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Roll No.
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Total No. of Questions : 18
Total No. of Pages : 02
(Sem.-4)
BBA (2014 to 2017)
INCOME TAX ACT
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Subject Code : BBA-405
M.Code: 71207
Time: 3 Hrs.
Max. Marks : 60
INSTRUCTION TO CANDIDATES :
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- SECTION-A is COMPULSORY consisting of TEN questions carrying TWO marks each.
- SECTION-B consists of FOUR Sub-sections: Units-I, II, III & IV.
- Each Sub-section contains TWO questions carrying TEN marks each.
- Students have to attempt any ONE question from each Sub-section.
SECTION-A
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Answer briefly :
- What is Net Income?
- What is Previous Year?
- What is Basis of charge?
- What is Exempted Income?
- What is GST?
- What is filing of return?
- Who is an Individual?
- What are Deductions?
- What is Profession?
- What is Capital Loss?
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SECTION-B
UNIT-I
- Is Agricultural Income taxable? Discuss and explain how it is assessed?
- Discuss major exempted incomes under the Income Tax Act.
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UNIT-II
- What is Salary? How is it calculated? Explain with examples.
- What is House Property? How the tax on house property is calculated? Discuss.
UNIT-III
- What is income from other sources? Discuss the steps in its calculation with examples.
- What is set off and carry forward of losses? Discuss.
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UNIT-IV
- Discuss the major deductions while computing the total income.
- 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.
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This download link is referred from the post: PTU BBA 4th Semester Last 10 Years 2011-2021 Previous Question Papers || Punjab Technical University
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