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 DE–8670                                                       11


                               DISTANCE EDUCATION

                     M.F.C. DEGREE EXAMINATION, MAY 2010.

                   MANAGEMENT CONCEPTS AND PRACTICE

Time : Three hours                          Maximum : 100 marks

                             PART A — (5  8 = 40 marks)

                              Answer any FIVE questions.

1. Explain briefly the process of Management.

2. Distinguish Management from Administration.

3. What are the different types of Decisions?

4. Explain the principles of Organisation.

5. Differentiate authority from power.

6. What are the sources of Recruitment?

7. Explain ‘‘Management Grid’’.

8. State the advantages of Management Audit.

                            PART B — (4 × 15 = 60 marks)

                             Answer any FOUR questions.

9. Compare and contrast the contributions of Taylor and Fayol towards
     Management.

10. Examine the different types of plans.

11. Discuss the importance of types of Departmentation.

12. Define ‘Staffing’. Explain in detail the process of selection.

13. Compare and contrast the Maslow’s theory of motivation from Herzberg theory
      of motivation.

14. Explain the process and barriers of Communication.




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15. Discuss the different type of Budgets. What are the points to be considered while
      preparing Budgets in general?



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 DE–8671                                                       12


                                  DISTANCE EDUCATION
                     M.F.C. DEGREE EXAMINATION, MAY 2010.
                     FINANCIAL ACCOUNTING AND ANALYSIS
Time : Three hours                           Maximum : 100 marks
                                 PART A — (5  8 = 40 marks)
                                 Answer any FIVE questions.

1. State any four conventions of accounting and explain.
2. What is statement of affairs? How does it differ from Balance Sheet?
3. What are common size statements and comparative statements? Briefly explain.
4. How would you treat the following items in company final accounts?
     (a)     Calls in arrears.
     (b)     Calls in advance.
     (c)     Discount on the Issue of Shares.
     (d)     Preliminary Expenses.
5. What is meant by ‘Funds from Operations’? How would you calculate it?
6. Prepare a trading account for the year ending 31.12.07 from the following
     information from the books of X :
                                       Rs.
     Opening stock                               80,000
     Purchases                                8,80,000
     Goods taken by X                            20,000
     Freight                                     52,000
     Wages                                       24,000
     Sales                                   14,40,000
     Return outwards                             10,000
     Return inwards                              60,000
     Closing stock                            1,00,000
     Import duty                                 30,000
     Carriage outwards                           10,000


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7. Manoj keeps his books of accounts under single entry system. His financial
    position on 31.12.06 and 31.12.07 was as follows :
           Items           2006      2007
                            Rs.       Rs.
    Cash                   9,860       800
    Stock                 38,520    57,000
    Machinery             54,420    61,000
    Bills Receivable       6,000    16,480
    Sundry Debtors        20,000    44,000
    Sundry Creditors      72,040    80,000
    Furniture              4,500     5,200
    Drawings                  —      5,000
    Addl. capital          4,000        —
     Calculate the amount of profit for the year ending 31.12.2007.
8. What are the approaches of Human Resource Accounting?

                              PART B — (4  15 = 60 marks)

                                Answer any FOUR questions.
9. Explain the different type of errors with two examples each.
10. Bring out the uses and limitations of ratio analysis.
11. Bring out the application of computers in Accounting.

12. The following balances appeared in the books of Bright Ltd. as on 31st March
      2008.
                                   Items                   Debit       Credit
                                                            Rs.         Rs.
              Equity shares of Rs. 10 each fully paid up           —   6,00,000
              General reserve                                      —   2,30,000
              Trade creditors                                      —    42,858
              Unclaimed dividend                                   —       526
              Building (at cost)                           1,50,000           —
              Purchases                                    5,00,903           —
              Sales                                                — 10,83,947
              Manufacturing expenses                       3,50,000           —
              Establishment charges                         26,814            —
              General charges                               31,078            —
              Machinery (at cost)                          2,30,000           —
              Furniture (at cost)                            5,000            —
              Opening stock                                1,72,058           —


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             Book debts                                    2,32,380        —
             Investments                                   2,88,950        —
             Provision for depreciation on fixed assets         —     91,000
             Advance payment of Income Tax                  50,000         —
             Cash at Bank                                   72,240         —
             Director’s fees                                 1,800         —
             Interest on investments                            —       8,544
             Profit and Loss account (1.4.07)                   —     16,848
             Staff provident fund                               —     37,500
                                                          21,11,223 21,11,223

