Law of Taxation · Semester 6

Law of Taxation · September/October 2020

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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), OU LL.B. Year 3 Semester 2 (VI Semester). Download the file; question-to-topic mapping can be added later from this paper.

Osmania University · Faculty of Law

Law of Taxation · September/October 2020

September/October 2020 · Law of Taxation · Semester 6

FACULTY OF LAW
LL.B. (3 YDC) III - Year VI - Semester / B.A. LL.B. (5 YDC) /
B.Com. LL.B. (5 YDC) V - Year X - Semester Examination, Sept. / October 2020
Subject : LAW
PAPER - I : LAW OF TAXATION
Time : 3 Hours Max. Marks : 80

PART - A (4 x 10 = 40 Marks)
Answer any FOUR of the following.
1. TDS.
2. Net Wealth.
3. Assessment.
4. Previous Year.
5. Declared goods.
6. Double Taxation.
7. Indirect Tax.
8. Clubbing of income.

PART - B (1 x 20 = 20 Marks)
Answer any ONE of the following.
9. Discuss the scope of Tax Laws and the constitutional provisions relating to Tax.
10. Explain the distinguishing features of 'Capital receipt' and 'Revenue receipt'.
11. Explain the procedure relating to registration of 'Dealer' under the APGST Act.
12. Explain the salient features of the General Sales Tax Act.

PART - C (1 x 10 = 20 Marks)
Answer any TWO of the following.
13. Mr. Madhu is a practicing advocate. His wife 'Roja' works in his law firm and draws a salary of Rs.
25,000/- while computing the total income for Mr. Madhu, the assessing officer clubbed the salary of
his wife. Discuss.
14. 'X', an assessee, transfers some of his assets to 'Y' during the pendency of the proceedings under
the income tax act with a view to defraud the revenue. Is this transfer valid? Discuss.

15. Explain the taxability of the following incomes: (a) Fixed car allowance of Rs. 1,500/- per month.
(b) Fixed Medical allowance paid to the employee.
16. 'A' had a net wealth of Rs. 20 lakhs on 01.04.2006. However, due to a fire accident on 01.03.2007
he lost assets worth Rs. 6 lakhs. Decide the liability under the Wealth Tax Act.

Part A · 6 marks

  1. TDS.
    Year and frequency →
  2. Net Wealth.
    2× in bank
    Year and frequency →
  3. Assessment.
    Topics: Previous year, assessment year and the charging section; Returns, assessment, reassessment and collection
    Year and frequency →
  4. Previous Year.
    3× in bank Topics: Previous year, assessment year and the charging section
    Year and frequency →
  5. Declared goods.
    Year and frequency →
  6. Double Taxation.
    2× in bank
    Year and frequency →
  7. Indirect Tax.
    Year and frequency →
  8. Clubbing of income.
    Topics: Exemptions, clubbing and set-off; Salary and income from house property; Residential status and scope of total income
    Year and frequency →

Part B · 15 marks

  1. Discuss the scope of Tax Laws and the constitutional provisions relating to Tax.
    Topics: Constitutional scheme, supply and levy under the CGST Act; Residential status and scope of total income
    Year and frequency →
  2. Explain the distinguishing features of 'Capital receipt' and 'Revenue receipt'.
    Topics: Profits of business, capital gains and other sources
    Year and frequency →
  3. Explain the procedure relating to registration of 'Dealer' under the APGST Act.
    Year and frequency →
  4. Explain the salient features of the General Sales Tax Act.
    Year and frequency →

Part C · 10 marks

  1. Mr. Madhu is a practicing advocate. His wife 'Roja' works in his law firm and draws a salary of Rs. 25,000/- while computing the total income for Mr. Madhu, the assessing officer clubbed the salary of his wife. Discuss.
    Topics: Salary and income from house property; Residential status and scope of total income; Chapter VI-A deductions and total income
    Year and frequency →
  2. 'X', an assessee, transfers some of his assets to 'Y' during the pendency of the proceedings under the income tax act with a view to defraud the revenue. Is this transfer valid? Discuss.
    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. Explain the taxability of the following incomes: (a) Fixed car allowance of Rs. 1,500/- per month. (b) Fixed Medical allowance paid to the employee.
    Year and frequency →
  4. 'A' had a net wealth of Rs. 20 lakhs on 01.04.2006. However, due to a fire accident on 01.03.2007 he lost assets worth Rs. 6 lakhs. Decide the liability under the Wealth Tax Act.
    Year and frequency →