Miss Nihali recently joined Accenture as Head IT. Her CTC amounts to 24 lacs. There is formal procedure which every company’s accounts department follows while processing the salaries payment

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Taxation Direct Indirectinfo_at_answersheets.i
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• Taxation Direct Indirect
•  
• Question 1
• Miss Nihali recently joined Accenture as
  Head IT. Her CTC amounts to 24 lacs. There is
  formal procedure which every companys accounts
  department follows while processing the salaries
  payment to the employees for any financial year.
  You being the accounts manager of the company,
  discuss on the points to be taken care of while
  charging tax under the head income from salary
  for the employees. (10 Marks)

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• Question 2
• Mr. Abhishek recently passed the MBBS exams and
  started practicing as a doctor. On the occasion
  of his birthday, he received a cash gift worth
  51000 from one of his fathers friend. Further,
  one of his patients also gifted him a plot of
  land, as an appreciation for his personal
  qualities and dedication towards his work.
  Discuss with suitable reasons, whether the
  receipts are taxable or not and if yes, then the
  head of income under which the receipts are
  taxable. (10 Marks)

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• Question 3 Mr. Arman has a gross total income of
  Rs 1350000 for the Assessment year 2018-19. He
  made following payments during the year
• a. Compute the eligible amount of deduction under
  Chapter VI-A for the Assessment Year 2018-19 (5
  Marks)

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• Calculation part
• b. What if, in addition to this he also
  contributed in certain work of literacy and
  earned a royalty income amounting Rs15 lacs, as a
  lump sum consideration by authoring certain
  books. Compute the additional eligible amount of
  deduction explaining the relevant provision. (5
  Marks)

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