     From the above mentioned balances, and the following information, prepare
     the company’s profit and loss account for the year ended 31.3.08 and a balance
     sheet on that date.
     (a)   Closing stock was valued at Rs. 1,48,680.
     (b)   Provide Rs. 19,000 for depreciation on fixed assets and Rs. 8,000 for
           managing director’s remuneration.
     (c)   Interest      accrued       on       investments    amounted       to
           Rs. 2,750.
     (d)   Make a provision of Rs. 50,000 for income tax.
     (e)   The directors propose a dividend @ 8% after transfer of Rs. 35,000 to
           general reserve.

13. Following are the summarized Balance Sheets of A Ltd. Make out
      (a) Statement of changes in working capital.
      (b) Funds flow statement.
                    Liabilities         2000        2001
                                         Rs.         Rs.
           Equity share capital        3,00,000 4,00,000
           8% preference share capital 1,50,000 1,00,000
           General reserve               40,000     70,000
           Profit and Loss a/c           30,000     48,000
           Proposed dividend             42,000     50,000
           Creditors                     55,000     83,000
           Bills payable                 20,000     16,000
           Provision for taxation        40,000     50,000
                                       6,77,000 8,17,000
                       Assets           2000        2001
                                         Rs.         Rs.
           Goodwill                    1,15,000     90,000
           Land and Buildings          2,00,000 1,70,000
           Plant                         80,000 2,00,000


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             Debtors                           1,60,000       2,00,000
             Stock                               77,000       1,09,000
             Bills receivable                    20,000         30,000
             Cash in hand                        15,000         10,000
             Cash at bank                        10,000          8,000
                                               6,77,000       8,17,000
             Additional Information :
             (i)    Depreciation      of     Rs.      10,000             on   plant      and
                    Rs. 20,000 on buildings has been charged.
             (ii)   An interim dividend of Rs. 20,000 was paid in 2001.
             (iii) Income tax paid in 2001 : Rs. 35,000.

14. The following details are available :
     Gross profit                                   80,000
     G.P. on cost                                       1/3
     Stock velocity                                 6 times
     Opening stock                             Rs. 36,000
     Debtors velocity                               5 times
     Creditors velocity                             4 times
     Current assets                        Rs. 1,50,000
     Bills receivable                          Rs. 20,000
     Bills payable                              Rs. 5,000
     Fixed assets turnover ratio                    8 times
     Sales                                 Rs. 3,20,000

     Prepare the balance sheet.

15. From the following details, prepare trading and P & L a/c and balance sheet :
         Items as on      1.1.05 31.12.05
                                Rs.      Rs.
     Creditors                  37,500   43,750
     Furniture                   2,500    2,500
     Cash                        6,250   10,000
     Debtors                    62,500   87,500
     Stock                      25,000   12,500

     Other details :
     Drawings Rs. 10,000; Discount received Rs. 3,750; Discount allowed Rs. 2,500;
     Sundry expenses Rs. 7,500; Payment to creditors Rs. 1,12,500; Collection from


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     debtors Rs. 1,33,750; Sales returns Rs. 3,750; Purchase returns Rs. 1,250;
     Charge 5% depreciation on furniture.



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 DE–8672                                                    13


                              DISTANCE EDUCATION

                     M.F.C. DEGREE EXAMINATION, MAY 2010.

                     COST AND MANAGEMENT ACCOUNTING

Time : Three hours                        Maximum : 100 marks

                            PART A — (5  8 = 40 marks)

                           Answer any FIVE questions only.

1. Define costing and discuss briefly its objects.

2. What is labour turnover? What are its causes and its effects on labour costs?

3. Explain the term ‘Break Even Point’. How it is determined?

4. What is Master Budget? What are its components?

5. In a factory where Rowan system is introduced workers X and Y can earn Rs.
     33.75 respectively on a job for which standard time fixed is 12 hours. The rate is
     Rs. 3 per hour. Calculate what would be their earnings, if Halsey plan on 50 :
     50 basis had been followed.

6. A factory requires 2000 units of a certain material for a year. Cost of carrying
     one unit at this material is calculated to be Re. 1 per annum and it is
     estimated that the expenses of placing an order and receiving would amount to
     Rs. 10. Calculate EOQ.

