DIRECT TAX – 1
UNIT – 1
1. Mention any fourteen incomes
that are absolutely exempt from income tax under section 10 of the income tax
Act, 1961. 14(2018) (2015)
2. Write an explanatory note on
residential status of an individual and an HUF.14 (2017)
3. Discuss about the statutory
obligation to file return in income by different persons under the income tax
Act, 1961. 14(2016)
4. Write an explanatory notes on
residential status and tax liability of a person as per the provisions of the
income tax Act. 14(2016)
SHORT NOTES (Marks-4)
a. Charge of income tax. 2018,
2015
b. Assessment year. 2017
c. Gross total income. 2017, 2015
d. Method of accounting. 2016
e. Concept of income. 2016
f. Assessee. 2015,2014
g. Person.2015
h. Return of Tax. 2015
i. Concept of Tax. 2015
j. Scope of total income. 2014
k. Residence and tax liability.
2014
UNIT – 2
1. What do you mean by the term
perquisites under the head salary? What are the classifications of perquisites?
Explain briefly the perquisites which are not taxable. 14(2018) (2016)
2. What is provident fund?
Explain different types of provident funds and their tax treatment. 14(2017)
3. Name the different kinds of
provident fund, of which a salaried person may be a member, and state the
income tax provisions regarding each. 14(2015)
4. What are the provisions of the
income tax Act, regarding the following:
i. Gratuity
ii. Encashment of leave
iii. Retrenchment compensation.
14(2014)
SHORT NOTES (Marks-4)
a. Entertainment allowances. 2018
b. Approved superannuation fund.
2018
c. Retrenchment Compensation.
2017
d. Leave salary. 2016
e. Profit in lieu of salary. 2016
UNIT – 3
1. Explain how to compute taxable
income from self occupied house property. Write a note on special provisions
with regard to unrealized rent when it is realized subsequently. 14(2018)
2. Explain how to compute income
from a let out house property. Write a short note on interest on borrowed
capital. 14(2017)
3. Explain how to compute taxable
income from self occupied house property. Write a short note on deemed
ownership. 14(2016)
4. Define annual value. How is it
determined? What deductions are allowed from annual value in computing taxable
income from house property? 14(2015)
5. State the provisions relating
to computation of income from house property. 14(2014)
SHORT NOTES (Marks-4)
a. Unrealized rent. 2018
b. Municipal value. 2017
c. Exempted property income.2016
UNIT – 4
1. “Appeal against the order of
the assessing office lies with the commissioner (Appeal)”. Do you agree? Write
an explanatory note in support of the above statement. 14 (2018)
2. Write a note on central board
of direct taxes. Explain the powers of assessing officers. 14(2018)
3. What do you mean by right to
appeal? What are the procedures in appeal? Explain in detail. 14(2018)
4. “Right to appeal is a
statutory right under Income tax Act, 1961”. Do you agree? Write an explanatory
note in support of the above statement. 14(2017)
5. Write a note on income tax
authorities. Explain the powers of central board of direct taxes. 14(2017)
6. What do you mean by appeal to
appellate tribunal? Write a note on procedure and powers of appellate tribunal.
14(2017)
7. Who are the income tax
authorities constituted under the income tax Act? What are the powers,
functions and duties of the income tax officers? 14(2016)
8. Describe the procedure of an
appeal to the Deputy Commissioner (Appeal). Give various orders against which
the appeal can be preferred. 14(2016)
9. Write short notes on the
following:
i. Central Board of Direct Taxes.
ii. Commissioner of income tax.
iii. Deputy commissioner of
income tax. 14(2015)
10. What are the authorities
provided by the income tax Act for the administration of tax? Discuss briefly
the powers of an income tax officer. 14(2015)
11. What are the powers of the
commissioner of income tax in regard to search and seizure under section 132 of
the income tax Act, 1961? 14(2014)
12. State the scope of power of
commissioner of income tax. How does the same differ from the powers of
commissioner of income tax (Appeals)? 14(2014)
SHORT NOTES (Marks-4)
a. Commission of income tax. 2018
b. Central Board of Direct Taxes.
2017
c. Income tax authorities. 2016
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