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6 SEM LLB PTL 6.3 OP4
2021
(September)
LAW
Paper: 6.3 OP4
(Principles of Taxation Law)
Full Marks- 40
Time: 1 ½ Hrs

(The figures in the margin indicate the full marks for the questions)
1. Answer any two from the following questions 13×2=26

a. Write an explanatory note on the Agricultural Income Tax in Assam. 13

b. Enumerate at least thirteen such incomes which do not form part of total income. 13
c. Define depreciation. Describe the rules for allowability of depreciation under various
block of assets as provided under the income Tax Act, 1961 3+10=13
d. For whom filing of income tax returns are mandatory? What is due date of return? Write in
short the assessment procedure enumerated under the Income Tax Act, 1961. 5+3+5=13
e. What are the various penal provisions under GST Act for non-payment of tax & interest
and also for non-furnishing of prescribed returns under the Act? 13

2. Answer any one from the following questions. 14×1=14

a. Critically examine the necessity of tax in the modern economy of a country. What are the
prerequisites of a good tax system? Distinguish between tax planning and tax evasion.
5+4+5 = 14
b. Explain the followings:- 7 × 2 = 14
(i) Capital receipts v. Revenue receipts
(ii) Special provisions relating to newly established industrial units in SEZ
c. Discuss the provisions relating to the computation of ‘Salary income’ under the Income Tax
Act, 1961. 14
d. Discuss the rules regarding the followings:- 7 ×2=14
(i) Clubbing of income of one person with the income of other,
(ii) Set off of losses within various sources or heads of income.
e. Write in detail the procedure for registration of dealer under the Goods and Services Act.
Describe the procedure for claiming input tax credit and TDS by a registered dealer under the
Act. 7+7=14

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