Model Question Paper DTLP Gujarat University : www.gujaratuniversity.org.in

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Gujarat University
DTLP-01
April-2007
Law of Taxation
Paper-I
(Income Tax)
Time : 3 Hours]

Model Question List : http://www.gujaratuniversity.org.in/...ldquepaper.asp
Model Question Paper : http://www.gujaratuniversity.org.in/...pr/DTLP-01.pdf

Instruction :
All questions carry equal marks.

1. Which Income are included under the head salary and discuss the perquisities and valuation.
OR
Explain Long Term and ‘Short Term’ capital gain and how tax is calculated on such gain.

2. State the conditions extent to which Long Term capital gains arising from transfer of other assets is exempt. when invested to purchase of house property of self occupation.
OR
Mention the Income which is totally exempt from tax and discuss any five in detail.

3. Discuss fully nature of agricultural income how far it is exempt from tax.
OR
What is assessment ? Discuss assessment u/s 143 (3) of the act.

4. Explain the procedure of Appeal and Revision Petition under Income Tax Act.
OR
(A) What do you meant by depreciation ? Discuss its provisions and kinds under Income Tax Act.
(B) State about time limit for submitting income tax return and time limit for completing assessment procedure.

5. Short note (any four) :
(1) Un explained investment.
(2) Resident and an ordinary Resident.
(3) Public provident fund & national saving certificate
(4) Best Judgement Assessment.
(5) Advance payment of Income Tax.
(6) Permanent Account Number.
(7) Assessment procedure of partnership Firm.
(8) Other sources of Income.

[Unregistered]

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