B.A. LL.B. (Five Years) Sem 7 Law of Taxation 2015 Jun Question Paper - KSLU

Questions asked in this paper

1. Q1 Define Agricultural Income. Explain its characteristics.
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2. Q2 Explain the important factors to be considered while assessing the taxable income from House Property.
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3. Q3 Discuss the provisions relating to Appeal Under Income Tax Act 1961.
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4. Q4 Explain the charge of Wealth Tax and state what are the deemed assets under Wealth Tax Act.
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5. Q5 Explain the merits and demerits of excise duty.
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6. Q6 Explain the provisions relating to the valuation of goods under the Customs Act 1962.
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7. Q7 According to Central Sales Tax Act 1956 when the sale or purchase of goods is said to have taken place in the course of export.
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Write short note on any two of the following :

1. Q8 (a) Revision power of Income Tax Commissioner.
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2. Q8 (b) Harmonised system of nomenclature.
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3. Q8 (c) Objectives of VAT.
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Solve any two of the following problems :

1. Q9 (a) Explain the rules determining the residential status of an individual assessee.
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2. Q9 (b) Give a format determing the taxable income from salary.
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3. Q9 (c) Give a format determing the taxable income from other sources.
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Typed from the KSLU paper above. The paper is the original. Long reading passages are shortened here to their first and last lines and a summary.