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Total No. of Printed Pages: 3

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SUBJECT CODE NO: - R-7077

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FACULTY OF HUMANITIES

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LL.M (Service Course)

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Examination May / June - 2023

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Indian Taxation Laws

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[Time: 3:00 Hours] [Max. Marks: 80]

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Please check whether you have the right question paper.

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N. B 1) Question No.1 is compulsory

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2) Solve any 5 from Q. No 2 to Q. No 8
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Q1 Solve the following MCQ. 20

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1) AOP id the abbreviation used for_____

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a) Association of persons

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b) Association of professors

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c) Associations of Panchayat
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d) Associations of professionals
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2) Employers contribution to RPF is exempt upto ___ of salary.

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a) 13.5% b) 12% c) 15% d) 9.5%

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3) _____ are definite, specific, and complete and fuel.

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a) Exhaustive definition b) Inclusive definition

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c) Sections d) Clauses
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4) An _____ company is always resident in India.

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a) Industrial b) Individual c) Indian d) Investment

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5) Under income tax act, the incidence of taxation depends on ___ of taxpayer.
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a) The citizenship b) Age c) Residential status d) Gender

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6) X is entitled to children education allowance Rs120 pm child for 3 children

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amounting Rs 360 pm. It will be exempt to the extent of _____

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a) Rs 200 pm b) Rs 160 pm c) Rs 240 pm d) Rs 300 pm

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7) Under the head business or profession, the method of accounting which an

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assessed com follow____

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a) Mercantile system only

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b) Cash system Only

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c) Mercantile or cash system only

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d) Hybrid system.
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8) Under the head Income tax act 1961, Depreciation on machinery is charged on __
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a) Purchase price b) Market price c) Written down d) A or B which is less

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9) The purpose of tax is raising

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a) Public demand b) Public awareness c) Public revenue d) None of the above

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10) The famous book ____ written by Kautilya gives clear reference about the tone

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system that was prevailing in the ancient India

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a) Manu smriti b) Arthshashtra c) Sahasra reena d) Garudpurana.

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11) Deduction u/s 80C to 80U cannot exceeds_____

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a) Gross total Income b) Total Income

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c) Income from Business or Profession d) Income from House Property

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12) The Assessment period for income tax on salary is

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b) 12 months and less than 12 months

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c) Only 12 Months

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d) 12 months and more than 12 months

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13) The entertainment allowance is applicable to_____

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a) Private sector employees

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b) Public sector employees

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c) Government employees
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d) All of the above

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14) The payment of gravity act came into force in ____

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a) 1973 b) 1980 c) 1991 d) 1972

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15) The capital gain is chargeable under _____ of Income tax act.
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a) Sec 45 b) Sec 55 c) Sec 56 d) Sec 40

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16) The income tax act came into force all over from
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a) 1st Mar 1971 b) 1st Apr 1971 c) 1st Mar 1961 d) 1st Apr 1961
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17) The apex body of income tax department.

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a) Central gout of India b) CBAT c) Finance ministry d) Dept. of revenue

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18) Direct taxes are ___ in nature

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a) Progressive b) Regressive c) Aggressive d) Inflationary

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19) Who can impose tax on scheme?

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a) Union b) State c) Both d) None of above

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20) Aggregate amount of deduction u/s 80C 80CCC and 80CCD cannot exceed
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a) NIL b) 1,50,000 c) 1,00,000 d) 50,000

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Q2 Explain the Taxation system in India? What are various types of taxes in India explain? 12
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Q3 Prepare a computation of total Income showing exemptions and deductions to be 12

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claimed from income earned.

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Q4 Pension is retirement benefit. Explain uncommuted and commuted pension as per 12

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income tax act 1961 and their taxability for government as well as non-government
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employees.
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96 FF A 42 71
92 B8 A6 0A 96
F7 FA 6C FE 88 92
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69 FF A6 42
0A 71 D EF
2F B8 FE 96
AD 6C 2B 88 92 FB
EF FA AF FA 86
69 F A6 42
0A 71 D EF CF
2F B8 FE 96 AA
AD 6C 2B 88 92 FB 6F
EF FA AF FA 86 E2
F A6 42
0A 71 D EF CF B4
B8 FE 96 AA 20
AD 6C 2B 88 92 FB 6F A8
AF FA 86
EF
F
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A6 42 71 DE CF E2
B4 8 AF
B8 0A 96 FF AA 7
6C FE 88 92 B 20 19
2B AF FA 86 6F A8 69
FF FA
A6 42 71 DE CF E2
B4 8 AF 2F
B8 0A 96 FF AA 7 AD
6C FE 88 92 20 19 EF
2B AF FA B8 6F A8 69
FA 42 71 DE 6C E2 8 AF 2F FB
86
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7
Explain the same step by step.

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B A 6F
20 19 EF CF
AA
2B AF FA 86 A8 69
42 71 DE CF E2
B4 8 AF 2F FB
86 6F
0A 96 FF AA 7 AD E2
88 92 B 6
20
A8 19 EF CF
AA B 42
AF FA 86 FE 69
71 DE CF 2 8 AF 2F FB
86 6F 0A
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FF AA 20 19 CF B AF
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FA B 86 6F A8 69 EF AA 42 71
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7 AD E2 88 92
B 6F
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AA B 42
AF FA
86 A8 69 71 DE
CF E2
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86 6F 0A 96 FF
AA 42 7 AD E2 88 92
Q7 Distinguish between short term and long term capital gains.

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AA B FA
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88 69 FB DE 71
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A F 86 6F 96 FF
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Q6 What is inter head adjustment as per section 71? Explain the general rule.

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B8 6F A8 69 FF A
AD 6C E2
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Q5 How gross annual value is computed under the head “Income from house property”?

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Q8 What are various types of provident funds? Explain the tax treatment in all the types?

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