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    Bba 5 Sem Income Tax Law and Account 18063 Dec 2020

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    Bba 5 Sem Income Tax Law and Account 18063 Dec 2020

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    Ram Rana
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    6 views2 pages

    Bba 5 Sem Income Tax Law and Account 18063 Dec 2020

    Uploaded by

    Ram Rana

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    © All Rights Reserved
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    Rpm ways ‘nutps://www.cesustudy.com o (Printed Pages 4) (20221) ROI NO, ..csssseeeseee BBA.-V Sem, 18063 B.B.A. Examination, Dec. 2020 Income Tax Law and Account (BBA-504) Time : Three Hours | [Masimum Marks : 75 Note : Attempt questions from all Sections as per instructions. Section-A. (Very Short Answer Questions) Note : Attempt all the five questions. Each question carries 3 marks. Very short answer is required not exceeding 75 words. 3x5=15 1. Distinguish between "Tax Planning and ‘Tax Avoidance". 2: Define Assessee. 3, Distinguish between Gross Total Income and Total Income. 4. Explain the previous year, 5. Explain "Tax Evasion* P.T.O. Intps:tverw.cesustudy.com Rpm ways ‘nutps://www.cesustudy.com - Section-B (Short Answer Questions) attempt any two questions out of the following three questions. Each Question carries 7% marks. Short answer is required not exceeding 200 words. * Wax2=15 e8—Bhtine agricultural income. Give examples of non-agricultural income. 7,_-Diseuss the provisions of Income Tax ~~~ Act regarding exemption of following incomes: (Rent Free House (il). Entertainment Allowance 8. Define transfer. What are the transactions which are not regarded as transfer for computation of capital gains? Section-¢ (Detailed Answer Questions) Note: Attempt any three questions out of the following five questions. Each ‘question carries 15 marks. Answer is required in detail. 15x3=45 Tax Liability depends upon the residential status of an assessee. Explain in details. 19+ Explain the provisions of the Income-Tex Act in the cases, (i) Deduction ws 80C 1806312 Note : Intps:tverw.cesustudy.com Rpm ways ‘nutps://www.cesustudy.com (i) Deduction u/s 806 (ill) Deduction u/s BOTTA ‘nutps://www.cesustudy.com The employer's contribution Is equal to that of employee's. Compute taxabie income from salary 11, Particulars of income of Mr. Suresh an employee with Reliance Industries Ltd. for the assessment year 2019-20. in Mumbai, for the financial year ending 12. Mr. 'souza sold following assets in the on 31st March, 2018 are as follows:- previous year 2018-19. (Basic salary Rs 25,000 per month

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