TAXATION THEORY FOR BA LLB AND BBA LLB

 1.     Explain the term:

         Assesse ; Assessment year; Heads of Income ; Salary  ; Pension , Input Tax, Casual Dealer , Goods, Taxable Goods, Agricultural Income

2. How Residential Status of an individual and Hindu undivided family can be determine ?

3. Explain the procedure of computing salary with essentials.

4. Explain income from other sources with 10 examples. Distinguish between deduction and exemption .

5. Who are exempted from requirement of quoting PAN? Explain the term short term and long term capital assets.

6. Explain the procedure of revision and appeal under I.T. Act. Explain the procedure for allotment PAN.

7. Explain the procedure of filling return.

8. Explain the incomes which are exempted from tax.

9. What is Service Tax? Explain the concept and salient features of Service Tax. Explain the concept of valuation of taxable service.

10. What do you mean by VAT? What are the merits and demerits of introducing VAT? Discuss the provision of registration of dealer under WBVAT.

11. Define the term salary . Explain the concept of income from salary . What comes under the head of salary ?

12. What do you mean by the term Best Assessment? Under what circumstances can recourse be has to this method of assessment ?

13. Briefly discuss the rules for determining the residential status of an assesse for determining the tax liabilities.

14. Write difference between ' source of Income' and 'heads of Income'.

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