7. From the following particulars find out the BEP. What will be the selling price
     per unit if BEP is to be brought down to 9000 units?
     Fixed cost Rs. 50,000
     Variable cost Rs. 5
     PV ratio : 50%




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8. Product X requires 20 kgs of material at Rs. 4 per kg. The actual consumption of
     material for the manufacturing of product X came to 24 kgs of material at Rs.
     4.50 kg. calculate
     Material cost variance, material price variance and Material usage variance.

                             PART B — (4  15 = 60 marks)
                         Answer any FOUR questions only.

9. The following receipts and issues were made of a new item of stores :
                                       Receipts            Issues
                2007                    Units      Rs.     Units
                January 1st             1000      1,000       –
                February 1st            1000       800        –
                February 28th                               1200
                March 1st               1000      1,200       –
                March 31st                –         –       1200
     Tabulate the value of
     (a)   Issues made on 28th February
     (b)   Resulting stock on 28th February
     (c)   Issues made on 31st March and
     (d)   Resulting stock on 31st March.
           When issues are price on
           (i)  LIFO Basis and
           (ii) FIFO.

10. A product passes through two distinct processes A and B and then to finished
      stock. The normal wastage of each process is as follows :
     Process A – 3% of the units entering the process
     Process B – 5% of the units entering the process
     Wastage of process A was sold at Re. 0.50 per unit and that of process B at Re.
     1 per unit, 1,000 units were issued to Process A at a cost of Rs. 2 per unit.
     The other expenses were as follows :
                                         Process A Process B
                                            Rs.       Rs.
                  Sundry materials         2,000     3,000
                  Wages                   10,000    16,000
                  Manufacturing expenses   2,100     2,375
     The actual outputs were :
     Process A – 9500 units
     Process B – 9100 units


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     Prepare process accounts assuming that there was no opening or closing stock.

11. Draw up a flexible budget for overhead expenses on the basis of the following
     data and determine the overhead rates at 70%, 80% and 90% plant capacity.
                                             70% capacity 80% capacity 90% capacity
                                                 Rs.          Rs.          Rs.
           Variable overheads :
              Indirect labour                       –       12,000          –
              Stores including spares               –        4,000          –
           Semi-Variable Overheads :
           Power (30% fixed, 70% variable)          –       20,000          –
           Repairs and maintenance
           (60%, fixed, 40% variable)               –        2,000          –
           Fixed overheads :
              Depreciation                          –       11,000          –
              Insurance                             –        3,000          –
              Salaries                              –       10,000          –
           Total overheads                          –       62,000          –

     Estimated direct labour hours – 1,24,000 hours.

12. The standard material cost for 100 kg of chemical D is made up of :
      Chemical A – 30 kg. @ Rs. 4 per kg.
      Chemical B – 40 kg. @ Rs. 5 per kg.
      Chemical C – 80 kg. @ Rs. 6 per kg.
      In a batch, 500 kg. of chemical D were produced from a mix of
      Chemical A – 140 kg. at a cost of Rs. 588
      Chemical B – 220 kg. at a cost of Rs. 1,056
      Chemical C – 440 kg. at a cost of Rs. 2,860.
      How do the yield, mix and the price factors contribute to the variance in the
      actual        cost         per         100       kg.        of      chemical
      D over the standard cost?

13. ‘‘A good system of costing serves as a means of control over expenditure and
       helps to secure economy in manufacture’’ – Discuss.

14. Define budgetary control and state its advantages and limitations.

15. ‘‘Marginal costing is a valuable aid for managerial decisions’’ Discuss.

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                                   DISTANCE EDUCATION

                     M.F.C. DEGREE EXAMINATION, MAY 2010.

                             QUANTITATIVE TECHNIQUES

Time : Three hours                                      Maximum : 100 marks

                               PART A — (5  8 = 40 marks)

                               Answer any FIVE questions.

                             All questions carry equal marks.

1. Discuss the various methods of collecting Primary Data.

2. The following table gives the egg production during a year at a poultry farm.
           No. of eggs :     0-29            30-59            60-89            90-119      120-149

           N. of hens :        3                4                 12             33            69

           No. of eggs :    150-179         180-209          210-239           240-269     270-299

           N. of hens :       92                50                25             11             1

Represent the above frequency distribution graphically. Also draw the Ogives and
     estimate median value.

