Donation to approved charitable institution Rs. 20,000
Compute her total income for assessment year 2025-26 assuming she is
paying tax as per old tax regime.
Medical allowance Rs 200 p.m. (amount actually spent on her own
See Answer →Dearness Allowance @ 10% of salary (DA is part of the salary)
See Answer →The following particulars of income are submitted by Smt. Suman Garg for the
A.Y. 2025-26. She lives at Delhi.
Mr Vishesh, who is not covered by the Payment of Gratuity Act, 1972, receives a
gratuity of Rs 5, 76,000, when he retires on 23rd June, 2024 after a service of 34
years 9 months and 23 days. His last drawn emoluments are as follows:
Provisions relating to the Clubbing of Income of Minor Child
See Answer →Exemption of tax on capital gain under Section 54 F
See Answer →Income deemed to be received in India
See Answer → What steps are involved in calculation of total taxable income of an
individual?
Define annual value of house property. How would you determine the annual
value of house property, which is self-occupied for a part of the year only and
let out for the remaining part?
Explain the scope of total income for the i) Resident ii) Not Ordinarily
See Answer →What do you understand by casual income? How are they treated under the
Income Tax Act?
How does a push strategy differ from a pull strategy? Give examples from your experience
See Answer → What do you mean by direct channels and indirect channels? Explain the channels used for
consumer goods and industrial goods.
Discuss the regulation of pricing under the Consumer Protection Act, 2019
See Answer → Explain the reasons for the popularity of the going rate method of price setting. How is it
different from differential pricing?
You felt the need for colour TV at your house. Explain the detailed process of buying the TV.
See Answer →Explain briefly the 'product life cycle concept' in marketing management and state why do you
feel it is useful to understand this concept.
Distinguish between product item, product line, and product mix. Describe various product line
strategies.
"Consumer is always a rational human being. Hence, economic basis for segmentation is the
most appropriate method". Do you agree? Explain with the help of suitable examples.