CBSE Class 12 Question Paper 2025 Taxation

Series : YWXZ4 SET~4
-
Q.P. Code 346
- -
Roll No. -
Candidates must write the Q.P. Code
on the title page of the answer-book.

> NOTE

(I) - (I) Please check that this question paper
15 contains 15 printed pages.

(II) - (II) Q.P. Code given on the right hand
- - side of the question paper should be
written on the title page of the
- answer-book by the candidate.

(III) - 24 (III) Please check that this question paper
contains 24 questions.

(IV) (IV) Please write down the Serial
, - Number of the question in the
answer-book at the given place
before attempting it.
(V) - 15 (V) 15 minute time has been allotted to
- read this question paper. The
question paper will be distributed
10.15 10.15 at 10.15 a.m. From 10.15 a.m. to
10.30 - 10.30 a.m., the candidates will
- read the question paper only and
will not write any answer on the
# answer-book during this period.

TAXATION
3 60
Time allowed : 3 hours Maximum Marks : 60

*346-1* 1 # [ P.T.O. ]

(i)

(ii) - 24

(iii)

(iv) (6 + 18) = 24 3
(6 + 11) = 17

(v)

(vi) : 30
(a) 6
(b)
(c)
(d) /

(vii) : 30
(a) 18
(b) 11
(c)
(d) /

-
( (30 )
1. 6 4 4 1=4

(i) ?
(A)
(B)
(C)
(D)

*346-1* 2 #

General Instructions :
(i) Please read the instructions carefully.
(ii) This question paper consists of 24 questions in two Sections : Section A
and Section B.
(iii) Section A has Objective Type Questions, whereas Section B contains
Subjective Type Questions.
(iv) Out of the given (6 + 18) = 24 questions, a candidate has to answer
(6 + 11) = 17 questions in the allotted (maximum) time of 3 hours.
(v) All questions of a particular section must be attempted in the correct
order.
(vi) Section A : Objective Type Questions (30 marks) :
(a) This section has 6 questions.
(b) There is no negative marking.
(c) Do as per the instructions given.
(d) Marks allotted are mentioned against each question/part.
(vii) Section B : Subjective Type Questions (30 marks) :
(a) This section has 18 questions.
(b) A candidate has to do 11 questions.
(c) Do as per the instructions given.
(d) Marks allotted are mentioned against each question/part.

SECTION A
(Objective Type Questions) (30 Marks)

1. Answer any 4 out of the given 6 questions on Employability Skills. 4 1=4
(i) What is meant by Decoding ?
(A) Turning thoughts into communication
(B) Turning communication into thoughts
(C) Turning thoughts and communication
(D) Turning communication and thoughts

*346-1* 3 # [ P.T.O. ]

(ii) ?
(iii) - ?
(A) Ctrl + B (B) Ctrl + I
(C) Ctrl + L (D) Ctrl + U
(iv) - ?
(A) (B)
(C) (D)
(v) _________
(A) (B)
(C) (D)
(vi) ?
2. 7 5 5 1=5
(i) < __________
(A) < 5,000 (B) < 10,000
(C) < 15,000 (D) < 20,000
(ii) 1 ?
(A) 31 (B) 30
(C) 30 (D) 31
(iii)
(A) (B)
(C) (D)
(iv) 1961 - (PAN) ?
(A) 139A (B) 140A
(C) 147A (D) 54EC
(v)
(vi)
(vii) ?
(A)
(B)
(C)
(D)

*346-1* 4 #

(ii) What is meant by noise in the communication process ?
(iii) What is the shortcut key to underline text in a spreadsheet ?
(A) Ctrl + B (B) Ctrl + I
(C) Ctrl + L (D) Ctrl + U
(iv) Which of the following is not a parameter to describe an individual s
personality ?
(A) Self-confidence (B) Openness
(C) Neuroticism (D) Agreeableness
(v) Entrepreneurship is considered to be :
(A) An art (B) A science
(C) Both an art and a science (D) A profession
(vi) What is meant by Green Jobs ?

2. Answer any 5 out of the given 7 questions. 5 1=5
(i) TDS is not deducted on wining a lottery up to the amount of
(A) < 5,000 (B) < 10,000
(C) < 15,000 (D) < 20,000
(ii) If the financial year starts from April 1st, then the 1st quarter will
end on :
(A) March 31st (B) June 30th
(C) September 30th (D) December 31st
(iii) GST registration is :
(A) PAN based (B) Passport based
(C) Aadhar based (D) Voter ID Card based
(iv) Which section of the Indian Income Tax Act, 1961 deals with PAN ?
(A) 139A (B) 140A
(C) 147A (D) 54EC
(v)
(vi) List the main dimensions of Green Skills.
(vii) What is the full form of IGBC ?
(A) The Indian Green Building Council
(B) The International Green Building Council
(C) The Indian Green Beneficial Council
(D) The International Green Beneficial Council

*346-1* 5 # [ P.T.O. ]

3. 7 6 6 1=6
(i) 80C
(A) < 50,000 (B) < 1,50,000
(C) < 2,00,000 (D) < 3,00,000
(ii) 80G
(A)
(B)
(C)
(D)
(iii) 80E
?
(A) 8 (B) 9
(C) 10 (D) 12

