(S6 8/3 & 5/5 (601)) LLB, DEGREE EXAMINATION, ‘MARCH/APRIL 2018, Sixth Semestar Law Paper VI— LAW OF TAXATION — (OPTIONAL) ‘Time: Three hours ‘Maximum : 70 marks SECTION A— (6x 2=12 marks) © Answor any SIX questions, 1. Capital receipt. 2 Current year 5. Self assessment 4. Declared goods 8. Valuation date 6. Vacancy allowance. ‘Agricultural income,a. 12 13. u 18. Perquisite Tax deduction at source, Dividend SECTION B — 2% 14 = 28 marke) Anowor any TWO questions. ‘No tex Comment. lbs lovied exeapt by authority oflaw'— Discuss the scope of ‘Deemed Atsets" under the Wealth Tax Act Explain the provisions relating to appesls and revisions under Income Tax Act Bxplain the powers and functions of Sales Tax ‘Authorities SECTION —@x 1 ‘Answer any TWO of the flowing. 0 marks) 'A' started a partnership busi son and admitted to the Sf the minor was included by the income tx oie Inthe total income of ‘A’ Decide whether action of income tax officer is justified 2 69/8 & 5/5 (60) 16. 18. ‘X recaives Ra. 20,0001. as an allowance called Malikana’ paid by the Government under statutory obligation to a proprietor dispossessed of his lands the sum Mable to income tax? ‘Ram! sold his house property occupied by him for Re. 2500,0001- in September 2011. The property wae purchased by him in January 1999 for Re. 7/00,000/, What is the capital gain he has to Show for tax purposes? Ise gets any exemption, be purchases another house. Whether the following assots are included in the net wealth of an aesessee (@) The assessee has transferred a residential fat worth Rs. 20,00,0001- to his wife as a part of an agroomont to live separately (©) His sister in law "X's holding assots works Rs. 1000,000/- being transferred by the 3 ($688 & 5/5 (601))(S6 3/8 & 5/5 (601)) LLB. DEGREE EXAMINATION, ‘MARCH/APRIL 2017, Sixth Semester Law Paper VI (Optional) — LAW OF TAXATION ‘Time Tree hours ‘Maximum : 70 marks SECTION A— (6x 2= 12 marks) Answer any SIX questions 1. Assessment Yar 2 Indizec Tox 3. * Wealth Tax 4. Agricultural Income, 5. Dealer 6. Revenue Expenditure. 1. Income from House Pepperty.— 8 Non-Resident, 8. van. 10, Customs Duty SECTION B— (2x 1 Answer any TWO que 8 marks) ions ofthe fllowing Th Resize the nature and spe of Tax Lawa and seungtich betmeen capital receipe and resent ‘Fec0ipt with relevant illustrations 1B Nita meant by ‘Net Wealth’ sd explain the Provisions and scope of Wealth Tas ws 12 plan the salon features of Central Sales Tax et MES i Ptoriions of tc Tax At elting to ‘Double Taxation Reker” SECTION C— ¢@ x 15= 30 marks) Answer any TWO ofthe following. 15. Mra. *A’ a Jepaneeo National dois ci ta 3601 2015)" 20122044 Be Ved in Tad for 26) doyg eae eras Ott Bt 9 dase poor to 201s ae for Ton Laney tit Decide her residence + forTax Liabitiys O° 2. $6.38 & 515 (601) 16. Tho Publisher ofa daily newepaper sells 200 ‘one lunsold copies of the newspaper as weste papes Ty itliable for Sales Tax Decide 17. Explain the taxability ofthe following income @) Fixed “medical allowances paid to the ‘omployee in addition to the salary, (©) Subsite fod provided othe emplyee by 4 ‘the employer during lunch hours. 4 ee 3 86.3/8.& 515 (601»)(S6 9/3 & 5/5 (601)) LLB, DEGREE EXAMINATION, APRIL 2016. Sixth Somoster Law Paper VI—LAW OF TAXATION (OPTIONAL) ‘Time Three houre Maximum : 70 marks SECTION A— (6x 2= 12 marks) ‘Answer any SIX questions. 1 Fee, Previous Year. Residential status ‘Tax deduction at source. Tocome from salary Turnover. Declared goods Casual dealer. epserrees Assot under wealth tax 10. Sales in eauso of exportun 2. 13, 15, 16. SECTION B— (2 14= 28 marks) Answer any TWO questions Explain the statutory “provisions relating to computation of income under the head house property. < Discuss the scope of "Deemed Assets" under the Wealth Tax Act. Explain the powers and functions of Sales Tex ‘Authorities, Explain the provisions relating to appeals and revisions under Income Tax Act, SECTION C— (2 15=30 marks) Answer any TWO of the following. A. stato has passed an act imposing 18% tax on ‘annual income exceeding 1.8" lakhs of Hindu Roligious Temples for renovation and providing famenitice to pilgrim. Disewan ite validity if 3 challenged? %X an exporter, procures goods from various manufacturers and exports thom to different countries depending on export prospects. Discuss tho nature of trantactions betwoen tho exporter ‘and manufacturera and liability to tax ifany? 