CA Inter Paper 4 case studies
CA Inter Paper 4 · Put your knowledge to work in context.
CA Inter Paper 4 is the taxation paper of the Chartered Accountancy Intermediate level, delivered by ICAI, the Institute of Chartered Accountants of India. The paper is split into two equal halves: Part I covers Income-tax Law and Part II covers Goods and Services Tax, and each half carries roughly half the paper's marks. The CA Inter Paper 4 case studies are 5 cases and about 5,196 words.
1Two Houses, One Land Sale: House Property Loss, Section 50C and the 54F Trap
Mr Raghav, aged 48, is a resident individual working as a plant manager in Chennai. His salary for FY 2024-25 is ₹18,00,000.
958 words, about 5 min2Opting Out of Section 44AD: The Five-Year Lock-out and the Audit That Cannot Be Avoided
Mr Arun Kumar runs a wholesale garment business as a sole proprietor at Ludhiana. For FY 2023-24 his turnover was ₹2,20,00,000, received wholly through bank transfers and UPI with no cash receipts.
1,002 words, about 5 min3Brought-forward Losses in a Private Company: Belated Return, Section 79 and Unabsorbed Depreciation
Zenova Polymers Private Limited, a manufacturer at Surat, is a domestic company whose shares are held equally by two individuals, neither of whom is a relative of the other. For FY 2024-25 its business profit, before set-off of any brought-forward items, is ₹62,00,000.
920 words, about 5 min4Zero-Rated or Not: Place of Supply on Cross-Border Services with an Indian Recipient
M/s Nexa Analytics LLP is registered in Pune and supplies data analytics and software support services, all performed in India. Its aggregate turnover is ₹6.5 crore and it has furnished a letter of undertaking.
1,134 words, about 6 min5Blocked Credits and Common Credit Apportionment in a Dual-Supply Factory
Sunrise Foods Pvt Ltd, a GST-registered manufacturer of packaged snacks at Nagpur, makes both taxable and exempt supplies. For October 2024 its records show the following.
1,182 words, about 6 min