Law of Taxation · Semester 6

Law of Taxation · July/August 2012 (5-YDC)

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Study aid only. Confirm statute numbers with the current bare Act and the official OU LL.B. (3-YDC) 2024–25 syllabus PDF.

Official previous-year question paper (PDF scan) labelled 5-YDC in the source scan. Stored with Year 3 Semester 2 as provided.

Osmania University · Faculty of Law

Law of Taxation · July/August 2012 (5-YDC)

July/August (5-YDC) 2012 · Law of Taxation · Semester 6

FACULTY OF LAW
LL.B. (5 YDC) V - Year IX - Semester (New) Examination, July / August, 2012
Subject : LAW
Paper - III (a) Optionals (a) LAW OF TAXATION
Time : 3 Hours Max. Marks : 80
Note : Answer All questions. All questions carry equal marks.

PART - A (5 x 6 = 30 Marks)
Answer any FIVE of the following:
1. Persons under Income Tax Act.
2. H.U.F. under Income Tax Act.
3. De Novo Assessment on remand.
4. Summary Assessment.
5. Association of persons under IT Act.
6. Commutation pension.
7. TOT Dealer.
8. Assets not Subject to Wealth Tax.

PART - B (2 x 15 = 30 Marks)
Answer any TWO of the following:
9. Who should pay Advance Tax? Give the percentage and dates for the payments of Advance Tax.
10. Give a detailed note for selection of a case for scrutiny.
11. What is the valuation method of Jewelry under the Wealth Tax Act?
12. Explain the advantages of registration of dealers under the Central Sales Tax Act.

PART - C (2 x 10 = 20 Marks)
Answer any TWO of the following:
13. The assessee's dependent aged father, suffering from cancer, was treated by a general physician
(qualified post graduate) in his personal clinic. The assessee has incurred Rs. 85,000/- for his
treatment and medicine. Can the assessee claim deduction under 80DDB towards the medical
treatment expenses?
14. Draft a pro forma of statement of Income showing the computation of income from salary.

15. The assessee is working with a multinational company in Pune. She pays rent to her flat owner
and maintenance charges to the owner's association. But her employer refuses to consider the
maintenance charge while calculating rebate on rent, stating that the Income Tax Act mentions rent
only. Is she right in her approach? If so why, and if not, why not? Explain.
16. 'A' an export and import firm at Hyderabad, imported goods sent from 'E' of Germany and sold it
to an Indian buyer at Bombay after obtaining clearance from customs, and claimed exemption. But
the assessing officer levied tax under the CST Act. The assessee wants to file an appeal against the
orders of the assessing officer before the appropriate appellate authority. Advise your client.

Part A · 6 marks

  1. Persons under Income Tax Act.
    2× in bank Topics: Salary and income from house property; Chapter VI-A deductions and total income; Residential status and scope of total income
    Year and frequency →
  2. H.U.F. under Income Tax Act.
    Topics: Salary and income from house property; Residential status and scope of total income; Chapter VI-A deductions and total income
    Year and frequency →
  3. De Novo Assessment on remand.
    Topics: Returns, assessment, reassessment and collection; Previous year, assessment year and the charging section
    Year and frequency →
  4. Summary Assessment.
    Topics: Previous year, assessment year and the charging section; Returns, assessment, reassessment and collection
    Year and frequency →
  5. Association of persons under IT Act.
    Year and frequency →
  6. Commutation pension.
    5× in bank
    Year and frequency →
  7. TOT Dealer.
    2× in bank
    Year and frequency →
  8. Assets not Subject to Wealth Tax.
    3× in bank
    Year and frequency →

Part B · 15 marks

  1. Who should pay Advance Tax? Give the percentage and dates for the payments of Advance Tax.
    Year and frequency →
  2. Give a detailed note for selection of a case for scrutiny.
    Year and frequency →
  3. What is the valuation method of Jewelry under the Wealth Tax Act?
    Year and frequency →
  4. Explain the advantages of registration of dealers under the Central Sales Tax Act.
    Year and frequency →

Part C · 10 marks

  1. The assessee's dependent aged father, suffering from cancer, was treated by a general physician (qualified post graduate) in his personal clinic. The assessee has incurred Rs. 85,000/- for his treatment and medicine. Can the assessee claim deduction under 80DDB towards the medical treatment expenses?
    Year and frequency →
  2. Draft a pro forma of statement of Income showing the computation of income from salary.
    Topics: Salary and income from house property; Chapter VI-A deductions and total income; Residential status and scope of total income
    Year and frequency →
  3. The assessee is working with a multinational company in Pune. She pays rent to her flat owner and maintenance charges to the owner's association. But her employer refuses to consider the maintenance charge while calculating rebate on rent, stating that the Income Tax Act mentions rent only. Is she right in her approach? If so why, and if not, why not? Explain.
    Topics: Salary and income from house property; Residential status and scope of total income; Chapter VI-A deductions and total income
    Year and frequency →
  4. 'A' an export and import firm at Hyderabad, imported goods sent from 'E' of Germany and sold it to an Indian buyer at Bombay after obtaining clearance from customs, and claimed exemption. But the assessing officer levied tax under the CST Act. The assessee wants to file an appeal against the orders of the assessing officer before the appropriate appellate authority. Advise your client.
    Year and frequency →