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CA-Inter-Taxation-Compiler

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Mr. A has taken two ULIPs. ULIP “X” is issued on 1.1.2023 and ULIP “Y” on 1.5.2024. The sum assured of ULIP “X” and ULIP “Y” is ₹ 30 lakhs and ₹ 40 lakhs, respectively. The annual premium paid by Mr. A during the P.Y. 2023-24 is ₹ 3 lakhs and ₹ 4 lakhs, respectively. What would be the taxability of the consideration received by Mr. A on maturity of both the ULIPs? (a) Consideration received on the maturity of ULIP “X” would be exempt u/s 10(10D) while the profits and gains from receipt of consideration on the maturity of ULIP “Y” would be taxable. (b) Consideration received on the maturity of ULIP “Y” would be exempt u/s 10(10D) while the profits and gains from receipt of consideration on the maturity of ULIP “X” would be taxable. (c) Consideration received on the maturity of both ULIP “X” and ULIP “Y” would be exempt u/s 10(10D) (d) The profits and gains from receipt of consideration on the maturity of both ULIP “X” and ULIP “Y” would be taxable. (RTP May ’22) Ans: (a

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ONE STOP SOLUTION
FOR
ALL ICAI RESOURCES
FOR CA INTER
NEW SYLLABUS




PAPER 3

TAXATION
MAY 2024 & NOV 2024 ONWARDS


COMPILER + QUESTION BANK
MAIN HIGHLIGHTS
✅ Most Unique Feature: Super Master Index before all the Chapters.
(Attemptwise & Chapterwise Q&A Bifurcation)
✅ Complete Coverage of ICAI Study Material
✅ Complete Coverage of ICAI MTPs (since May 2018)
✅ Complete Coverage of ICAI RTPSs (since May 2018)
✅ Complete Coverage of ICAI Past Papers (since May 2018)
✅ One Stop Solution for all ICAI Q&As.
Dr. CA Ravi Agarwal
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,Dr. CA Ravi Agarwal's CA Inter Taxation Compiler 6.0 Score 70+ in Taxation

Paper 3 - Taxation Dr. CA Ravi Agarwal's CA Final Audit Compiler 6.0




2 Page




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,Dr. CA Ravi Agarwal's CA Inter Taxation Compiler 6.0 Score 70+ in Taxation

Paper 3 - Taxation Dr. CA Ravi Agarwal's CA Final Audit Compiler 6.0




3 Page




Crack your CA CS CMA Exams in 1 Attempt -Join CA Mentoring Program if you are unable to manage/focus on your studies.
Batch 1: Working Students (Job) Batch 2: Doing Classes Batch 3: Full time available for Studies Batch 4: Married Students
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all subjects free Question Bank

, Dr. CA Ravi Agarwal's CA Inter Taxation Compiler 6.0 Score 70+ in Taxation

Paper 3 - Taxation Dr. CA Ravi Agarwal's CA Final Audit Compiler 6.0



Table of Contents
Sr. Particulars Page Number
No
Section A
1 Basic Concepts 6 to 43
2 Residence and Scope of Total Income 45 to 108
3.1 Salaries 110 to 170
3.2 Income from House Property 172 to 207
3.3 Profits and Gains of Business or Profession 209 to 258
3.4 Capital Gains 260 to 324
3.5 Income from Other Sources 326 to 349
4 Income of Other Persons included in Assessee’s Total Income 351 to 385
5 Aggregation of Income, Set-Off and Carry Forward of Losses 387 to 451
6 Deductions from Gross Total Income 453 to 494
7 Advance Tax, Tax Deduction at Source and Tax Collection at 496 to 550
Source
8 Provisions for filing Return of Income and Self Assessment 552 to 581
9 Income Tax Liability – Computation and Optimization 583 to 751
Section B
1 GST in India – An Introduction 753 to 764
2 Supply under GST 766 to 783
3 Charge of GST 785 to 810
4 Place of Supply 812 to 831
5 Exemptions from GST 833 to 862
6 Time of Supply 864 to 883
7 Value of Supply 885 to 931
8 Input Tax Credit 933 to 991
9 Registration 993 to 1025
10 Tax Invoice; Credit and Debit Notes 1027 to 1048
11 Accounts and Records 1050 to 1057
12 E-Way Bill 1059 to 1071
13 Payment of Tax 1073 to 1088
14 Tax Deduction at Source and Collection of Tax at Source 1090 to 1100
15 Returns 1102 to 1114
4 Page




Crack your CA CS CMA Exams in 1 Attempt -Join CA Mentoring Program if you are unable to manage/focus on your studies.
Batch 1: Working Students (Job) Batch 2: Doing Classes Batch 3: Full time available for Studies Batch 4: Married Students
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