3. Calculate Pearson’s coefficient of skewness from the table given below :
           Life time (Hrs) 300-400 400-500                   500-600           600-700     700-800

           No. of Tubes :          14           46                58             76            68

           Life time (Hrs) 800-900 900-1000 1000-1100 1100-1200

           No. of Tubes :          62           48                22                6


4. An urn contains 8 white and 3 red balls. If two balls are drawn at random, find
    the probability that
(a)   Both are white,
(b)   Both are red and
(c)   One is of each colour.

5. Distinguish coefficient of correlation from coefficient of variation.

6. Calculate mean from the following data :
                   Value :              1   2       3    4    5        6   7    8       9 10
                   Frequency : 21 30 28 40 26 34 40 9 15 57


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7. The correlation of coefficient between two variables X and Y is r = 0.6. If
      x  1.5 ,  y  2.0 , x  10 and y  20 . Find the regression lines of

(a)   Y on X
(b)   X on Y.

8. Discuss briefly the uses of index numbers of prices.

                               PART B — (4  15 = 60 marks)
                                Answer any FOUR questions.
                              All questions carry equal marks.

9. Describe the various steps involved in the Statistical Survey.

10. From the following distribution of income groups, find mean, median and mode.
           Income (Rs.) :     0-200 200-400 400-600 600-800 800-1000 1000-1200

           No. of persons :    80      165      230        80         32     13


11. Calculate the standard deviation and the coefficient of variation from the
     following table :
                   Age :            20-30 30-40 40-50 50-60
                      No. of members :         3      61        132    153
                      Age :                  60-70 70-80 80-90
                      No. of members :         140    51        2

12. Certain automatic screw manufacturing machine produces on the average one
      slotless boxes screw among every 100 screws. If the screws are packed in boxes
      of 300. What percentage of these boxes would you expect to have
(a)   No slotless screw and
(b)   atleast one slotless screw?

13. From the following data, obtain the two regression equations :
                Sales :             91 97 108 121 67 124 51 73 111 57
                Purchases :         71 75 69    97 70 91 39 61 80 47

Hence or otherwise find the correlation co-efficient between sales and purchase.

14. Two kinds of manure were applied to sixteen one-hectare plots, other conditions
     remaining the same. The yields in quintals are given below :
                   Manure I :        18 20 36        50 49 36 34 49 41


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                 Manure II :     29 28 26      35 30 44 46

Is there any significant difference between the mean yields? Use 5% significance
      level.

15. Draw a histogram and frequency curve from the following data :
           Profit range :     0-15 15-30 30-45         45-60    60-75
           No. of companies :      3      7       18       25       20
           Profit range :        75-90 90-105 105-120 120-135 135-150
           No. of companies :     12      6        5           2    2

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 DE–8674                                                       15


                               DISTANCE EDUCATION

                     M.F.C. DEGREE EXAMINATION, MAY 2010.

                                   BUSINESS LAW

Time : Three hours                        Maximum : 100 marks

                             PART A — (5  8 = 40 marks)

                             Answer any FIVE questions.

                            All questions carry equal marks.

1. Define consideration. What are the essentials of a valid consideration?

2. What are the essentials of a wagering agreement?

3. Impossibility of performance is, as a rule not an excuse for non-performance of a
     contract. Discuss.

4. Define a contract of Guarantee. What are the essentials of contract of
     Guarantee?

5. What are the remedies available to an aggrieved party in case of breach of
     contract?

6. When can a condition be treated as a warranty?




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7. Explain the fundamental principles of Insurance.

8. Define Promissory Note. Explain the essentials of Promissory Note.

                            PART B — (4 × 15 = 60 marks)

                             Answer any FOUR questions.

                            All questions carry equal marks.

9. Write short notes on :
     (a)   Void contract
     (b)   Coercion
     (c)   Surety
     (d)   Line
     (e)   Double insurance.

10. What is contract of indemnity? Explain the difference between contract of
     indemnity and contract of Guarantee.

11. Explain the rights, duties and liabilities of an agent towards his principal.

12. Discuss in brief the different types of Marine policies.

13. Define the term Delivery. Discuss the rules relating to Delivery in sale of goods
     Act.

14. Define Hundi. Discuss various types of hundis used in India.

15. What is Life Insurance? Discuss in brief the important types of Life Insurance
     Policies.



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 DE–8675                                                       21

                               DISTANCE EDUCATION

                    M.F.C. DEGREE EXAMINATION, MAY 2010.

