Download Goa University BA LLB-5 Years 2018 Oct 9th Semester Law of Taxation Question Paper

Download Goa University BA LLB-5 Years Course (Bachelor Of Arts and LLB Five Years) 2018 Oct 9th Semester Law of Taxation Question Paper

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Duration : 3 Hours
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10.
B.A.LL.B. (Semester - IX) Examination, October 2018
LAW OF TAXATION
Instructions: i) Answer any eight questions from O. No. 1 to 1'2. (8x8=64)
ii) Question No. 13 and 14 are compulsory.
Examine the provisions of Income Tax Act, 1961, relating to the determination
of residential status of an assessee.
Define Agricultural Income. Add a note on the taxability of agricultural income
with necessary case laws.
Explain in detail the head of income ?Profits and gains of Business or Profession?.
What are the specific deduction under the Act ?
"No tax shall be levied without the proper authority of law". Explain this statement
in relation to the Constitutional Provisions and Tax Law.
Define Salary. What are the deductions allowed whiie computing income from
Aaia ?7
:51 :f", .
Explain the term ?Dealer" under Goa VAT Act, 2005 and mention the requirements
for voluntary and compulsory registration.
4 What is assessment ? Discuss different types of assessment underthe Income
Tax Act, 1961.
Under what circumstances income of other persons are included in the
assessee?s total income ?
Explain the mode of set-off and carry-forward of losses under the Income Tax
Act, 1961.
What is ?Charitable Purpose? ? Explain the conditions which are necessary for
claiming exemptions by a Charitable Trust.
1 When is the tax on income from house property payable ? Explain circumstances
in which house property income is exempt from tax.
BALBO - 3518
Max. Marks : 75
P.T.O.

BALBO - 3518 HIIIIIHIIIIIIIIIIIIIHIIIIHIIIHIIIlllllllllllllllll
12. What are the various tax authorities under Income Tax Act, 1961 ? Specify the
various powers and functions of Central Board of Direct Taxes, Commissioners
of LT. and Income Tax Officers. 8
13. Answer any two of the following I (2x3=6)
a) Authorities under Goa VAT Act, 2005.
b) Double taxation relief.
c) Gross total income.
14. Answer any two of the following : (2x2.5=5)
a) Illegal income
b) Depreciation allowance.
0) Cannons oftaxation.