The Institute of Chartered Financial Analysts of India University 2011 C.A Chartered Accountant Chartered Accountancy -Pcc - Mock Test Series 1 - Question Paper

and Mrs. Suresh for the assessment year 2009-10, if Mr. Suresh is a
resident but not ordinarily resident in India and Mrs. Suresh is nonresident
in India.
3. explain the meaning of the subsequent terms under the Income-tax Act,
1961-
(i) Infrastructure Capital Company
(ii) Infrastructure Capital fund
(iii) India.
4. Ramesh was the General Manager of Amity Ltd. in Delhi. He retired from
his service on 31-12-2008 after 30 years of service. The subsequent
info has been given by him:
(i) Basic Salary Rs. 20,000 p.m. Dearness allowance 40% of basic
salary (50% of which forms part of salary for retirement benefits).
(ii) House rent allowance Rs. 5,000 p.m. He pays Rs. 6,000 p.m. as rent.
(iii) Medical allowance Rs. 1,200 p.m.
(iv) A car of 1.4 ltrs. engine cubic capacity is given by the company for
official and personal use and all expenses of running and maintenance
of car and salary of the driver are borne by the company.
(v) The monthly expenses incurred by Ramesh on gas and electricity
were Rs. 800 which were reimbursed by the employer.
(vi) Reimbursement of educational expenses of his 2 children which
amount to Rs. 450 p.m.
(vii)A watchman, a sweeper and a cook have been given to whom the
company pays a salary of Rs.600 p.m. every.
(viii) Loan of Rs. 1,50,000 @ 10% p.a. for construction of his house
was provided by the company. SBI rate of interest is 8% p.a.
(ix) He received Rs. 2,40,000 as gratuity. His salary for the preceding
years was as under:
Particulars Rs.
(a) Year ending 31-12-2005 1,10,000
(b) Year ending 31-12-2006 1,16,000
(c) Year ending 31-12-2007 1,20,000
(x) He received Rs. 1,25,000 for encashment of leave being twelve
months unavailed leave of Ramesh. He was entitled to 1 months
leave for every year of service.
(xi) Ramesh contributes 20% of his salary to a recognised provident fund
and the employers contribution is 10%.
(xii)He has invested Rs. 20,000 in National Savings Certificates VIII problem
and Rs. 15,000 in public provident fund. He paid Rs. 10,000 towards
life insurance premium.
calculate the total income of Ramesh for the assessment year 2009-10.
5. Ashok has a house property situated in Delhi which consists of 2 units.
Unit A has 60% floor area, whereas Unit B has 40% floor area. Unit A
was self-occupied by Ashok for eight months and w.e.f. 1-12-2007, it was let
out for Rs.12,000 p.m. Unit B was also meant for self occupation but it
was also let out w.e.f. 1-10-2007 for Rs. 9,000 p.m. The other particulars
of the house property were as under:
Rs.
Municipal taxes paid 55,000
Insurance premium 8,000
Interest on money borrowed 25,000
calculate income from house property for the assessment year 2008-09.
6. explain briefly on:
(a) Carry forward and set of losses in case of change in constitution of
firm or succession
(b) Exemption of specified income of Investor Protection Fund set up by
commodity exchanges.
7. Dr. Umesh is an individual medical practitioner. His gross receipts from
the medical practice for the year ending 31.03.2008 are Rs. 80 Lakhs. The
gross receipts for the year ending 31.03.2009 are Rs. nine Lakhs. During the
financial year 2008-09, he makes the subsequent payments to a resident
contractor for different activities:
Contract
No.
Name of
the
Contractor
Description of the
Contract
Amount
paid or
credited in
the books
(Rs.)
A Mr. P Medical equipment
maintenance contract
50,000
B Mr. P Household personal 2,70,000
equipment maintenance
contract
C Mr. R Clinic furnishing contract 19,000
D Mr. R Clinic furnishing contract 18,000
E Mr. R Clinic furnishing contract 19,500
Examine the liability to deduct tax and the amount of TDS under part
194C(1) for the A.Y. 2009-10.
8. explain the provisions of part 139B relating to the scheme for
submission of returns through Tax Return Preparers.
PAPER – 6A : info TECHNOLOGY
QUESTIONS
1. describe the subsequent terms briefly:
(a) Server (b) Seek Time (c) Bubble
Memory
(d) Boot Record (e) Microprocessor (f) Voice
Recognition
(g) Internet Explorer (h) String (i) Linked List
(j) Full Duplex (k) Gopher Server (l) URL
(m) ISP (n) Web Browser (o) Bit or Binary
(p) CRT (q) MIS (r) Redundancy
Check
(s) Spooling (t) Router.