(iv) 80DD ?
(A)
(B)
(C)
(D)

(v) ?
(vi) 80G 100%

(vii) - /
?
(A) 80D (B) 80E
(C) 80B (D) 80C

4. 6 5 5 1=5

(i)
(A) (B)
(C) (D)

*346-1* 6 #

3. Answer any 6 out of the given 7 questions. 6 1=6
(i) Maximum qualifying limit for deduction under Section 80C is :
(A) < 50,000 (B) < 1,50,000
(C) < 2,00,000 (D) < 3,00,000
(ii) Deduction under Section 80G on account of donation is allowed to :
(A) A business assessee only
(B) Any assessee
(C) Individual assessee or HUF only
(D) Individual assessee only
(iii) Deduction under Section 80E for interest on education loan taken for
higher education can be claimed for a maximum period of :
(A) 8 years (B) 9 years
(C) 10 years (D) 12 years
(iv) Who can claim deduction under Section 80DD ?
(A) HUFs
(B) Individuals
(C) Disabled persons
(D) HUFs and individuals who are caring for a disabled dependent
(v) What do you mean by TDS ?
(vi) State one fund which is eligible for deduction under Section 80G at
100%.
(vii) Which section is related to deduction in respect of medical insurance
premium available to individual/HUF ?
(A) Section 80D (B) Section 80E
(C) Section 80B (D) Section 80C

4. Answer any 5 out of the given 6 questions. 5 1=5
(i) Income tax is rounded off to
(A) Nearest ten rupees (B) Nearest one rupee
(C) No rounding off of tax (D) Nearest five rupees

*346-1* 7 # [ P.T.O. ]

(ii) (SHEC)
(A)
(B)
(C)
(D)
(iii) 56 2015-16
< 7,26,500
(A) < 72,410 (B) < 74,210
(C) < 70,410 (D) < 71,410
(iv)
(A) 2% (B) 3%
(C) 5% (D) 10%
(v) 80QQB

(A) < 50,000 (B) < 1,50,000
(C) < 2,00,000 (D) < 3,00,000
(vi) 80IC
(A)
(B)
(C) ,
(D)

5. 6 5 5 1=5
(i) ?
(A) (B)
(C) (D)
(ii)
(A) (B)
(C) (D)
(iii)
(A) 6 (B) 4
(C) 3 (D) 5
*346-1* 8 #

(ii) Secondary and Higher Education Cess (SHEC) is leviable on
(A) Income tax
(B) Income tax surcharge if applicable
(C) Education cess
(D) Income tax, surcharge if applicable and education cess

(iii) Radha, a resident of India, is 56 years old. Her total income for
assessment year 2015 16 was < 7,26,500. Her tax liability was
(A) < 72,410 (B) < 74,210
(C) < 70,410 (D) < 71,410
(iv) Education cess is leviable @
(A) 2% (B) 3%
(C) 5% (D) 10%
(v) Deduction available under Section 80QQB in respect of royalty
income of authors shall not exceed _________ in a previous year.
(A) < 50,000 (B) < 1,50,000
(C) < 2,00,000 (D) < 3,00,000
(vi) Deduction under Section 80IC is allowed if the business of the
assessee is situated
(A) In any state
(B) In any backward state
(C) In the states of Sikkim, Himachal Pradesh and Uttarakhand
(D) In the states of Himachal Pradesh and Uttarakhand
5. Answer any 5 out of the given 6 questions. 5 1=5
(i)
(A) Internal (B) Integrated
(C) International (D) Intra
(ii) Taxes that are levied on any Intra State purchases are
(A) IGST (B) CGST and SGST
(C) SGST (D) CGST
(iii) The number of structures
(A) 6 (B) 4
(C) 3 (D) 5
*346-1* 9 # [ P.T.O. ]

(iv)
(A) 1 2017 (B) 1 2017
(C) 1 2017 (D) 1 2017
(v) - ?
(A) (B)
(C) (D)
(vi) - ?
(A) (B)
(C) (D)

6. 6 5 5 1=5

(i) 80G ?
(A) (B)
(C) (D)

(ii) 80G ?
(A) 10% (B) 100%
(C) 75% (D) 50%

(iii)

(A) (B)

(C) (D)

(iv)
(A) 80CCC (B) 80G
(C) 80DD (D) 80GGA
(v) _______
(A) 80E (B) 80G
(C) 80C (D) 80U

(vi) ________
(A) 80G (B) 80U
(C) 80GG (D) 80CCF

*346-1* 10 #

(iv) GST was implemented in India from
(A) 1st January 2017 (B) 1st April 2017
(C) 1st March 2017 (D) 1st July 2017
(v) Which of the following would be levied on import of goods ?
(A) CGST (B) SGST
(C) IGST (D) CGST and SGST
(vi) Which one of the following taxes is included in the GST ?
(A) Central Sales Tax (B) Central Excise Duty
(C) VAT (D) Import Duty

