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  • B.A.L. Degree Examination, May 2015: 350: Law of Taxation

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    This document contains 9 questions related to the Law of Taxation exam for a B.A.L. degree. The questions cover a range of taxation topics including: 1) defining tax and distinguishing between direct and indirect taxes, 2) provisions for set off and carry forward of losses under the Income Tax Act of 1961, 3) circumstances where income of other persons are included in an assessee's total income, 4) defining sale under the Tamil Nadu General Sales Tax Act of 1959, and 5) revisional and appellate powers of the High Court under the same act. Candidates must choose 6 questions to answer within the 3 hour exam period for a maximum of 100 marks.

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    This document contains 9 questions related to the Law of Taxation exam for a B.A.L. degree. The questions cover a range of taxation topics including: 1) defining tax and distinguishing between direct and indirect taxes, 2) provisions for set off and carry forward of losses under the Income Tax Act of 1961, 3) circumstances where income of other persons are included in an assessee's total income, 4) defining sale under the Tamil Nadu General Sales Tax Act of 1959, and 5) revisional and appellate powers of the High Court under the same act. Candidates must choose 6 questions to answer within the 3 hour exam period for a maximum of 100 marks.

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    6 views1 page

    B.A.L. Degree Examination, May 2015: 350: Law of Taxation

    Uploaded by

    siva prasad
    This document contains 9 questions related to the Law of Taxation exam for a B.A.L. degree. The questions cover a range of taxation topics including: 1) defining tax and distinguishing between direct and indirect taxes, 2) provisions for set off and carry forward of losses under the Income Tax Act of 1961, 3) circumstances where income of other persons are included in an assessee's total income, 4) defining sale under the Tamil Nadu General Sales Tax Act of 1959, and 5) revisional and appellate powers of the High Court under the same act. Candidates must choose 6 questions to answer within the 3 hour exam period for a maximum of 100 marks.

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    © All Rights Reserved
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    5940
    Register Number:
    Name of the Candidate:
    B.A.L. DEGREE EXAMINATION, May 2015
    (THIRD YEAR)

    350: LAW OF TAXATION

    Time: Three hours Maximum: 100 marks

    Answer any SIX questions

    1. Define Tax. Explain the nature and characteristics of Tax. Distinguish


    between direct and indirect taxes.

    2. What are the provisions of Income Tax Act, 1961 relating to the set off and
    carry forward of losses.
    3. State the circumstance in which income of other persons are included in the
    total income of an assessee.

    4. Define the term sale under the Tamil Nadu General Sales Tax Act, 1959.
    5. Describe the revisional and appellate powers of High court under the Tamil Nadu
    general Sales Tax Act, 1959.

    6. Explain the provisions relating to income which do not form part of the total
    income.

    7. What are the exemption of income from property held for religious and
    charitable purposes?

    8. In computing income under the head salaries what are the exemption
    allowed?

    9. W rite short notes on any TW O of the following:


    a) Long term capital gains.
    b) Valuation date.
    c) Speculative business.
    d) Turnover under the Tamil Nadu General sales Tax Act, 1959.
    $$$$$$$

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