LL.B. (Five Years) Sem 10 Law of Taxation Oct 2025 75/25 Question Paper - Mumbai University | munotes

Questions asked in this paper

Q.1 Answer any six of the following, any 6 of 10 12 Marks

1. (1) Define assessment year, previous year and financial year.
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2. (2) What is the significance of the place of effective management?
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3. (3) Explain the concept of TDS.
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4. (4) Difference between Tax avoidance and tax evasion.
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5. (5) No tax can be levied except by the authority of law. Explain
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6. (6) What are the different types of persons recognized under the Income Tax Act, 1961?
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7. (7) What is the difference between short-term capital gain and long-term capital gain?
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8. (8) Residuary head of income under income tax.
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9. (9) What is Integrated goods and service tax?
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10. (10) What is meant by Clubbing of Income?
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Q.2 Answer any two of the following, any 2 of 4 12 Marks

1. (1) Explain the difference between direct taxes and indirect taxes.
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2. (2) Write a note on Integrated Goods and Services Tax?
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3. (3) Discuss provisions relating to carry forward and set- off of losses.
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4. (4) Write a note on CBDT.
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Q.3 Answer any two of the following, any 2 of 4 12 Marks

1. (1) Robin a foreign citizen came to India on 15th march 2024 to work with Mumbai University. His appointment was confirmed by the university. During the year 2024-25 he was paid Rs 25 Lakhs as the remuneration. Explain whether the amount is taxable in India.
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2. (2) XYZ ltd. incurred an expenditure of Rs. 50 lakhs on glow-sign boards displayed at dealer outlets. Examine with the help of a decided case law, whether the above expenditure is revenue or capital in nature.
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3. (3) David, a foreign national came to India on 1st May 2024. He has resided in India for the continuous period of 7 months i.e. till 30th September 2024 determine his residential status for the year 2024-25.
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4. (4) Discuss the following:
   • (a) Tax treatment of lottery income
   • (b) Interest
   • (c) Taxability of income from letting out of capital assets
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Q.4 Answer any three of the following, any 3 of 5 39 Marks

1. (1) Taxes are levied in conformity with the Fundamental Rights under the Indian Constitution. Discuss
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2. (2) Explain the term tax and state different types of taxes.
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3. (3) Discuss in detail the provisions related to Income from Salaries under the Income Tax Act, 1961.
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4. (4) Elaborate the concept of residential status and its provisions under Income Tax Act, 1961.
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5. (5) What is dual GST model in India? Explain with features.
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