Osmania University · Faculty of Law
Law of Taxation · July/August 2019
July/August 2019 · Law of Taxation · Semester 6
FACULTY OF LAW
LL.B. (3 YDC) III - Year VI - Semester Examination, July / August 2019
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. Perquisites.
2. Commutation of Pension.
3. Capital Gains.
4. Due dates of advance tax payments.
5. Types of Residential status.
6. Persons chargeable to Income Tax.
7. Kinds of GST.
8. "Input tax credit" under GST.
PART - B (2 x 15 = 30 Marks)
Answer any TWO of the following.
9. Write a note on Administrative Officer under SGST & IGST Act. What are their powers?
10. What are the conditions precedent to be complied for claiming exemption of expenses incurred
for the treatment of specified deceases under section 80DDB of the Income Tax Act?
11. What is PAN, its importance and what are the rules regarding PAN for opening Bank Account?
12. Write a note on tax liability on composite and mixed supplies.
PART - C (2 x 10 = 20 Marks)
Answer any TWO of the following.
13. The assessee during the financial year 2016-17 estimated his income and calculated the tax
which is around Rs. 20,000. The assessee did not pay any instalment of advance tax as envisaged
under the Income Tax Act, nor he had any TDS. He paid the entire tax as self assessment tax and filed
the returns before the due date. As an assessing officer, how will you impose the tax as per the
provisions of the Income Tax Act?
14. Prepare the proforma statement of income for the A.Y . 2017-18 of the assessee pertaining to his
heads of income from salary, house property and long term capital gains (on sale of his house
property), by correctly applying the following sections - Sec 16, 10(13), 10(14), 80DDB, 24 and 30%
statutory Deduction, 45(1A), 48, 54, Deduction under Chapter VIA-80C, TDS, and calculate tax
liability.
15. 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 2017-18 was
Rs. 2,85,000/-. In the month of April 2018 he became a senior citizen. Since he has attained 60 years
of age, and since the exempted income for a senior citizen is Rs. 3,00,000/-, he has filed a nil return.
The assessing officer assessed the income and levied tax and interest. You as the consultant advise
the assessee.
16. The assessee, an NRI, wants to sell the house property of his father who purchased it forty years
back and died leaving behind his legal heirs, i.e. his wife, son and his two daughters. The assessee
needs your advise on the following issues: (a) Does he have to pay tax on the amount that he
receives? (b) How can he avoid paying tax? (c) Does his mother, who is a senior citizen, need to pay
any tax? As tax consultant, advise the party accordingly with explanation.