LLB 2nd Semester Examination, May 2018
Law of Taxation
(K-2006)
Section A
Note: Attempt all questions. Each question carries 4 marks
1. Direct Tax
2. Fee
3. Gratuity
4. Person
5. Previous year
Section B
Note: Attempt any two question. Each question carries 10 marks
6. What are perquisites? What perquisites are included in the salary income of an employee?
7. What do you mean by capital gain? How are capital gains calculated?
8. What do you understand by Provident Fund? Explain different types of Provident Funds.
Section C
Note: Attempt any three questions. Each question carries 20 marks
9. What is agricultural income? What are its kinds? What are the limits of such income from income tax?
10. How is income from business computed and what deductions are allowed under Income Tax Act 1961?
11. What is 'Annual Value'? How is it determined under different circumstances?
12. Explain in brief the relevant provisions of Income Tax Act 1961 governing the assumptions of capital gains from tax.
13. Define salary. State with examples incomes which are included in Salary.
OR
State briefly the history of income tax law in India.
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