Law of Taxation · Semester 6

Law of Taxation · 2021

Download PDF
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 · 2021

Annual 2021 · Law of Taxation · Semester 6

FACULTY OF LAW
LL.B. (3 YDC) III - Year VI - Semester Examination / BA LL.B. (5 YDC) /
BBA LL.B. (5 YDC) / B.Com. LL.B. (5 YDC) V - Year X - Semester Examination, 2021
Subject : LAW
PAPER - I : LAW OF TAXATION
Time : 3 Hours Max. Marks : 80

PART - A (6 x 4 = 24 Marks)
Answer any SIX of the following.
1. Tax-Fee
2. Income
3. Previous Year.
4. Double Taxation.
5. Perquisites.
6. Valuation date.
7. Sale.
8. Casual trader.
9. Penultimate sale

PART - B (1 x 20 = 20 Marks)
Answer any ONE of the following.
10. Explain the procedure for registration of dealer under the Central Sales Tax Act.
11. Define 'Assets' and write a note on the procedure for determination of capital assets under the
Wealth Tax Act.
12. Explain the general principle relating to deemed assets under the Wealth Tax Act.
13. Appeals under the Income Tax Act.

PART - C (1 x 10 = 20 Marks)
Answer any ONE of the following.
14. Explain the taxability of following perquisites: (a) Free education (b) Free lunch and refreshments
(c) Interest free loan (d) Free supply of gas, electricity and water

15. Mr. X involved in manufacturing of Toys, has his manufacturing at head office at Visakhapatnam.
The head office took orders from buyers at its head office and got the toys manufactured at Chennai,
and used to deliver them from the head office at Visakhapatnam. The Andhra Pradesh Government
started collecting sales tax on the ground that it is an inter-State sale. Mr. X contended that it is not
an inter-State sale. Advise.
16. Mr. 'A' started a partnership business with his major son and also admitted his minor son to the
benefits of the firm. The income tax officer has included the share of the minor son's income in the
income of Mr. A. Decide whether the decision of the ITO is justifiable.
17. Mr. 'A' constructed a house and claimed deduction of interest on such amount from his salary
income. The income tax officer disallowed the deduction. Explain the remedy available to the
assessee, and whether the decision of the ITO is justifiable? Advise.

Part A · 6 marks

  1. Tax-Fee.
    Year and frequency →
  2. Income.
    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. Previous Year.
    3× in bank Topics: Previous year, assessment year and the charging section
    Year and frequency →
  4. Double Taxation.
    2× in bank
    Year and frequency →
  5. Perquisites.
    4× in bank
    Year and frequency →
  6. Valuation date.
    2× in bank
    Year and frequency →
  7. Sale.
    Year and frequency →
  8. Casual trader.
    Year and frequency →
  9. Penultimate sale.
    Year and frequency →

Part B · 15 marks

  1. Explain the procedure for registration of dealer under the Central Sales Tax Act.
    Year and frequency →
  2. Define 'Assets' and write a note on the procedure for determination of capital assets under the Wealth Tax Act.
    Topics: Profits of business, capital gains and other sources
    Year and frequency →
  3. Explain the general principle relating to deemed assets under the Wealth Tax Act.
    Year and frequency →
  4. Appeals under the Income Tax Act.
    Topics: Salary and income from house property; Chapter VI-A deductions and total income; Residential status and scope of total income
    Year and frequency →

Part C · 10 marks

  1. Explain the taxability of following perquisites: (a) Free education (b) Free lunch and refreshments (c) Interest free loan (d) Free supply of gas, electricity and water.
    Topics: Constitutional scheme, supply and levy under the CGST Act
    Year and frequency →
  2. Mr. X involved in manufacturing of Toys, has his manufacturing at head office at Visakhapatnam. The head office took orders from buyers at its head office and got the toys manufactured at Chennai, and used to deliver them from the head office at Visakhapatnam. The Andhra Pradesh Government started collecting sales tax on the ground that it is an inter-State sale. Mr. X contended that it is not an inter-State sale. Advise.
    Year and frequency →
  3. Mr. 'A' started a partnership business with his major son and also admitted his minor son to the benefits of the firm. The income tax officer has included the share of the minor son's income in the income of Mr. A. Decide whether the decision of the ITO is justifiable.
    Topics: Salary and income from house property; Residential status and scope of total income; Profits of business, capital gains and other sources
    Year and frequency →
  4. Mr. 'A' constructed a house and claimed deduction of interest on such amount from his salary income. The income tax officer disallowed the deduction. Explain the remedy available to the assessee, and whether the decision of the ITO is justifiable? Advise.
    Topics: Salary and income from house property; Residential status and scope of total income; Chapter VI-A deductions and total income
    Year and frequency →