LLB 3 Years Sem 4 Taxation Laws June 2019 Question Paper - Mumbai University | munotes

Questions asked in this paper

• Figures to the right indicate full marks allotted

1. Q1 Write Short Answers (Not more than two sentences) 20 marks
   • a) Define the term “Previous under the Income Tax Act
   • b) State how the residential status of a firm is determined under the Income Tax Act What is “Short Term Capital Asset” under the Income Tax Act?
   • d) What is the meaning of under the MVAT Act? What is the meaning of “Declared under the CST Act?
   • f) State any two incomes included under the head
   • g) What is “Self Assessment Tax” under the Income Tax Act?
   • h) What is “Cost of under the Income Tax Act?
   • i) What is the meaning of “Place of Business” under the MVAT Act?
   • j) What is “Collection of tax at source" under the Income Tax Act? Q,2 Write short notes on (any four) :— 20
   • b) Income
   • c) Sale Price and Purchase Price under the MVAT Act
   • d) Business Audit under the MVAT Act
   • e) Return of Income
   • f) Perquisites
2. Q3 with giving reasons (any two) :— 12 marks
   • a) i) Mr. John is treated as resident in India. Whether he will have to pay tax on his
   • ii) Mr. Sohan’has:received an amount of Rs. 20,000 from his relatives as a gift Discuss the taxability of this amount
   • b) State whether the following persons are "Dealer" Act —
   • i) Retailer
   • ii) Wholesaler
   • c) whether the following payments are eligible for deduction u/s 80 C Answer the following elaboratory (any four) :— 48
   • a) Discuss any six incomes that are excluded from total income
   • b) Explain "Sale or purchase in the course of interstate trade or commerce" and "Sale or purchase in the course of export",
   • c) Explain various authorities under the MVAT Act
   • d) Explain the provisions relating to set off under the MVAT Act
   • e) Explain computation. of Long Term Capital Gain,
   • f) Discuss the provisions relating to computation of income under the head "Income from
   • S) Se ere

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