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LL.B. Exam: Taxation Laws Jan 2021

This document contains questions from a Taxation Laws exam for a Third Year LL.B. degree program. It covers topics like computation of income from house property, types of set-off and carry forward under the Income Tax Act, registration under the GST Act, capital gains, clubbing of income, customs duties, and calculating tax liability for various individuals based on their income and deductions. Students were asked to answer questions in short essay and long answer format covering different parts of the taxation laws.

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V.Vidhya Vasini
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49 views2 pages

LL.B. Exam: Taxation Laws Jan 2021

This document contains questions from a Taxation Laws exam for a Third Year LL.B. degree program. It covers topics like computation of income from house property, types of set-off and carry forward under the Income Tax Act, registration under the GST Act, capital gains, clubbing of income, customs duties, and calculating tax liability for various individuals based on their income and deductions. Students were asked to answer questions in short essay and long answer format covering different parts of the taxation laws.

Uploaded by

V.Vidhya Vasini
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
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Register No.

TA5E
(For the candidates admitted during 2017 – 2018) 4662-20
LL.B. DEGREE (SEMESTER) EXAMINATIONS, JANUARY 2021.
(Three-year Regular Course)
Third Year – Fifth Semester
TAXATION LAWS
Time : 2½ hours Maximum : 70 marks
PART A — (2 × 12 = 24 marks)
Answer TWO of the following in about 500 words each.

1. Explain the provisions relating to computation of income under the head “Income
from House Property”.

2. State the evils of black money? How black money can be eradicated?

3. Give an account of the various types of set–off and carry forward under the Income
Tax Act?

PART B — (2 × 7 = 14 marks)
Answer TWO of the following in about 300 words each.

4. Discuss in detail about the procedure for Registration under the Tamil Nadu Goods
and Services Tax Act, 2017?

5. Define Zero rated supply and Inter State supply.

6. Discuss the important provisions of the Constitutional Law of India on Taxation.

PART C — (5 × 4 = 20 marks)
7. Write short notes on FIVE of the following:

(a) Short term capital gain.

(b) Single Point Tax.

(c) Progressive Tax.

(d) Clubbing of Income.


(e) Seizure of goods under the Customs Act,1962.

(f) Canons of Taxation.

(g) Kinds of Duties under the Customs Act.

PART D — (2 × 6 = 12 marks)
Answer TWO of the following by referring to relevant provisions of Law. Give cogent reasons.

8. State the maximum amount that can be deducted in Income Tax Act, 1961 for the
assessment year 2019-2020.
(a) Housing loan interest
(b) Housing loan principal
(c) Education loan interest and principal

9. The salary details of ‘A’ for the previous year 2018–2019 is as follows:
Rs.
Basic pay 4,00,000
D.A. 3,00,000
House Rent Allowance 60,000
City Compensatory Allowance 8,000
He paid Rs.2,500/- toward Professional Tax, Rs.3,000/- as donation towards Kerala
Puyal and Rs.3,000/- as donation towards Gajah Puyal and Rs.80,000/- towards
Contributory Pension Scheme. Calculate the I.T. for the assessment year 2019-
2020 under the Income Tax Act, 1961.
‘ ’ :

4,00,000
3,00,000
60,000
8,000
/-

10. Annual Income from house property of Mrs. Kamala is Rs.8,00,000/-. During
previous year, she paid Rs.40,000/- as Municipal Tax and paid Rs.20,000/- as Water
Tax. She paid Rs.2,00,000/- towards housing loan interest and principal
Rs.1,00,000/-. Calculate the tax liability of Mrs.Kamala for the Assessment year
2019-2020.

——————

4662-20 /TA5E

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