Income Tax Law and Practice Important QuestionsB.Com CBCS PatternDibrugarh University
Unit-I: Income Tax Law
Q. “The incidence of tax depends upon
the residential status of an assessee.” Discuss. How Residential Status of the
following is Determined: 2013,
2014SN, 2016, 2017, 2019, 2021, 2022
Q. What is Income? Write a brief note on incidence of tax.
Unit – 2
(PART A): Computation of Income from
Salary
Q. What is allowance? Explain its various types including Dearness allowance (2018) and HRA (2015).
Q. Explain the various types of
Provident fund with their respective treatment as per Income Tax Act, 1961. 2014, 2017, 2019, 2022
Q. What are the essentialcharacteristics of Salary?
Q. Explain the provisions of the
income – tax Act, 1961 concerning the following:
Ø Value of rent-free house
Ø Commuted and Uncommuted Pension 2014
Ø Voluntary Retirement Compensation
Ø Approved Superannuation fund
Ø Encashment of earned leave 2018
Ø Relief u/s 89(1) of the Income tax Act. 2014, 2022
Ø Profit in lieu of salary 2018
Q. Practical Problems: Every Year
Click here for 2009 to 2022 Solved Practical Problems
Unit – 2
(PART B): Income under the Head House
Property
Q. Explain the Basis of Charge ofIncome under the head Income from House Property. 2021
Q. Write Short Notes on:
Ø Exempted House Property Income 2015, 2022
Ø Income From Co-owned Property
Ø Unrealised rent and its Treatment
Ø Different categories of house property (Self, Let-out and used for
own business)
Q.Practical Problems: Every Year Click here for 2009 to 2022 Solved Practical Problems
Unit 3
Part A: Profits and Gains from
Business and Profession
Q. What do you mean by the term
“Depreciation”? What are the rules regarding grant of deduction for depreciation? 2015, 2017, 2018
Q. Write Short notes on:
Ø Additional depreciation 2019
Ø Block of assets 2018
Ø Chargeability of PGBP 2018
Ø Admissible and Inadmissible deduction
us 40(A)/(B)/43(B) 2015
Ø Books of accounts
Q. One
Practical Problems:
1.
Calculation
of Depreciation 2018
2.
Computation
of Business Income 2014, 2016, 2019
3.
Computation
of Professional income 2015,
2017
Part B: Income under the head “Capital Gains”
Q.
What are Capital Assets (2016SN)? What are its various types (2017SN)? Describe
the procedure of ascertaining Short Term capital Gains and long term capital
Gains. 2014,
2015, 2016, 2019, 2021, 2022
Q. What do you mean
by capital gains? Explain in detail capital gain exempted from tax. 2017, 2018, 2019SN, 2022
Q.How would you determine cost of acquisition and cost of improvement u/s 49? 2021
Q.
Explain the concept of Transfer under the head capital gains. Mention the
transactions which are not regarded as transfer. 2015SN, 2016
Q.
Write short notes on:
Ø LTCG
and STCG 2017
Ø Deemed income 2015
Income From other sources
Unit 4: Clubbing of Income, Set off and Carry
Forward of Losses
Q. What is unabsorbed depreciation?
How it is set off? 2016SN,
2017SN
Q. How will you
compute the total income of an individual and firm? Explain.
Q. Explain the tax rate applicable to a firm
for the Assessment Year 2022-23.
Q. State the Relief and Rebate in respect of income tax and rates
of income tax. 2021
Q. Write short notes on:
a) Set off and carry forward of losses 2016, 2017
c) Deductions under Sec 80C
d) Deductions under Sec 80D
e) Deductions under Sec 80E
f) Aggregation of Income
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