CBSE Class 12 Taxation Set 4 - (346) Question Paper 2026 is available for download here. CBSE conducted the Class 12 Taxation examination on April 8, 2026, from 10:30 AM to 1:30 PM. The Taxation theory paper is of 60 marks and the time allowed is 3 hours. The question paper was handed out at 10:15 AM, and the first 15 minutes were given for reading it.
The paper has 24 questions in two sections, and a candidate has to answer 17 of them:
- Section A has Q1 - Q6, objective type questions (30 marks),
- Section B has Q7 - Q24, subjective type questions (30 marks), of which 11 questions have to be attempted.
Q1 and Q7 - Q11 are on Employability skills. There is no negative marking in Section A.
CBSE Class 12 Taxation Set 4 - (346) Question Paper 2026 with Solution PDF
| CBSE Official PDF | CD PDF | CD PDF with Solutions |
|---|---|---|
| Download official PDF 0.52 MB | Download Collegedunia PDF 0.24 MB | – |
CBSE Class 12 Taxation 2026 Set 4 (346) Questions with Solutions
Define entrepreneur.
Which of the following is not a stage of active listening ?
What is not a characteristic of an ideal message ?
A sentence that contains an order, command, request or advice is called :
What is meant by a Sender and a Receiver in the communication process ?
A commercial business letter is a letter written in _________ language.
Who is the Father of GST in India ?
Health and Education Cess is :
Which of the following is not included in time management ?
The steps involved in a solid waste management system include :
Income tax is imposed by :
Which of the following is not required to file an annual return ?
IGST is payable when the supply is :
What is E-TDS ?
The obligation to deduct TDS shall arise only if the amount paid as rent exceeds :
Deduction under Section 80EE is allowed on interest on home loan, provided the cost of the house property bought does not exceed :
What is the amount of maximum rebate under Section 87A for resident individuals having a total income of ₹ 5 lakh ?
Which of the following does not relate to the meaning of ‘Rent’ ?
Deduction under Section 80G on account of donation is allowed to :
The quantum of deduction allowed under Section 80D in case of HUF shall be limited to :
Donation offered by a person is deductible under ___________ of the Income Tax Act, 1961.
How many heads of income are there in computing Gross Total Income (GTI) ?
Under Section 194B of the Income Tax Act, the rate of tax on winnings from lotteries is :
At what age does a resident qualify to be a super senior citizen ?
What is the importance of ‘Advance Tax Receipts’ ?
Who is eligible for deduction of interest paid on loan taken for pursuing higher education under Section 80E ?
The maximum rate for CGST is :
Which of the following taxes is levied and collected on the import of goods ?
Who will announce the rate of taxation to be levied under the CGST Act ?
Which of the following taxes is not included in the GST ?
GST is a _________ -based indirect tax on consumption of goods and services.
Section 80E is related to deduction for :
Who headed the task force that recommended the introduction of GST ?
How many digits are there in GST identification number ?
The rate of tax on long-term capital gains on shares under Section 112A is :
Give two examples of Sin Tax.
What is the Reverse Charge Mechanism (RCM) under GST ?
In how many instalments is advance tax payable ?
List the four key skills that one needs to develop to learn a language.
What is meant by ‘Self-management’ ?
What is Self-awareness ?
State any two benefits of Green Jobs.
What is meant by ‘Cell’ ?
Mahesh, his wife and two sons are independently-employed persons. Mahesh and his wife are not senior citizens. Mahesh paid mediclaim insurance of ₹ 8,000 for himself, ₹ 10,000 for his wife and ₹ 9,000 each for both of his sons. He also pays ₹ 11,000 for each of his parents, who are senior citizens. Calculate the amount of deduction allowed under Section 80D.
Suresh has a salary income of ₹ 7,50,000. He took on loan from Indian Bank at 10% on 01.04.2024 a sum of ₹ 20,00,000 and purchased a residential property worth ₹ 4,00,000 on 04.04.2024. Since its acquisition, it has been used as personal residential property. He did not own any other residential have property on the date of the loan. He has made a total investment of ₹ 1,00,000 in the residential property under Section 80C. Calculate his total income.
State any three points of ‘Tax Deducted at Source’ (TDS) paid to the government.
List any three parties to whom ‘Alternate Minimum Tax’ shall not be applicable.
