1. What is the maximum deductible amount for health insurance premiums paid for Mr. Ram, a non-resident aged 70?
2. Mr. Xavier, a 55-year-old non-resident, received a dividend of ₹12 lakhs from Fair Trading Co (P) Ltd. in August 2016. With no other income in India, what would be his tax liability for this dividend?
3. XYZ (P) Ltd. repurchased 30,000 shares of ₹10 each at ₹40 per share. The company's accumulated profits at the time of buyback were ₹30 lakhs, accounting for 30% of the total paid-up capital. What is the tax liability of the company on this buyback?
4. Kumar Industries, a leather product manufacturer located in a backward area, acquired a generator worth ₹12 lakhs on 15.12.2016 and became eligible for a 25% subsidy. The subsidy was received in March 2017. What is the applicable depreciation for the year?
5. Ms. Pinky resigned from Zeet University after working for 4 years and 8 months. She received ₹1,40,000 from a recognized provident fund. What is the tax deductible at source under Section 192A?
6. Mr. Murali, an employee, took a ₹50 lakh bank loan to construct a self-occupied residential property. His total interest payment for the year was ₹2,60,000, out of which he paid ₹1,70,000 by 31.03.2017. How much interest is eligible for deduction?
7. Mr. Santhanam, an employee of Gama Ltd., transferred ₹5 lakhs from an approved superannuation fund to a National Pension System Trust under Section 80CCD. His computed salary income, excluding this transfer, is ₹9,40,000. What will be his total income after considering this transfer?
8. Pai Softwares Ltd., a BPO company in Bengaluru, acquired computers worth ₹20 lakhs on 10.05.2016 and computer software worth ₹10 lakhs in July 2016. What is the total depreciation claim for these assets?
9. Beta Ltd., based in Mumbai, is a subsidiary of Unity Inc., USA. When does transfer pricing adjustment arise between them?
10. An Advance Pricing Agreement (APA) is valid for a specified period but not exceeding how many consecutive financial years?