B.A. LL.B. (Five Years) Sem 7 Law of Taxation 2018 Dec Question Paper - KSLU

Questions asked in this paper

1. Q1 Explain the provisions regulating tax incidence on capital gains.
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2. Q2 The incidence of income tax depends upon the residential status of an Assessee. Explain.
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3. Q3 Explain the factors to be considered while assessing the taxable Income from House Property.
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4. Q4 Explain the importance of place of supply under CGST and SGST.
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5. Q5 Explain the provisions governing Registration under GST.
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6. Q6 Explain the powers and functions of various authorities under the Customs Act.
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7. Q7 What are Perquisites ? Explain the tax free perquisites ?
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Write short notes on any two of the following :

1. Q8 (1) Taxability of agricultural income
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2. Q8 (2) Constitutional background of GST.
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3. Q8 (3) Works contract. (GST)
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Solve any two of the following :

1. Q9 (a) A TV channel pays Rs. 25 lakhs on 1st July 2018 as prize money to the winner of a quiz programme "Who will be a Millionaire". Is there any requirement of tax deduction on the prize money ?
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2. Q9 (b) The gross total income before deduction under Sec. 80 C of 'X' a resident individual, aged 64 years is Rs. 3,20,000/- and total income after deduction under Sec. 80C is Rs. 2,85,000/- Is it necessary for him to subunit his return of income voluntarily ?
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3. Q9 (c) 'X' transferred a building to his friend 'Z' on Dec. 15th, 2009. On the condition the building will revert back to 'X' after the death of 'Z'. Monthly rental income from building is Rs. 45,000/-. Rental income is taxable in the hands of 'X' or 'Z' ?
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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.