Download Goa University BA LLB-5 Years 2014 April 10th Semester Law Of Taxation Question Paper

Download Goa University BA LLB-5 Years Course (Bachelor Of Arts and LLB Five Years) 2014 April 10th Semester Law Of Taxation Question Paper

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LLB. (Hons.) (Semester ? X) Examination, April 2014
LAW OF TAXATION
Duration : 3 Hours Total Marks : 75
Instructions: i) Answer any four questions from 0. No.3 1 to 6.
ii) Answer any four questions from 0. No.3 8 to 13.
iii) 0. No.5 7 and 14 are compulsory.
SECTION ? I
1. What is Agricultural |ncome ? Explain with the help of suitable case Laws. 8
2. Outline the mode of determining the residential status of an individual, HUF and
a company. 8
3. Enumerate any eight categories of income which are exempted from tax, giving
reasons in each case for each exemption. 8
4. Give the account of the hierarchy of VAT Authorities under Goa VAT Act, 2005.
What are the divisions of wards for implementing the provisions of the Act ? 8
5. ?Ownership aione is the criterion for determination of chargeability of income
from house property?. Explain. 8
6. Define the concept ?Previous year?. Mention the principles under which the
income of a previous year is chargeable to tax in the same year. 8
7. Answer any two of the following : (2x3=6)
a) |ncome under Income Tax Act, 1961
b) Person
0) Dealer under Goa VAT Act, 2005.
SECTION ? II
8. What is charitable purpose ? What are the conditions to be met for claiming
exemptions by a charitable trust ? 8
9. Explain the provisions regarding set off and carry forward of losses under the
Income Tax Act, 1961. 8
P.T.O.

LHA ? 2814
10.
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13.
14.
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Define a Capital Asset. Show how short term and long term gains are computed
for the purpose of taxation.
8
Examine the provisions of Goa VAT Act, 2005 in relation to revision and review. 8
Explain the terms self assessment and regular assessment of Income Tax Act,
1961.
8
Critically analyse the circumstances when the transferor is liable to pay tax for
the income of transferee with suitable illustrations.
Answer any two of the following :
a) PAN Card
b) Winning from lotteries
0) Capital receipts and revenue receipts.
8
(2x2.5=5)