28.

29.

30.

31.

32.

157/23

X and Y are resident individuals (non-senior) whose total incomes were ₹ 6,00,000
and % 4,00,000 respectively. Z, a non-resident individual had a total income of
% 5,00,000.What will be the amount of the rebate under 87A eligible for X, Y and Zfor the
A.Y. 2023-24 ?

Choose the correct option.

4൧) 2൨2,500 ۷۸7,500 Z-12,500 8) 2൨2,500 ۷12,500 ‏اآاے‎

C) X-Nil Y-7,500 ‏الا ہے‎ D) X-Nil Y-7,500 2-12,500

Choose the correct option based on the given statements.

Statement! : Unabsorbed depreciation can be carried forward for any number of
years.

Statement Il : Unabsorbed depreciation cannot be carried forward if the return of
income has not been filed within time.

A) Statement | is false and Statement Il is true

B) Statement | is true and Statement II is false

C) Both Statement | and Statement II are false

D) Both Statement | and Statement II are true

Compute the gross annual value of the property, which has a gross annual municipal
value of % 3,50,000, fair rent of ¥ 4,00,000 p.a., standard rent of = 5,00,000 p.a. and
actual rent of = 6,00,000 p.a. The property remained vacant for 3 months.

A) ₹ 4,00,000 8) ₹ 5,00,000 C) 0 ൧) ₹ 3,50,000

Match the following Sections related to penalty and what they are dealing with.

1. 270A a. Failure to maintain or retain books of accounts,
documents, etc.

2. 271A b. Failure to deduct tax at source

3. 2718 c. Under-reporting and misreporting of income

4. 2716 d. Failure to get the accounts audited or to furnish the

audited report

Choose the correct answer from the options given below:
A)1-c 2-a 3-6 4-b B)1-b 2-a 3-d 4-௦
C)1-c 2-b 3-௨ 4-0 D)1-b 2-௦ 3-d 4-8

Mr. Ajay resided in Kochi and received = 50,000 as basic salary, ¥ 30,000 as D.A. (fully
forms part of retirement benefits), ¥ 20,000 as a commission (fixed % on turnover),
and = 24,000 as HRA during the previous year 2022-23. He paid ~ 22,000 as house
rent. What will be his exempted amount of HRA ?

A) ₹ 14,000 8) ₹ 12,000 C) = 10,000 ൧) ₹ 22,000