B.A. LL.B. (Five Years) Sem 8 Taxation Laws Nov 2022 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) What do you understand by 'Multipoint Tax'?
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2. (b) What is a 'Capital Expenditure'?
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3. (c) Explain 'Perquisite'.
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4. (d) What are 'Services' as per the GST?
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5. (e) What kind of exemptions are available under the Maharashtra State Tax on Professions, Trades, Callings and Employments Act, 1975?
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6. (f) What is an 'Advance Tax' as per the provisions of the Income Tax Act?
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7. (g) What do you understand by the term 'Destination based Tax on Consumption' with reference to the GST?
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8. (h) What are the various advantages of Direct Tax?
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9. (i) Describe Assessment Year.
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10. (j) What do you understand by the term 'Tax Evasion'?
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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) Discuss the various Authorities as mentioned in the Income Tax Act.
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3. (3) What is a 'Capital Gain'? Discuss the ways to determine its types and applicability as per the given provisions of the relevant Statute in India.
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4. (4) Discuss the various categories of persons who are liable to pay Professional Tax in Maharashtra as per the provisions of the relevant Statute in the State.
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Q.3 Q.3: Answer any two of the following (12 Marks - 6 marks each)

1. (a) Comment on which of the following occurrences the GST shall be applicable or not applicable, and why: (i) Transportation of Medicines. (ii) Services provided by way of parking at Nagpur Railway Station. (iii) Ambulance services provided by a private organisation on payment of petrol and diesel charges by the patients or their relatives. (iv) Slaughtering of animals in a slaughter house. (v) Transportation of goods worth Rs. 1,300 by a private transporter for its customer on payment of money.
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2. (b) Ms. Albela is an international referee for professional Kabaddi games. She acts as a referee in an international match conducted by the Sports Authority of India for which she gets paid. She 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 Ms. Albela 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) Petitioners in a group of litigants are all legal practitioners, two of them having enrolled as practitioners after retirement from service. Under Section 3 of the Maharashtra State Tax on Professions, Trades, Callings and Employments Act, 1975, the petitioners are liable to pay the profession tax upto Rs. 2,500 per annum. The petitioners challenge the Constitutional validity of the above provision of the Act. Discuss the validity of the petition and the provisions of the Statute in the matter.
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4. (d) Ms. Angelina retired from service in the year 2021-22. She received the arrears of salary pertaining to the Financial Year 2020-21 after retirement. (i) State whether the arrears as received by Ms. Angelina 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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Q.4 Q.4: Answer any two of the following (24 Marks - 12 marks each)

1. (a) Explain Assessment. Also, discuss powers of the Commissioner and Assessing Officers of the Income Tax.
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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 characteristics and computation provisions related to 'Income from House Property' under the Income Tax Act.
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4. (d) Discuss the various provisions related to 'Clubbing of Income', 'Set off' and 'Carry forward' of losses as per the Income Tax Act in India.
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