Law of Taxation (K 2006) - LLB 2nd Semester Examination - 2016

LLB 2nd Semester Examination - 2016

Law of Taxation

(K-2006)

Section A

Note: Attempt all questions. Each question carries 4 marks

1 What is ‘belated return’?

2. Classify assesses according to status and residence.

3. Define ‘perquisites’.

4. Define‘Agricultural Income’.

5. Define ‘AssessmentYear’.

Section B

Note: Attempt any two questions. Each question carries 10 marks

6. What are the tests to determine the residential status of an individual?

7. What is depreciation? Discuss in detail.

8. What is ‘Agricultural Income’? What are its kinds? Explain.

Define Section C

Note: Attempt any three questions. Each question carries 20 marks

9. What do you understand by `Legal-representative’? Can a legal representative be liable to pay tax payable by the deceased? if so; to what extent?

10. Explain the meaning of ‘annual value’ of the house property. How is the annual value determined? State the conditions in which it is taken as nil and null.

11. “Income Tax is a tax only on revenue receipts, not — on-capital receipts.” Discuss.

12. What is meant by Emergency Assessment? Under what circumstances can such assessment be made?

13. Define `salary’. What income is chargeable to income tax under the head ‘salaries’?