Section A (1 Mark)
Income which accrue or arise outside India but are received directly in India are taxable in case of:

Section A (1 Mark)
In .....................without delivery possession of the mortgaged property, there mortgager binds himself personally to pay the mortgage money

Section A (1 Mark)
An Agreement entered into between the Sellor and Buyer for transfer of the right / ownership of the property on an outright sale/purchase is known as __________.

Section C (4 Mark)
At end of this year ICICI Ltd. will pay a dividend on its stock of Rs. 5 per share. The dividend is expected to remain same for next year. During third year dividend is expected to be Rs.6 from there on, the dividend is expected to grow at 5% per year indefinitely. Stocks with similar risk are currently priced to provide a 10% expected return. What is the intrinsic value of ICICI Ltd.

Section B (2 Mark)
An assessee was allowed deduction of unrealized rent to the extent of Rs. 40,000 in the past although the total unrealized rent was Rs. 60,000. He is able to recover from the tenant Rs.45,000 during the previous year on account of such unrealized rent. He shall be liable to tax to the extent of: