B.A. LL.B. (Five Years) Sem 8 Taxation Laws May 2026 60/40 Question Paper - Mumbai University | munotes

Questions asked in this paper

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Q.1 Q.1: Answer any six of the following (12 Marks - 2 marks each)

1. (a) Define 'Capital Expenditure'.
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2. (b) Define Long Term Capital Asset as per the Income Tax Act.
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3. (c) What is Indirect Taxation?
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4. (d) Explain 'Perquisite'.
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5. (e) Give any two heads under Income from Other Sources.
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6. (f) Define Assessment Year and Previous year as per the Income Tax Act.
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7. (g) When and why was GST introduced in India?
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8. (h) What kind of exemptions are available under the Maharashtra State Tax on Professions, Trades, Callings and Employments Act, 1975?
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9. (i) What do you understand by the term 'Destination based Tax on Consumption' with reference to the GST?
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10. (j) Define the terms 'Tax Evasion' and 'Tax avoidance'.
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Q.2 Q.2: Answer any two of the following (12 Marks - 6 marks each)

1. (1) Explain the role and powers of the GST Council.
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2. (2) What is Dual GST Model? Explain its Features.
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3. (3) Explain Professional Tax and its applicability.
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4. (4) Define Person as per the Income Tax Act.
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Q.3 Q.3: Solve the following Situations, any two (12 Marks - 6 marks each)

1. (a) Ms. Priti retired from service in the year 2023-24. She received the arrears of salary pertaining to the Financial Year 2022-23 after her retirement. (i) State whether the arrears as received by Ms. Priti are taxable. If so, when. Give reasons for your answer. (ii) Is there any relief under the Income Tax Act for the receipt of arrears of salary?
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2. (b) Mr. Pratham is an international referee for professional Football games. He acts as a referee in an international match conducted by the Sports Authority of India for which he gets paid. He is also appointed as a referee for a charity match conducted by a Corporate Organisation but is paid the fees as a referee for the said charity match. Determine, providing elaborate reasons, whether Mr. Pratham is required to pay any GST for any or both the matches. Also mention the relevant provisions of the GST Act.
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3. (c) Ms. Neepa incurred a loss in Speculative Business. Advise whether she can adjust this loss against the profit of her normal business? Critically analyse the facts of the matter.
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4. (d) Ms. Anjali supplied goods worth Rs. 50,000 to Mr. Deven. Discuss with reasons whether this will be considered as a Taxable event under the GST Act.
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Q.4 Q.4: Answer any two of the following (24 Marks - 12 marks each)

1. (a) Write a detailed analysis of the various deductions and exemptions available under the various provisions of the Income Tax Act.
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2. (b) Explain the various types of GST in India. Discuss the distinguishing characteristics of each type of GST.
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3. (c) Elaborately discuss the various provisions related to determining the Residential Status of different classes of Assessees as per the provisions of the Income Tax Act.
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4. (d) Discuss and analyse the various provisions of the Maharashtra State Professional, Trade, Callings and Employment Act, 1975.
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