LL.B. (Three Years) Sem 4 Taxation Laws Apr 2015 Law Of Taxation Question Paper - Mumbai University | munotes

Questions asked in this paper

• (2) Figures to the right indicate full marks allotted

1. Q1 Write Short Answers (Not more than two sentences) 25 marks
   • (a) Whatis "Appropriate State" under the CST Act ?
   • (b) Whatis "Minimum Alternate Tax" under the Income Tax Act ?
   • (c) Whatis "Permanent Account Number" under the Income Tax Act ?
   • (d) Whatis "Cost of Improvement" under the Income Tax Act?
   • (e) Whatis "Place of Business" under the MVAT Act ?
   • (f) the meaning of "Taxfree Goods" and "Taxable Goods" under the MVAT
   • (g) Whois liable to pay wealth tax and at what rate ?
   • (h) "Collection of Tax at Source" under the Income Tax Act?
   • (i) Whatis "Manufacture" under the MVAT Act?
   • G) "Set off of loss" under the Income Tax Act?
2. Q2 Write short notes on (any four) 20 marks
   • (a) Clubbing of Income
   • (b) Set off under the MVAT Act
   • (c) Depreciation
   • (d) Tax Invoice under the MVAT Act
   • (e) Income from Other Sources
   • (f) Dealer under the MVAT Act
3. Q3 Answer with giving reasons (any two) 12 marks
   • (a) (i) Mr. Thomas is owner of Four Trucks which are used for goods transport business Mr. Thomas has sot maintained books of accounts for his business. Can he declare his income presumptive basis ? if yes, what is the amount of income to be
   • (ii) Mr. Manohar has sold some old personal jewellery. Whether the profit on sale will taxable ? if yes, under which head of income ?
   • (b) State whether the following persons are dealers under the MVAT Act
   • (c) Mr. Smith of Australia has ordered certain goods from Mr. Rahul of Mumbai Mr. Rahul has purchased the goods from Mr. Sunil of Mumbai for the purpose of supplying them to Mr. Smith
   • (i) State whether the sale of goods by Mr.Sunil to Mr. Rahul will be treated as sale in the course of export under the CST Act
   • (ii) When a sale is said to be sale in the course of export ?
4. Q4 Answer the following questions elaborately (any four) 48 marks
   • (a) Discuss the provisions relating to computation of income under the head
   • (b) Explain various Assets under the Wealth Tax Act
   • (c) State the provisions relating to registration under the MVAT Acct
   • (d) State when a sale or purchase is considered to be "Sale or purchase outside and "Sale or purchase in the course of interstate trade or commerce"
   • (e) Explain various authorities under the MVAT Act
   • (f) Discuss any three deduction under Chapter VI-A of the Income Tax Act
   • Q.P. Code : 13086
5. Q3 sat 12 marks
   • (3) are
   • (2) ward Seer

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