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

LL.B. (Hons.) (Semester – X) Examination, April 2014

LAW OF TAXATION

Duration: 3 Hours Total Marks: 75

Instructions:

1. Answer any four questions from Q. No.s 1 to 6.

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2. Answer any four questions from Q. No.s 8 to 13.
3. Q. No.s 7 and 14 are compulsory.

SECTION-I

1. What is Agricultural Income? Explain with the help of suitable case Laws.
2. Outline the mode of determining the residential status of an individual, HUF and a company.
3. Enumerate any eight categories of income which are exempted from tax, giving reasons in each case for each exemption.

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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?
5. "Ownership alone is the criterion for determination of chargeability of income from house property". Explain.
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.

7. Answer any two of the following:

1. Income under Income Tax Act, 1961

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2. Person
3. 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?
9. Explain the provisions regarding set off and carry forward of losses under the Income Tax Act, 1961.
10. Define a Capital Asset. Show how short term and long term gains are computed for the purpose of taxation.

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11. Examine the provisions of Goa VAT Act, 2005 in relation to revision and review.
12. Explain the terms self assessment and regular assessment of Income Tax Act, 1961.
13. Critically analyse the circumstances when the transferor is liable to pay tax for the income of transferee with suitable illustrations.

14. Answer any two of the following:

1. PAN Card

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2. Winning from lotteries
3. Capital receipts and revenue receipts.