B.A. LL.B. (Five Years) Sem 7 Law of Taxation 2022 Oct (100 marks) Question Paper - KSLU

Questions asked in this paper

1. Q1 State the incomes which are exempted under Section 10 of Income Tax Act.
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2. Q2 What are the incomes chargeable under business and profession ?
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3. Q3 Explain the various offences under the Income Tax Act.
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4. Q4 What is capital gain ? Explain the different types of capital gains.
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5. Q5 Explain the provisions relating to compensations to States under G.S.T.
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6. Q6 Explain the provisions relating to duty draw back on imports as against exports.
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7. Q7 Explain the various powers and functions of Custom Officers.
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Write short note on any two of the following :

1. Q8 (a) G.S.T. Council.
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2. Q8 (b) Refund of tax.
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3. Q8 (c) Baggage.
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Answer any two of the following :

1. Q9 (a) Mr. Ravish Kumar grows Jasmine flowers in his garden as a hobby. A flower merchant purchases all such flowers grown is the garden for one year and pays Rs. 70,000/-. Is this sum income taxable ? Decide.
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2. Q9 (b) Draw a format determining the taxable income from other sources.
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3. Q9 (c) State the Rules determining the residential status of an individual assessee.
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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.