2. Convert the subsequent from 1 number system to a different number system along
with the working notes:
(1) (1596)10 = ( )2
(2) (10011011)2 = ( )10
(3) (252.50)10 = ( )2
(4) (101110.101)2 = ( )10
3. (a) describe different kinds of storage devices in brief.
(b) What is Optical Laser Disk? How the data is stored on Optical Laser Disk?
4. (a) What is language translators? define in brief every of the language
translators.
(b) define the component used to create the expert system in brief.
5. (a) elaborate the various problems related with the backup and recovery of the
databases.
(b) Differentiate ranging from data winning and warehousing? define the
component used in data warehousing in brief.
6. (a) elaborate various factors that determine good CRM program? define in
brief.
(b) What is EDI? Explain? discuss how EDI works.
(c) elaborate various tools available to protect the system against intrusion?
define in brief.
7. A company has 2,500 employees. Their salaries are stored as J(s), 1, 2, 2500.
The salaries are divided in 4 categories as under :
(i)Less than Rs. 1,000 (ii) Rs. 1,000 to Rs.2,000
(iii) Rs. 2,001 to Rs. 5,000 (iv) Above Rs. 5,000.
Draw a flow chart for finding the percentage of the employees in every category.
8. Write short notes on the following:
(a) Mother Board
(b) Buses
(c) Digital Video Disk (DVD)
(d) Touch Screen
(e) Non-impact Printer
(f) Application Software
(g) Chat Server
(h) Extranet
(i) Mobile Commerce
(j) Bluetooth
(k) EFT.
PAPER – 6B : STRATEGIC MANAGEMENT
1. State with reasons which of the subsequent statements are correct/incorrect:
(a) According to Peter F Drucker businesses exist for making profits.
(b) Businesses function in an isolated manner.
(c) Under Porters 5 forces model new entrants are insignificant source of
competition.
(d) Competition is bad for organisations.
(e) Businesses have to respond to hostile environment with strategy.
(f) Strategies are not substitute for sound, alert and responsible management.
(g) Strategy is partly proactive and partly reactive
2. explain the competitive environment of the business. elaborate the 5 forces of
competitive analysis that are suggested by Michel Porter?
3. What is decision making? elaborate the major dimensions of strategic decisions?
4. Do you think that the companies should manage strategically? explain.
5. explain expansion as business strategy. elaborate the broad ways for businesses
to expand?
6. explain the important areas where human resource manager can play a strategic
role.
7. explain strategic business unit as a form of organisation structure.
8. Home Ease Ltd is a major manufacturer of home appliances in the country. The
company manufactures water purifier, electric ovens, irons, juicers and choppers.
Last 2 years have not been good for the company. It has lost its market share to
its competitors and imports. The Chief Executive Officer, Kawaljit, is worried as
the company has underperformed in its key financial indicators. Cheap Chinese
products have also threatened the survival of the company. Opening of economy
has also brought in manufacturers from around the world who also possess new
technology and designs. The customers are attracted to these designs.
To explain the matters Kawaljit called Gopinath, and Premnath to his office.
Gopinath is a bright Chartered Accountant and is acting as head of Finance
Department in the company. Premnath is an engineer and MBA with twelve years
of experience in marketing of electronic goods. He has joined company around
six months back and is acting as head of marketing division and managing things
at national level
Premnath felt that the company is facing issues as it has been too complacent.
It has not responded to the changing environmental conditions and has not
undertaken any formal strategic planning. He also felt that in the past the
company has pursued objectives that have been conflicting to every other. In order
to bring competitive advantage, Premnath suggested involving people from all
levels in the organisation for developing business strategy. He also stated that the
sales people who are in touch with the customers and retailer should also be
involved and greater emphasis should be placed on understanding the external
environment. This will help company to assess and formulate ways to have
competitive advantage using unique combination of resources, skills and
capabilities within the environment.
However, Gopinath outlined the benefits of more formal top down approach to
planning. Premnath argued that in the dynamic environment in which the
company is operating involving too many people would be waste of time. The
company has to incur huge cost and such an approach will only outcome in more
confusion and chaos.
learn the above case and ans the subsequent questions:
(a) Do you think that involving too many people in the planning exercise would
be a waste of time? explain.
(b) If Kawaljit hires you as an consultant which approach will you advocate?
Why?

Earning:   Approval pending.