B.A. LL.B. (Five Years) Sem 7 Law of Taxation 2023 Sep (100 marks) Question Paper - KSLU

Questions asked in this paper

1. Q1 Explain the concept of Income and mention incomes that are exempted from tax liability.
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2. Q2 State the incomes which are assessable under the head salaries and explain the deductions available while computing income from salary.
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3. Q3 Explain the Income Tax authorities under Income Tax Act.
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4. Q4 Explain the provisions governing registration under GST.
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5. Q5 Explain the provisions relating to duty drawback on imports as against exports.
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6. Q6 What is 'Annual value' ? State the deductions that are allowed from the annual value in computing income from house property.
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7. Q7 What is Dual GST Model ? Explain the salient features of GST.
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Write short notes on any two of the following :

1. Q8 (a) Short term and long term capital gains.
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2. Q8 (b) Constitutional provisions relating to GST.
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3. Q8 (c) Import or Export by post.
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Solve any two of the following problems :

1. Q9 (a) Write a format for determining the taxable income from business and profession.
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2. Q9 (b) Ms. Laasya, a non-resident, residing in Australia since 1995. Came back to India on 19-02-2019 for permanent settlement in India. Explain residential status of Ms. Laasya for the assessment year 2021-2022.
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3. Q9 (c) Mr. Vihan is getting income annually of Rs. 2 lakhs from dairy farming, butter and ghee making and also poultry farming, which are established near by his agricultural land. Whether this income is agricultural income. Is this sum income taxable ? Explain.
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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.