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    Harry Sai
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    The document contains short answer questions asking to define certain tax terms like person, non-resident, and casual income. It also contains essay questions asking about provisions for determining company residential status, exempted company incomes, setting off and carrying forward losses, and deductions made when computing total income. It concludes with a computational question to calculate gross total income after setting off and carrying forward losses for assessment year 2022-2023, given losses from house property and incomes from business and capital gains.

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    The document contains short answer questions asking to define certain tax terms like person, non-resident, and casual income. It also contains essay questions asking about provisions for determining company residential status, exempted company incomes, setting off and carrying forward losses, and deductions made when computing total income. It concludes with a computational question to calculate gross total income after setting off and carrying forward losses for assessment year 2022-2023, given losses from house property and incomes from business and capital gains.

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    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
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    15 views1 page

    Essay Questions

    Uploaded by

    Harry Sai
    The document contains short answer questions asking to define certain tax terms like person, non-resident, and casual income. It also contains essay questions asking about provisions for determining company residential status, exempted company incomes, setting off and carrying forward losses, and deductions made when computing total income. It concludes with a computational question to calculate gross total income after setting off and carrying forward losses for assessment year 2022-2023, given losses from house property and incomes from business and capital gains.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
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    Short Answer Questions

    1. Define Person
    2. Non-Resident
    3. Casual Income
    4. Annual Value
    5 Set off of Loses
    Essay Questions
    6. State the provisions prescribed for the determination of Residential Status of a
    company.
    7. State the provisions prescribed for the incomes exempted from tax applicable to
    Company.
    8 .Explain the provisions relating to set –off and carry forward of losses.
    9. Explain briefly the provisions of the Income Tax Act regarding deductions to be made in
    Computing the total income of an assessee in respect of certain payments.

    10. Compute the Gross Total Income after set off and carry Forward of Losses for the
    Assessment year 2022-2023.
    1. Loss from Income from House Property Rs.10, 00,000
    2. Income from Business Rs.25, 00,000
    3. Income from Long term capital gain Rs4, 00,000

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