Osmania University · Faculty of Law
Law of Taxation · May/June 2018
May/June 2018 · Law of Taxation · Semester 6
FACULTY OF LAW
B.A. LL.B. (5 YDC) / LL.B. (3 YDC) III - Year VI - Semester /
B.B.A. LL.B. (5 YDC) V - Year X - Semester (New) Examination, May / June 2018
Subject : LAW
PAPER - I : LAW OF TAXATION
Time : 3 hours Max. Marks : 80
PART - A (5 x 6 = 30 Marks)
Answer any FIVE of the following.
1. Foreign National of Indian Origin.
2. Association of Persons under the Income Tax Act.
3. Previous year.
4. Conditions determining Residential Status of a Company.
5. Meaning of Salary.
6. What is CGST?
7. What is Advance Ruling?
8. Who are the Administrative Officers under the GST Act?
PART - B (2 x 15 = 30 Marks)
Answer any TWO of the following.
9. Explain the provisions of tax deduction at source under the Income Tax Act on the following
income: (a) Salary (b) Payment to Contractor.
10. Explain how the incidence of tax liability of the assessee is determined with reference to
Residential Status of an Indian Company and a Foreign Company during the previous year.
11. Explain the conditions for taking Input tax credit under the GST Act.
12. Explain the persons liable for registration under the GST Act, 2017.
PART - C (2 x 10 = 20 Marks)
Answer any TWO of the following.
13. The assessee is a retired employee and he is having income from salary (pension), income from
house property, income from other sources. His taxable income for the financial year 2009-10 was
Rs. 1,80,000/-. In the month of April 2010 he attained the age of 65, and his income is much below
the exempted income of Rs. 2,40,000/-, so he has filed a nil return. The assessing officer assessed the
income and levied tax and interest. You, as the consultant, advise the assessee.
14. The assessee is a senior citizen aged 62 years. He draws pension of Rs. 3.5 lakh per annum. He
was given approval for deduction u/s 80U by the income tax officer for the Annual Year 2012-13,
availing the present deduction of Rs. 1,00,000 against the approval issued in 2012-13. The allowable
deduction rate at that time was Rs. 70,000. Can he avail this deduction every year in the subsequent
years despite his disability being permanent in nature, without referring the matter every year to the
Income Tax Officer? Advise your client.
15. An assessee had a taxable income in a financial year, but in the subsequent years his income was
within the tax threshold limit. Does he need to file the return every year despite not having taxable
income? Also clarify if a person was not allotted PAN, does the assessee need to file the return
despite having his total income within the threshold limit? Advise your client.
16. Explain the conditions for taking Input tax credit.