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Commerce and Accountancy -2014: Answer Writing Challenge – 14

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28 October 2014

1) Explain whether services provided by a Veterinary clinic and Yoga establishment are exempt from service tax. (250 Words)

2) Mention the cases where valuation of house property for purpose of income tax shall be NIL. Also mention the exceptions to such rules. (250 Words)

3) “An auditor expresses an opinion on a company’s financial statements taken as a whole, not on individual items on the statements.” Explain the above statements with examples. (250 Words)