157/23

22.

23.

24.

25.

26.

27.

Checking whether financial statements are prepared using existing accounting policies
is an element of

A) Audit report B) Audit strategy
C) Audit memorandum D) All of the above

A report which states that the financial statements give a true and fair view of the
books of accounts is

A) qualified report B) clean report
C) unqualified report D) both B) and C)

Mr.Jain, a non-government employee (with no gratuity) got 75% of his pension
commuted on retirement and received ~ 75,000 during the assessment year
2023-24. How much is his eligible amount of exemption on commuted pension ?
A) ₹ 25,000 ட) ₹ 50,000 0) ₹ 37,500 D) ₹ 75,000

Which of the following are not agricultural incomes ?

1. Rent received from land granted for agricultural use.

2. Income from saplings and seedlings grown in a nursery.

3. Income from dairy and poultry farming.

4. Dividend received from a company, engaged in agricultural operations.

Choose the correct option.
A) 2and4 8) 18೧63 ७) 18೧64 D) 3and 4

Match List — | with List — Il.
List -I List - Il

1. Tax Planning a. Procedure to comply with the provisions of the law

2. Tax Avoidance b. Reduce tax liability by taking advantage of the
loopholes in the Act

3. Tax Evasion c. Reduce the tax liability deliberately by
non/under-reporting income

4. Tax Management d. Reduce tax liability by taking full advantage of the

provisions of the Act
Choose the correct answer from the options given below :
A)1-d 2-c 3-b 4-a
B)1-a 2-b 3-௦ 4-0
C)1-d 2-b 3-० 4-8
0) 1-8 2-௦ 3-d 4-b

Which form should be furnished for submitting the details of inward supplies u/s 38 ?
A) GSTR-1 B) GSTR-2 C) GSTR-3 D) GSTR-5