                             FINANCIAL MANAGEMENT




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Time : Three hours                        Maximum : 100 marks

                            PART A — (5  8 = 40 marks)

                             Answer any FIVE questions.

1. Explain the main functions of financial management.

2. What is debt capital (Kd)? What are the objectives of using debt capital?

3. What are the advantages of working capital?

4. What are the characteristics of balanced capital structure?

5. Explain the significance of cost of capital (Ko).

6. Explain the motives for holding inventories.

7. Compare the net present value (NPV) and internal rate of return (IRR) methods.

8. Analyse the economics of leasing.

                            PART B — (4  15 = 60 marks)

                             Answer any FOUR questions.

9. ‘‘Profit maximization and wealth maximization objectives are complementary to
      each other’’ – Do you agree. Give reasons.

10. What are the long term capital resources? Explain any two of them.

11. Explain the various factors influencing working capital.

12. Analyse M.M. theory with reference to capital structure.

13. What is leverage? Explain the degree of operating leverage (DOL) and types of
     leverages.

14. From the following data calculate the degree of different leverage.
     (a)   Sales 1,00,000 units at Rs. 2 per unit
     (b)   Variable cost per unit @ Re. 0.70


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     (c)   Fixed cost Rs. 1,00,000
     (d)   Interest charges Rs. 3,600.

15. X Ltd. is considering the purchase of new machine which will carry out
     operations performed by labour.
     A and B are alternative models. From the following information, you are
     required to prepare a profitability statement and work out the Pay-back period
     in respect of each machine :
                        Particulars              Machine ‘‘A’’    Machine ‘‘B’’
           Estimated life of machine                5 years           6 years
           Cost of machine                       Rs. 1,50,000     Rs. 2,50,000
           Cost of indirect materials                    6,000            8,000
           Estimated savings in scrap                  10,000            15,000
           Additional cost of maintenance              19,000            27,000
           Estimated savings in direct wages :
            Employees not required (number)               150               200
            Wages per employees                           600               600

     Taxation is to be regarded as 50% of profit (ignore depreciation for calculation
     of tax)
     Which model would you recommend? State your reasons.



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  DE–8676                                                        22


                                DISTANCE EDUCATION

                     M.F.C. DEGREE EXAMINATION, MAY 2010.

           INVESTMENT ANALYSIS AND PORTFOLIO MANAGEMENT

Time : Three hours                          Maximum : 100 marks

                              PART A — (5  8 = 40 marks)
                              Answer any FIVE questions.

                             All questions carry equal marks.

1. State the factors that differentiate the investor from speculator and gambler.



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2. Examine the tax sheltered schemes available in the market.

3. Define : Risk. Distinguish between systematic and unsystematic risk.

4. Briefly explain the important concepts of valuations of securities.

5. What are the assumptions of Technical Analysis?

6. Define : Efficient Frontier. Distinguish between efficient portfolio and feasible
    portfolio.

7. State the assumptions of Capital Assets Pricing Model (CAPM).

8. State the reasons for the Treynor and Sharpe indices giving conflicting
     performance ranking.

                            PART B — (4  15 = 60 marks)

                            Answer any FOUR questions.

                           All questions carry equal marks.

9. ‘‘The investment process involves a series of activities starting from the policy
      formulation’’. Discuss.

10. Enumerate the various financial investment alternatives available to Indian
     Investors.

11. Discuss the various methods of measuring returns.

12. Explain the various type of charts and its role in Technical Analysis.

13. Describe the traditional portfolio construction process.

14. The Roman Walk Theory resembles the fundamental school of thought but is
      contrary to the technical analysis – Discuss.

15. Explain the various criterion used for evaluation of portfolios.

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 DE–8677                                                       23


                              DISTANCE EDUCATION

                     M.F.C. DEGREE EXAMINATION, MAY 2010.

                   FINANCIAL SERVICES AND INSTITUTIONS

Time : Three hours                        Maximum : 100 marks


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                            PART A — (5  8 = 40 marks)

                             Answer any FIVE questions.

1. State the causes for financial innovation in the financial service sector.

2. Discuss the problems of merchant bankers in India.

3. What are the risks associated with mutual funds?

4. State the limitations of credit rating.

5. Explain the operational activities of UTI.

6. Explain the activities of IFCI.

7. State and explain the objectives of NSE.

8. How does SEBI protect the interest of investors? Explain.

                            PART B — (4 × 15 = 60 marks)
                            Answer any FOUR questions.

