Direct Tax Laws & International Taxation - May 2026 RTP

1. What would be the residential status of Mr. Nylon in India for the P.Y. 2025-26? may 2026 examination} 6 EXAMINATION DIRECT TAX LAWS & INTERNATIONAL REVISION TEST PAPERS TEST PAPERS TAXATION (a) Non-resident (b) Resident and Ordinarily Resident (c) Resident but Not Ordinarily Resident (d) Deemed Resident but not Ordinarily Resident 2. | What would be the total income of Mr. Nylon for the Assessment Year 2026-27? (a) 51,20,000 (b) 54,95,000 (c) 45,25,000 (d) 41,25,000

4. Determine the amount of tax to be deducted at source on Fees for technical services, considering that DTAA between India and Country X provides that fees for technical services is taxable in India @25% irrespective of the agreement being approved by the Central Government? (a) TDS of % 5,20,000 by XYZ Ltd. and = 3,50,000 by M/s PQR LLP (b) TDS of % 5,20,000 by XYZ Ltd. and % 4,36,800 by M/s PQR LLP (c) TDS of % 5,20,000…

5. What is the remedy available to the Mrs. Nile in respect of appeal which was decided against her on 15.03.2026? 3 sway 2026 examination] 2026 EXAMINATION (a) She can file an application for revision to the Commissioner under section 264. (b) She can file an application for rectification under section 154, if it is a mistake apparent from the record. (c) She can file appeal to Appellate Tribunal under section 253 (d) She would be liable to pay penalty…

7. Compute the amount of capital gains includible in the total income of Mr. Kunal Verma and tax thereon (ignore cess and surcharge, if any) for the AY. 2026-27: (a) % 1,00,66,304 and & 15,84,375 (b) % 1,28,00,000 and % 15,12,636 (c) % 1,26,75,000 and % 15,12,636 (d) % 1,01,91,304 and & 15,28,261

8. Compute the total income and tax liability of Mr. Kunal Verma for the AY. 2026-27. Ignore TCS/TDS if any collected or deducted while computing tax liability: (a) % 1,63,00,000 and % 25,62,590 (b) % 1,61,75,000 and % 28,62,640 (c) % 1,39,41,304 and & 26,52,290 (d) % 1,35,66,304 and % 26,48,390 5 sway 2026 examination] 2026 EXAMINATION

9. What amount of tax deducted at source and tax collected at source can be claimed as tax credit by Mr. Kunal Verma while paying self-assessment tax for the A.Y. 2026-27? (a) ₹8,75,000 (b) ₹7,60,000 () ₹5,25,000 (da) % 10,25,000

10. Which of the following statements are correct while processing return under section 143(1)? (i) | Re-computation of long-term capital gains based on figures available in the return and schedules can be made if the claim is incorrect and apparent from the information furnished. (ii) Credit of TCS reflected in Form 26AS must be allowed even if the assessee has neither claimed the credit nor disclosed the transaction properly in the return. (iii) Levy of interest under sections 234A, 234B…