Ch 8: DEDUCTIONS FROM GROSS TOTAL INCOME — Study Material & Test Yourself
Final
📚 Direct Tax Laws & International Taxation
📖 Ch.8 — DEDUCTIONS FROM GROSS TOTAL INCOME
📘 V2: Study Material & Test Yourself
⚡ Free Mode (Answers Locked)
⏱ Duration: 54 Mins
🎯 Total Marks: 30
Passed at: 12 Marks
Max Attempts: 10
⚖️ Statutory Applicability: As amended by the latest Finance Act & Regulatory Notifications (AY 2026-27)
Answer ALL questions. Refer directly to curriculum standards and prescribed statutory provisions.
📑 Exam Questions
6 Questions • Total 30 Marks1(a): DEDUCTIONS FROM GROSS TOTAL INCOME
5 Marks
Mr. X is a domestic partner of Ms. Y. Mr. X has an investment in A Limited and Ms. Y has
an investment in B Limited.
Required
🔒 Model Answer & Step-by-Step Marking Rubric
Official 4-part guideline answer, ratio decidendi & step-by-step evaluation rubrics are exclusive to Pro Hub members.
1(b): DEDUCTIONS FROM GROSS TOTAL INCOME
5 Marks
Examine when can a related party relationship is established, from the perspective of
A Limited’s financial statements:
🔒 Model Answer & Step-by-Step Marking Rubric
Official 4-part guideline answer, ratio decidendi & step-by-step evaluation rubrics are exclusive to Pro Hub members.
2(a): DEDUCTIONS FROM GROSS TOTAL INCOME
5 Marks
Examine when can related party relationship is established, from the perspective of
B Limited’s financial statements:
🔒 Model Answer & Step-by-Step Marking Rubric
Official 4-part guideline answer, ratio decidendi & step-by-step evaluation rubrics are exclusive to Pro Hub members.
2(b): DEDUCTIONS FROM GROSS TOTAL INCOME
5 Marks
Will A Limited and B Limited be related parties if Mr. X has only significant influence
over A Limited and Ms. Y also has significant influence over B Limited:
🔒 Model Answer & Step-by-Step Marking Rubric
Official 4-part guideline answer, ratio decidendi & step-by-step evaluation rubrics are exclusive to Pro Hub members.
3(a): DEDUCTIONS FROM GROSS TOTAL INCOME
5 Marks
A Limited has both (i) joint control over B Limited and (ii) joint control or significant influence
over C Limited
Required
🔒 Model Answer & Step-by-Step Marking Rubric
Official 4-part guideline answer, ratio decidendi & step-by-step evaluation rubrics are exclusive to Pro Hub members.
3(b): DEDUCTIONS FROM GROSS TOTAL INCOME
5 Marks
Examine related party relationship from the perspective of C Limited’s financial
statements.
🔒 Model Answer & Step-by-Step Marking Rubric
Official 4-part guideline answer, ratio decidendi & step-by-step evaluation rubrics are exclusive to Pro Hub members.
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