(i) BG(P) Ltd. received ₹10 lakhs in royalty for a patent developed and registered in India. What is the income-tax payable on the royalty?

(ii) For an assessee covered under section 44AD, when should the advance tax be paid?

(iii) Mr. Johnson acquires a motor car worth ₹12 lakhs on 01.11.2016 with a bank loan of ₹10 lakhs. The car dealer must collect tax at source on the sale. What is the amount of tax?

(iv) Mr. Arun (age 50) has a business loss of ₹15 lakhs and unexplained cash credit of ₹20 lakhs. What is his total tax liability including cess?

(v) Excel Ltd. and Exceed Ltd. amalgamated in December 2016 to form Excellence Ltd. The expenditure for amalgamation was ₹10 lakhs. What is the deductible amount for the assessment year 2017-18?

(vi) Venus Traders, engaged in the turmeric trade with a turnover exceeding ₹200 lakhs, dispatched goods through Indian Railways. The freight payable as of 31.03.2017 was ₹1,40,000. To claim the freight as an expense, when should it be paid to Indian Railways?

(vii) A capital asset, such as shares in a private company, is considered a long-term capital asset if held for more than how many months?

(viii) Laxmi, wife of Udayakumar, received ₹10 lakhs from the National Pension System Trust. What is the amount chargeable to tax?

(ix) For a non-government employee, what is the monetary limit for exemption of leave salary at the time of retirement?

(x) What is the penalty for failure to furnish a statement of financial transactions?