6. Answer any 5 out of the given 6 questions. 5 1=5
(i) Deduction under Section 80G can be claimed on :
(A) Rent (B) Donation
(C) Medical (D) Education
(ii) Contribution to the National Defence Fund is eligible for what
percentage of deduction under Section 80G ?
(A) 10% (B) 100%
(C) 75% (D) 50%
(iii) In India, the GST is based on the dual model GST adopted in
(A) UK (B) Canada
(C) USA (D) Japan
(iv) Deduction for contribution to pension fund is related to Section
(A) 80CCC (B) 80G
(C) 80DD (D) 80GGA
(v) Deduction for interest on loan taken for higher education is related
to Section
(A) 80E (B) 80G
(C) 80C (D) 80U
(vi) Section __________ is for donations to certain funds or charitable
institutions.
(A) 80G (B) 80U
(C) 80GG (D) 80CCF

*346-1* 11 # [ P.T.O. ]

- $
( (30
5 3 20 30
3 2=6
7.
8. ?
9.
10. ?
11.
5 3 20 30 3 2=6
12. < 8,90,000 < 1,20,000
< 1,10,000

13. 80C 80U ?
14. 2015 16 < 4,90,000 < 3,90,000
< 1,40,000

(a) 60
(b) 60
15. 80C, 80CCC 80CCD ?
16. < 80,000 2015 16
< 50,000

3 2 30 50 2 3=6
17. 31.03.2023

<
1,00,000
1,00,000
12,00,000

*346-1* 12 #

SECTION B
(Subjective Type Questions) (30 Marks)
Answer any 3 out of the given 5 questions on Employability Skills. Answer each
question in 20 30 words. 3 2=6
7. State two benefits of Green Jobs.
8. How does neuroticism effect a person ?
9. State any two characteristics of an entrepreneur.
10. What is meant by Active listening ?
11. Name two components of an OpenOffice Impress video.
Answer any 3 out of the given 5 questions in 20 30 words each. 3 2=6
12. Gross total income of Ram who is self-employed is < 8,90,000. He has
deposited < 1,20,000 in PPF and < 1,10,000 in pension scheme of the
Central Government. Compute his taxable income.
13. What are the basic rules of governing deduction under Section 80C to
80U ?
14. R had gross total income of < 4,90,000 for the assessment year 2015 16,
which included < 3,90,000 as long term capital gains. He had deposited
< 1,40,000 in PPF during the year. Compute his tax liability assuming he
was :
(a) Less than 60 years of age.
(b) More than 60 years of age.
15. What is the aggregate amount of deductions under Sections 80C, 80CCC
and Section 80CCD ?
16. Umang has a monthly salary of < 80,000. Deductions claimed by him were
< 50,000 during the previous year 2015 16. Calculate the average rate of
TDS payable on his salary and amount that could be deducted every
month as TDS on salary.
Answer any 2 out of the given 3 questions in 30 50 words each. 2 3=6
17. Aarav being an author and a businessman provides us the following
information for the year ending 31.03.2023 :
<
Long Term Capital Gains (land) 1,00,000
Income from house property 1,00,000
Salary (after standard deduction) 12,00,000
Compute his tax liability.
*346-1* 13 # [ P.T.O. ]

18.

19.

5 3 50 80 3 4=12

20. X :
<
9,000
7,000
18,000

21. 2024 25 X

<
4,00,000
1,00,000
80C 1,50,000

22. 45 2023 24
< 50,00,000 44AD
44AA < 2,64,000
?
23. 2023 24 < 3,00,000
< 90,000 15 26 2024

< 4,00,000 ?
24. < 15,000
18% , 9% 9%

*346-1* 14 #

18. State any two merits of GST.

19. Explain any two returns under GST regulations.

Answer any 3 out of the given 5 questions in 50 80 words each. 3 4=12

20. From the following details, calculate gross total income of X :
<
Interest on Securities (Net) 9,000
Winning from lotteries (Net) 7,000
Interest on deposits (Net) 18,000

21. For the assessment year 2024 25, calculate tax liability of X from the
following details :
<
Long Term Capital Gains (Silver) 4,00,000
Income from Other Sources 1,00,000
Deduction under Section 80C 1,50,000

22. Ahuja (age 45 years) runs a furniture business. The turnover of the
business for the financial year 2023 24 amounted to < 50,00,000. He has
not adopted the provisions of Section 44AD and has maintained the
regular books of accounts as per the provisions of Section 44AA. The
accounts revealed a net profit of < 2,64,000. Will he be liable to pay
advance tax ? State with solution.

23. Aryan is an architect. His estimated tax liability for the year 2023 24
amounted to < 3,00,000. He has paid advance tax of < 90,000 for
15th September to 26th November 2024. He got a contract after which his
income increased and his revised tax liability for the year amounted to
< 4,00,000. In this case, how much advance tax is he required to pay in
subsequent instalments ?

24. A retailer in Chennai sold goods worth < 15,000 to a consumer within the
state. The GST rate applicable on these goods is 18%, CGST @ 9% and
SGST @ 9%. Calculate the total GST paid by the retailer and the tax
collected by the Tamil Nadu Government and the Centre.

*346-1* 15 # [ P.T.O. ]