B.B.A. LL.B. (Five Years) Sem 7 Law of Taxation 2017 Dec Question Paper - KSLU

Questions asked in this paper

1. Q1 What are the incomes chargeable under income from salary ? And state the deduction from salary.
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2. Q2 Explain the various types of assessments under Income Tax Act, 1961.
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3. Q3 Explain the tax liability of an assessee's with reference to his residential status.
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4. Q4 Briefly explain the provisions relating to set-off and carry forward of losses.
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5. Q5 What is Dual GST Model ? Explain its features.
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6. Q6 Discuss the method to calculate 'Income from House Property' for Income Tax purposes.
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7. Q7 Discuss the provisions under the Customs Act relating to dutiable goods and valuation of goods.
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Write notes on any two of the following :

1. Q8 (a) Short term and long term capital gains.
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2. Q8 (b) Refund of Income Tax.
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3. Q8 (c) Depreciation allowance.
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Solve any two of the following problems :

1. Q9 (a) "A" a resident of India earned agricultural income from England. Is he liable to pay tax on this income under the IT Act 1961 ?
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2. Q9 (b) Draw a format showing computation of taxable income under the head "Income from House Property".
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3. Q9 (c) An assessee was an authorized dealer of Sony Electronic products which were sold to different customers in Karnataka under the direct billing from Sony Ltd. in Delhi. Is there a sale in the course of inter state trade or commerce ? Give reason.
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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.