2 ($6913 & 515 (601)) 18 ‘A, who io @ non-resident in India has earned income through the following eources and comes to you for your advise on the taxablity of the (@ Through investment in India (©) Through agricultural income from China, ‘N' an assossee transfers some of is assets to ‘BY during the pendency of the proceedings under ‘the Income Tax Act with a view to defraud the ‘oven, Is thi transfer valid? Discuss, 2 ($6378 & 616 (60)(S6 3/8 & 5/5(601)) LLB, DEGREE EXAMINATION, ‘APRILIMAY 2015, Sith Sementer Law spec VI—LAW OF TAXATION ~ (OPTIONAL) ‘Time : Three hours ‘Maximum : 70 marks SECTION A—(@x2= 12 marks) ‘Answer any SIX qoartion, Lee Ansessee Income trom house property “ex dedstion at sure” Not wealth Casual deter Residential tatu - ‘Annual vale, Copital expenditure 10. Charitable purpose,12, 13. 1 16. 16. SECTIONB—@»14 marks) Answer any TWO questions ofthe fllowing, ‘No tax shall be levied except by nuthortyof law ~ Comment. What is Total Income’ under J-7, Act and how it computed” Discuss the procedure to assess ‘Wealth Tax’ Are there any concession regarding Wealth Tax” Explain the powers and functions of authorities, SECTION'C— (2 «16 = 90 marks) Angwer any TWO of the folowing, [Bxplain the taxability ofthe following incomes, (@) Residencial aciomrpodation © Fixed medical allowance (© Transport facility from Residontial area to work place ‘The income tax dapartment served a notice requiring the assesses to appear before the fstossing officer sm person. On default by the sessee the department conducted ‘best Judgment assessment” The sssecsee ‘wants to challenge the order ~ Advice him? 2 (6.3/3 & 5/5(601)) 1, a minor giel earn ineome-by participating in dance baby dance programme in'e TV. channel ‘whether the amount is taxable Me, Raj e auocseaful lawyer, Hin wife works in his law firm and draw a salary of Rs. 25.000". ‘While computing the total income for Me. Rays the assessing ofiear clubbed the salary of his wife Discuss 8 ($6 3/8. & 5/5(601))(S6 8/8 & 5/6 (601)) LL.B. DEGREE EXAMINATION, APRILIMAY 2014. Sixth Somester Taw Paper V1— (Optional) — LAW OF TAXATION ‘Time : Three hours Maximum : 100 marks SECTION A — (6 <4=24 marks) Answer any SIX questions 1. Income. var. Salary. Valuation date Self assessment ‘Tax Deduction dt Souree, Bxomptod asset from wealth tax Agricultural income. Non-resident 10. Returns12, 13. 14. 15. 16. SECTION B—@x 18=36 marke) Answor any TWO of the following, fo tax shal be lovied except by authority of law’ = Comme: Define wealth tax and explain how net wealth is determined under the wealth tax ak [Explain the Powers and fonctions of commissioner ofsales tax. DeGine the torm "Business" with suitable ‘illustrations under A.P. General Seles Tax Aet and ‘mentioned some exceptions if any, SECTION C—@x 20= 40 marks) Answer any TWO ofthe following. %X an exporter, prowses goods from various ‘manufacturers and exports them to. different ‘countries depending on export prospects, discuss the nature of transactions between the exporter ‘and manufacturers and liability to tax ifany Ramesh, who is @ non-resident in India has earned ‘income through the following sources and to you for your advice on thé twxablity of the same (©) Through agricultural income in China (©) Through investment in India, (© Through Smuggling and Betting activities in India, 2 ($6 3/9 & 5/5 (601)) 1. - “hia the owner of «Buin an he wa on satan a teaae tt lle hence seen ie let wetetecs aoe a X sold his house occupied by him for Re, 25,00,000 in September 2012, The property was purchased. by ‘him in January 1980 for Rs. 800,000. What ig the capital gain he has to show for tax purpose? Ise gets any exemption, if hho purchases anather howso, 3) ($6.98 & 515 (601))