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BA.LLB (Sem-IX)

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Examination January-2023

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Principles of Taxation

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

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Please check whether you have got the right question paper.

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N. B 1) Q.No.1 is compulsory questions (20 marks)
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2) Solve any 5 questions from Q2 to Q8 (12 marks each)

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1. What are the characteristics of a good tax structure?

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business/profession”

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Q2 What are allowances? How they are taxed? Explain House Rent Allowance and its 12
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Q4 Explain the scope of tax laws as per the constitional provisions. Also highlight on 12
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taxation system prevailing in country.

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Q6 What are the basic rules governing deductions under section 80C to 80U? Explain any 12
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Q7 How to calculate Final Tax liability of an individual? Explain the same by drafting a 12
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same on 6th June 2021.

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on 31s Dec 2019, B transfers the asset on October 20, 2021.

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Q8 Explain in following whether there is long term or in short term capital gain

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1) X purchases a hour property on 10 Mar 2020 & transfer it on June 6 2021.

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3) A purchases diamonds on September 12, 2018 and lift the same to his friend B

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2) L purchases listed shares in an Indian company on Mar 10th 2020 & transfer the

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4) N purchase residential property on 20th Mar 2020 & transfer it on 10th Mar 2022.

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