What is meant by ‘Inter-State Supply’ ?
Differentiate between CGST and IGST.
Explain ‘Dual GST’.
A shopkeeper buy goods worth ₹ 10,000 and sells them at a profit of 20% to a consumer in the same state. If GST is charged at 5%, find :
(a) The selling price (excluding tax) of the goods
(b) CGST paid by the consumer
(c) SGST paid by the consumer
(d) The total amount paid by the consumer
Mr. Ravi is a Chartered Accountant. His estimated tax liability for the financial year 2023 – 24 amounted to ₹ 3,00,000. By which date should he pay advance tax and how much ?
For the following transactions from Jaipur to Delhi, fill in the blanks to find the amount of Bill : MRP ₹ 1,00,000, Discount 20%, GST = 28% Discount _____________
Selling price (discounted value) _____________
CGST _____________
SGST _____________
IGST _____________
Amount of Bill
Mr. Sohan, being an author and a businessman, provides the following information for the year ending 31.03.2014 :
(a) Salary ₹ 7,96,200 per year.
(b) D.A. ₹ 96,000 per year.
(c) Commission on turnover achieved by him @ 5% of ₹ 20,00,000.
(d) He is provided a car of 1·81 engine capacity with chauffeur for his official and private purposes.
(e) Bonus ₹ 20,000
(f) He is provided a rent-free furnished house and the employer pays ₹ 1,20,000 per year for the house and ₹ 50,000 per month for the furniture.
(g) Premium of mediclaim insurance taken for wife : ₹ 9,000.
(h) Royalty received on a book written for school : ₹ 3,50,000.
Describe the advantages and disadvantages of GST.
Discuss the importance of Input Tax Credit (ITC).
CBSE Class 12 Taxation 2026 Set 4 - (346) Exam Pattern and Marking Scheme
| Section | Questions | Question Type | Attempt | Marks |
|---|---|---|---|---|
| A | Q1 (Employability skills) | Objective type | Any 4 out of 6 | 4 |
| A | Q2 | Objective type | Any 5 out of 7 | 5 |
| A | Q3 | Objective type | Any 6 out of 7 | 6 |
| A | Q4 | Objective type | Any 5 out of 6 | 5 |
| A | Q5 | Objective type | Any 5 out of 6 | 5 |
| A | Q6 | Objective type | Any 5 out of 6 | 5 |
| B | Q7 - Q11 (Employability skills) | Subjective, 20 - 30 words, 2 marks each | Any 3 out of 5 | 6 |
| B | Q12 - Q16 | Subjective, 20 - 30 words, 2 marks each | Any 3 out of 5 | 6 |
| B | Q17 - Q19 | Subjective, 30 - 50 words, 3 marks each | Any 2 out of 3 | 6 |
| B | Q20 - Q24 | Subjective, 50 - 80 words, 4 marks each | Any 3 out of 5 | 12 |
| Total | 24 questions | 17 to be answered | 60 |
CBSE Class 12 Taxation 2026 Set 4 - (346) Question Paper FAQs
Ques. How many questions are there in the CBSE Class 12 Taxation 2026 question paper (Set 4 - 346)?
Ans. The paper has 24 questions in two sections: Section A with 6 objective questions and Section B with 18 subjective questions. A candidate has to answer 6 + 11 = 17 questions in the allotted time of 3 hours.
Ques. How are the marks divided between the two sections of the Taxation 2026 paper?
Ans. Section A (objective type) carries 30 marks and Section B (subjective type) carries 30 marks, for a total of 60 marks.
Ques. Is there any negative marking in the CBSE Class 12 Taxation 2026 paper?
Ans. No. The general instructions state that there is no negative marking.
Ques. How much time is given for the CBSE Class 12 Taxation 2026 paper?
Ans. The paper is of 3 hours (10:30 AM to 1:30 PM). The question paper is distributed at 10:15 AM and candidates get 15 minutes to read it before they start writing.
Ques. What is the word limit for the subjective answers?
Ans. Two-mark questions have to be answered in 20 - 30 words, three-mark questions in 30 - 50 words and four-mark questions in 50 - 80 words.
Ques. Where can I get the official CBSE Class 12 Taxation question paper?
Ans. The official question papers are published on the CBSE website, cbse.gov.in. You can also download the official PDF from the table above.
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