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PRACTICAL QUESTIONS FOR THE EXAM WILL BE UPLOADED SOON
Important Questions and Answers for May' 2017 Exam
Unit 1
PRACTICAL QUESTIONS FOR THE EXAM WILL BE UPLOADED SOON
Important Questions and Answers for May' 2017 Exam
Unit 1
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Individual
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HUF
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Company
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Firm
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AOP and
BOI
Q. “The incidence of tax depends upon the residential status of an assessee.” Discuss. Distinguish Tax Evasion, Tax Avoidance, Tax Mitigation and tax planning.
Q. "Every assessee is a Person, but every person is not an assessee". considering this statement, define the term “assessee” and “person” under the income tax act.What is regarded as income under the income tax act?
Q. "Every assessee is a Person, but every person is not an assessee". considering this statement, define the term “assessee” and “person” under the income tax act.What is regarded as income under the income tax act?
Unit 2
Q. What are the tax benefits for industrial unit established in:
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SEZ
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EOU (Export Oriented Undertakings)
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FTZ (Free
Trade Zone)
Unit 3
Q. Explain the provisions of the income – tax Act, 1961 with regard to
the following:
Q. What Constitutes Salary Under sec. 17 of Income tax act, 1961?
Explain the basis of charge of salary. What are the essential characteristics of Salary?
Q. Explain the various types of Provident fund with their respective treatment as per Income Tax Act, 1961.
Q. What is Allowance? What are various types of Allowances given by employers to their employees?
Q. What is Allowance? What are various types of Allowances given by employers to their employees?
Unit 4
Q. Write Short Notes on:
Unit 5 (Part A - For old course only)
Q. Write notes on capital assets and transfer. How will you distinguish between capital gain’ and income?
Q. Write short notes on taxability and set-off and carry forward of losses under the head capital gain.
Q. Write short notes on taxability and set-off and carry forward of losses under the head capital gain.
Unit 5 (Part B - for old course only)
Q. What are the incomes and deemed incomes
chargeable under the head “Income from other sources”?
Q. What do you mean by Income from other sources?
Explain the allowed and disallowed deductions under the head income from other
sources.