Download PTU B.Com 2020 Dec 4th Sem 77411 Income Tax Law And Practice Question Paper

Roll No.
Total No. of Pages : 02
Total No. of Questions : 18
B.Com (Hons) (2018 Batch) (Sem.?4)

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INCOME TAX LAW & PRACTICE
Subject Code : BCOM-403-18
M.Code : 77411
Time : 3 Hrs. Max. Marks : 60
INSTRUCTIONS TO CANDIDATES :

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1. SECTION-A is COMPULSORY consisting of TEN questions carrying TWO marks
each.
2. SECTIONS-B consists of FOUR Sub-sections : Units-I, II, III & IV.
3. Each Sub-section contains TWO questions each, carrying TEN marks each.
4. Students have to attempt any ONE question from each Sub-section.

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SECTION-A
Write short notes on the following :
1.
Assesment Year
2.

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Distinguish between Capital and Revenue Expenditure
3.
Commuted Pension
4.
Profit in lieu of Salary

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5.
Deemed Income
6.
Dayabhaga School
7.

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What do you mean by LLP?
8.
Belated Return
9.
Tax Collection at Source

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10. Procedure of Constitution of Appellate Tribunal
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(S12)-846

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SECTION-B

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UNIT-I
11. What is Previous Year? Under What circumstances income of a person can be assessed in
same year in which it is earned?
12. Give Ten examples of incomes which are totally exempt from income tax.
UNIT-II

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13. What deductions are allowed from annual value in computing taxable income from house
property?
14. Enumerate the items of deductions allowable in computing income from other sources.
UNIT-III
15. Discuss Briefly the provisions of Income Tax Act regarding deductions to be made in

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computing the total income of an assessee in respect of certain payments.
16. Define an AOP. What are the steps regarding computation of total income of AOP?
UNIT-IV
17. Explain in brief the provision of Income Tax Law relating to "Advance Payment of Tax".
18. Describe the procedure of an appeal to the Deputy Commissioner (Appeal). Give various

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orders against which the appeal can be preferred.
NOTE : Disclosure of Identity by writing Mobile No. or Making of passing request on any
page of Answer Sheet will lead to UMC against the Student.
2 | M-77411
(S12)-846

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