Download PTU BBA 2020 Dec 4th Sem 71207 Income Tax Act Question Paper

Download PTU ( I.K.Gujral Punjab Technical University (IKGPTU)) The Bachelor of Business Administration (BBA) 2020 December 4th Sem 71207 Income Tax Act Previous Question Paper

Roll No.
Total No. of Pages : 02
Total No. of Questions : 18
BBA (2014 to 2017) (Sem.?4)
INCOME TAX ACT
Subject Code : BBA-405
M.Code : 71207
Time : 3 Hrs. Max. Marks : 60
INST RUCT ION TO CANDIDAT ES :
1 .
SECT ION-A is COMPULSORY cons is ting of TEN questions carrying TWO marks
each.
2 .
SECT ION-B cons ists of F OUR Sub-sec tions : Un its-I, II, III & IV.
3 .
Eac h Sub-section contains TWO questions carrying T EN marks each.
4 .
Students have to atte mpt an y ONE ques tion from each Sub-section.
SECTION-A
Answer briefly :
1.
What is Net Income?
2.
What is Previous Year?
3.
What is Basis of charger?
4.
What is Exempted Income?
5.
What is GST?
6.
What is filing of return?
7.
Who is an Individual?
8.
What are Deductions?
9.
What is Profession?
10. What is Capital Loss?
1 | M- 71207
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SECTION-B
UNIT-I
11. Is Agricultural Income taxable? Discuss and explain how it is assessed?
12. Discuss major exempted incomes under the Income Tax Act.
UNIT-II
13. What is Salary? How it is calculated? Explain with examples.
14. What is House Property? How the tax on house property is calculated? Discuss.
UNIT-III
15. What is income from other sources? Discuss the steps in its calculation with examples.
16. What is set off and carry forward of losses? Discuss.
UNIT-IV
17. Discuss the major deductions while computing the total income.
18. Discuss in detail the procedure of assessment in case of individuals.
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- 71207
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