Download Goa University BA LLB-5 Years 2015 April 10th Semester Taxation Law Question Paper

Download Goa University BA LLB-5 Years Course (Bachelor Of Arts and LLB Five Years) 2015 April 10th Semester Taxation Law Question Paper

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LLB. (Hons.) (Semester ? X) Examination, April 2015
TAXATION LAW ? ' ?
Duration : 3 Hours Total Marks : 75 .
lnstructidns : i) Answer any four questionsfrom 0. No.3 1 to?b?.
ii) Answer any four questions from 0. No.5 8 to 13.
iii) 0. No.5 7 and 14 are compulsory.
SECTION ?I
1. Analyse the tests laid down to determine the residential status of HUF, partnership
and a company. 8
2. Enumerate any eight categories of income which are exempted from tax giving
reasons for such exemptions. 8
3. ?Ownership of house property is an important criterion for income to be assessed?.
Explain?circumstances in which house property income is exempt from tax. 8
4. Discuss the provisions of GOA Vat Act, 2005 pertaining to appeals, review
and revision. 8 .
5. Explain the concept of ?Previous year? and ?Assessment year?. Mention the
principles under which the income of a previous year is chargeable to tax in the
same year. 8
6. Under what circumstances income of other persons are included in the assessee?s
total income. 8
7. Answer any two of the following : (2x3=6)
a) Cannons of tax law
b) Gross total income
0) Person.
P.T.O.

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14.
SECTION - ll
Explain the mode of set-off and carry forward 01 losses under Income Tax Act,
1961.
Discuss the various tax authorities created under the Income Tax Act, 1961 and
outline the functions of Central Board of Direct taxes and Commissioners of
Income Tax.
Discuss the statement ?Income from other sources?. Specify the exemptions
available while computing income underthe head ?Income from other sources?.
What is assessment ? Explain any five categories of assessment under Income
Tax Act, 1961 .
Critically analyse the special provisions regarding the liability to pay tax under
Sec. 19 of GOA Vat Act, 2005.
Define a Capital asset. Show how short term and long term gains are computed
for the purpose of taxation under Income Tax Act, 1961 .
Answer any two of the following : (2x2.5=5)
a) Dedubtion of tax at source.
b) Constitutional provisions and tax law.
c) PAN card.