
*.$ *.$ *. $ *. $
$s$ 15,084 5,200 3,960 5,294
{ $ 18,000 4,000 6,000 8,000
E Ky 18,000

{ 1 Z JMPMPs *. 6 $V 1000 $*r$ {rty$$. E Ky$ O 100%


>rt$.
V$ A# *^$$ $^y$O.
{ $*r$ {st $*rZ t > $*s JMPyM M$P $ *.
{ I
950
5%
4
{ II
840
10%
8
{ III 750
15%
10
11.

Describe the relationship between marketing and cost accounting.

$ AMsV, *PsV $ ^$$$.


12.

State the essentials of an effective system of budgetary control.

$$O yjs ${ $$MP BM>$ $#$$.

(DCM 24)

(DCM 25)
M.Com. DEGREE EXAMINATION, MAY 2011.
Second Year
A Accounting
Paper V TAXATION
Time : Three hours

Maximum : 100 marks


SECTION A (5 4 = 20 marks)
Answer any FIVE of the following.

1.

(a)

Assessment year.

$ > $$.
(b)

Charitable purpose.

M *V$$.
(c)

Casual income.

*_aM B$$$.
(d)

Search.

Z.
(e)

Long term capital gain.

M>M $* $$$.
(f)

ITO.

B$# $ AM>.
(g)

Revision.

#@.
(h)

Transfer.

.
SECTION B (4 10 = 40 marks)
Answer any FOUR of the following.
2.

Explain the exceptions to the previous year.

V >M $$$#$ ^$$$.


3.

State the provisions relating to payment of advance tax.

$$$V> $ ^^$rM$ _ ^rt $ $#$$.

4.

Describe the relationship between residential status and incidence of tax.

{, $ # $ ^$$$.
5.

Compute taxable income from the following :


Income from business Rs. 46,000
House I

House II

Rs.

Rs.

Property income
Fair rent

75,000

85,000

Rent

78,000

78,000

Municipal valuation

76,000

75,000

Municipal taxes (due)

13,000

14,000

Repairs

3,500

4,700

Insurance

2,000

3,000

Land revenue (paid)

2,500

4,000

Grand rent (due)

1,600

6,000

Interest on capital borrowed by


mortgaging House I
(Funds are used for construction of House II)
Nature of occupation

14,000
Let out for residence Let out for business

Date of completion of construction

30.4.1989

7.4.1992

{M *^$$ $y $ ^ B* V^y.

$y A B$ *. 46,000
V$$ I
*.

V$$ II
*.

V$$ $y B$ :
$f$O A
75,000
85,000
A
78,000
78,000
$$ $
76,000
75,000
$$ $$ (M)
13,000
14,000
$$$$
3,500
4,700
*
2,000
3,000
*$ B$ (^_)
2,500
4,000
{Vy A (M)
1,600
6,000
$$s V RO _a yz
(B $$ y V ^$rM$ E*W_y$) 14,000
E*W_
MM$ MM$
>$$ N A$$
30.4.1989
7.4.1992
2

(DCM 25)

6.

Mr. Manohar received the following income during the year


Salary from his employer at Rs. 10,000 p.m. Rs. 1,20,000
Leave travel concession for proceeding on leave to home town (actual expenditure Rs. 21,000)
Rs. 24,000
Lunch allowance @ Rs. 1.250 p.m. Rs. 15,000
Reimbursement of medical expenses Rs. 9,700
He also enjoyed the following other benefits and perks :
Free unfurnished flat at Bombay for which his employer was paying monthly rent of
Rs. 4,200 p.m.
One free car (cubic capacity does not exceed 1.88 litres) with driver which was used partly for
personal and partly for employment purposes.
Compute his income from salaries for the Assessment Year 20032004.

Z } $ D {M B*$ M_y$ :
A $f* $y i$$ M$ *. 10,000 ^ *. 1,20,000
{V>*M #O $rM$ # {* >$$ (V> ^ Q$a *. 21,000) *. 24,000
$ Zf $$ M$ *. 1,250 ^ *. 15,000
W ^^y O Q$a$ *. 9,700
A$ D {M C {*f$ $$$ $$ y$ :
$$Z E_ EM$ V . C$M$ V>$ A $f* M$ *. 4,200 A ^$y$.
M>$ (*s$ $$$ r$M$ 1.88 M M$P V) [yO$ E_ H>r$ & M>$ *V$$ MV>
A>M $$$ MV> EV $M$
2003&2004 $ $# >M A i B* MP#$$.
7.

Calculate the taxable income of Mr. Kumar from the following :


Rs.
Interest on government securities

18,500

Income from business

5,000

Short term capital gain

22,000

Long term capital gain

2,500

Income from horse races

15,000

Income from playing cards

16,000
3

(DCM 25)

Rs.
Brought forward business loss

12,000 (200809 related)

Unadjusted depreciation

6,000 (related to 200809)

Long term capital loss

47,000 (related to 200910)

Brought forward loss from horse races 25,000 (related to 200809)


Speculation loss

30,000 (related to 200102)

{M C_a > $ ^W M$* $$MP B* MP^y.