9. Discuss briefly some of the innovative financial instruments introduced in recent
     times in the financial services sector.

10. Distinguish between commercial bank and merchant bank.

11. What rights and facilities are available to an investor of a mutual fund?

12. Explain the working of various credit rating agencies in India.

13. Explain the various schemes and plans of the UTI.

14. Explain the objectives, functions and subsidiaries of ICICI.

15. Enumerate the method of trading in OTCEI.



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  DE–8679                                                    25


                              DISTANCE EDUCATION

                   M.F.C. DEGREE EXAMINATION, MAY 2010.

                         TAXATION AND TAX PLANNING



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Time : Three hours                         Maximum : 100 marks

                            PART A — (5  8 = 40 marks)
                            Answer any FIVE questions.

1. Explain in detail about which incomes are taxable for ordinary, not ordinary
resident and non-resident.

2. Explain the characteristics/features of salary.

3. What are the rules that are to be followed while calculating depreciation?

4. What is grossing up of income and how it should be calculated?

5. Bring out any five deductions U/S 80.

6. Calculate the ARV from the particulars given below.
                            Actual Rent         Rs. 7,000 p.m
                                FRV             Rs. 66,000 p.a
                                MRV             Rs. 60,000 p.a
                           Standard Rent Rs. 69,000 p.a

During the previous year 2008-2009 assessee could not realize the rent for two
     years.

7. From the following details calculate the total income of Ms. Swati, if she is
     ordinary resident, NOR and NR.
Dividend from Indian company Rs. 2,00,000
Dividend from a foreign company Rs. 2,50,000 received in India.
Income from business in Manchester but controlled from India Rs. 20,000.
Income from business in India but controlled from Bangladesh Rs. 5,00,000.

8. Assessee A is the investor in share and held 1,000 shares of Rs. 10 each in a
     company, on 31st march, 1992 he was allotted 1,000 bonus shares of the face
     value of Rs. 10 each. The cost of acquisition of original share was Rs. 12 each.
     During the previous year ending 31 March, 2009, assessee sold 500 shares out
     of his bonus shares @ Rs. 14 per share. Compute the capital gain for the
     assessment year 2009-10 if cost inflation index for 90-91 is 182 and 2008-09
     582.

                           PART B — (4  15 = 60 marks)


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                               Answer any FOUR questions.

9. From the following particulars, find out the taxable salary of Mrs. Asha working
     at                           coimbatore                             (Population
     11 lakhs).
(a)   Salary Rs. 12,000 p.m
(b)      D.A Rs. 1,500 p.m
(c)   Employer's contribution to ERPF – 14% of basic salary.

(d)   Rent-free accommodation (unfurnished) – fair rental value is Rs. 80,000 p.a.
           expenses on maintanence of garden met by employer Rs. 3,000.

(e)   Interest     on      provident         fund      balance     @       13%           p.a.
           = Rs. 3,900.

(f)   She paid professional tax of Rs. 200.

(g)   She received Rs. 500 p.m. as fixed medical allowance.

10. Calculate income from other sources from the following :

(a)   Winning from lotteries (net amount) Rs. 17,350.

(b)      Income         from       letting        of    building    and      furniture
           Rs. 12,500. Expenses towards repairs of furniture Rs. 500 and
           depreciation                            towards                       building
           Rs. 1,000. The assessee owns the building.

(c)      Dividend declared by an Indian company Rs. 8,000 collection charges Rs.
           100.

(d)      Rs. 5,000 received as interest on government securities.

(e)      Rs. 4000 received as interest on debentures of local authority.

(f)      Rs.3000 received as interest on debentures from Abi ltd (non - listed).

(g)      Interest on 7 year post office NSC @ 7% Rs. 10,000.

11. Compute ARV from particulars given below.
                             MRV         Rs. 60,000 p.a



                                             18        DE–8670
                                                                          ws11


                            Standard Rent Rs. 63,000 p.a
                                FRV             Rs. 66,000 p.a
                              Real Rent         Rs. 6,000 p.m

Date of completion 31-5-2008 date of letting : 1-8-2008.

12. Explain how to tax various types of provident funds.

13. Explain the various expenses, which are expressly allowed while calculating
     income from business of profession.

14. Explain the various undisclosed income/investments which are considered as
     deemed incomes.

15. Explain       various       deductions           available   to   individuals
     U/S 80.



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                                           19          DE–8670

				
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