*.
{$ M*sO yz

18,500

B$

5,000

M>M r$ty

22,000

M>M r$ty

2,500

$ V${> > B$

15,000

M>r B$

16,000

$$$M$ $M$ _a t 12,000 (2008&09 M _)

8.

$r$ M> $V$

6,000 (2008&09 M _)

M>M r$ty t

47,000 (2009&10 M _)

$ V${> t $$$M$ _a

25,000 (2008&09 M _)

M$ t

30,000 (2001&02 M _)

A, B and C are partners of a firm sharing profits in the ratio of 4 : 3 : 2. The P & L A/c of the
firm shows a net profit of Rs. 40,000 after deducting the following payments for the
assessment year 2008-09.
Rs.
Income tax

14,000

Penalities and fines

11,000

Remuneration to partners
(Rs. 36,000 + 30,000 + 24,000) 90,000
Interest to partners 15% p.a.
(12,000 + 9,000 + 6,000)

27,000

Compute the total income of the firm and partners for the assessment year 2008-09. The firm
is an AOP.
4

(DCM 25)

t$ 4 : 3 : 2 Z ^$Mr$ A, B, C $ JM Z V$$. 2008&09 $ >Z A$$


>M t R D {M WY# $ *. 40,000 M ^*.
*.
B$# $

14,000

f*, A> $$$$

11,000

V$M$ M$$
(*. 36,000 + 30,000 + 24,000) 90,000
V$$M$ yz M$ 15% ^
(12,000 + 9,000 + 6,000)

27,000

$ AOP V> _, $$$ V$ $$ B$$$$ 2008&09 $ > >M V^y.


SECTION C (2 20 = 40 marks)
Answer any TWO of the following.
9.

State the rules relating to set off and carry forward of losses.

t$$>, $$$M$ M #rM$ _ $ $#$$.


10.

Explain the penalties imposed under the law.

^rt {M>$$ ^ A>$$$ ^$$$.


11.

Arundhati Roy submitted the following particulars. Compute advance tax payable for the
financial year :
Tax deduction

(a)

Agricultural income in India

(b)

Dividend from Foreign companies

(c)

Long-term capital gain


on sale of shares

Income

By payer

Rs.

Rs.

2,00,000

90,000

60,000

1,50,000

20,000

70,000

3,000

6,00,000

18,000

20,000

6,000

(d)

Bank interest

(e)

Winning from Races

(f)

Winning from Lottery

(g)

Winning from TV game show

(h)

Rent @ Rs. 20,000 p.m.

2,40,000

60,000

(i)

Net salary after deductions

2,00,000

16,000

She contributed Rs. 27,500 towards RPF.


5

(DCM 25)

BM M D {M > $y }$ A$ >$ ^^ Ay$ $$ MP^y :


^#$
B$ $ WY#
*.

*.

(a)

Z $ B$$$

2,00,000

(b)

M $y yyy$

90,000

(c)

s A$M$$O M>M 60,000

(d)

M$ yz

(e)

$$Z V$#

(f)

rZ V$#

(g)

s V$ Z V$#

(h)
(i)

1,50,000

20,000

70,000

3,000

6,00,000

18,000

20,000

6,000

A M$ *. 20,000 ^

2,40,000

60,000

WY# > M i

2,00,000

16,000

V$# M B$ ^_ $$ *. 27,500.
12.

The following particulars have been provided by Mr. Kiran in the capacity of Karta of a
Hindu Undivided family.
(a)

Profit from familys business Rs. 20,000 after charging an amount of Rs. 3,000 given as
salary to Kartas brother who has been actively participating in the business of the
family.

(b)

Salary income of Kartas another brother who is a manager in a cooperative bank


Rs. 41,000.

(c)

Directors fee received by Karta Rs. 5,000.

(d)

Dividend Rs. 400 (gross).

(e)

Long term capital gain from transfer of a building Rs. 4,700.

(f)

Long term capital gain from transfer of investment Rs. 8,000 (acquired in March, 1994).

(g)

Donation to a college which is an approved institution Rs. 4,000.

(h)

Profit from an unregistered firm Rs. 10,000.

(i)

Rental value of a house property let Rs. 12,000, municipal taxes paid in respect of
house Rs. 1,200.
Compute total income of family for current assessment year.
6

(DCM 25)

{M >$ }. MM$ _, Ay$ * AM M$r$M$ M


(a)

M $$MP $M ^_ i *. 3,000. C A$ Z EV> ^$$r $.


$ *. 20,000.

(b)

M $$MP $M $y i $y B$ *. 41,000. Ay$ MBs M$Z $f$.

(c)

MM$ _a yOMt$ k *. 5,000.

(d)

yyy$ *. 400 (*)

(e)

M>M $* {M *. 4,700.

(f)

M>M $* {M r$ty$$ *. 8,000 (C *a 1994 Z fW).

(g)

V$# $$MP M>iM C_a > *. 4,000.

(h)

ht M> $y *. 10,000.

(i)

V $y B$ *. 12,000 #M $$ ^# *. 1,200.
O > BV> {$ $ > >M M$r$ B* V^y.

(DCM 25)

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