University Of Pune Question Paper
D.T.L. Examination, 2010
INCOME TAX ACT
(2005 Course) (Old)
(Paper – II)
Time : 3 Hours Max. Marks : 100
N.B. : 1) Question No. 1 is compulsory. Out of the remaining
attempt any five questions.
2) Figures to the right indicates full marks.
1. Mr. Ram an employee in a company is drawing Rs. 9,000 p.m. as salary plus
10% of his salary as dearness pay. He is getting entertainment allowance of
Rs. 1,000 p.m. He has spent Rs. 5,000 on entertainment of the company’s
customers. He is provided with a rent-free unfurnished house at Pune of the fair
rental value of Rs. 2,000 p.m. The house is owned by the company. He is also
provided with a small car for his personal and office use and all the expenses of
its maintenance and running are met by the company. Find out his taxable salary
for the assessment year 2009-10.
2. Explain the powers of Income Tax Authorities under the Act.
3. What is meant by annual value of house property ? How is it determined ?
What deductions are allowed from annual value of the house property.
4. There are certain expenditure which are specifically disallowed while computing
business income. Discuss.
5. Although there is a transfer of capital asset and there are capital gain but they
exempt from tax. Discuss.
6. What are the provisions relating to deductions from Gross Total Income in respect
of deductions to certain Fund Charitable Institution etc. under Section 80 G of
Income Tax Act.
7. Discuss the provisions regarding Tax to be deducted at source under
Income Tax Act, 1961.
8. What are the provisions regarding set off, carry forward and set off of losses
under Income Tax Act.
9. Write short notes on any two of the following :
a) Indexed cost of acquisition
b) Provisions regarding Banking cash transaction which is taxable.
c) Agricultural Income
d) Appeal and Revision.
________________
D.T.L. Examination, 2010
INCOME TAX ACT
(2005 Course) (Old)
(Paper – II)
Time : 3 Hours Max. Marks : 100
N.B. : 1) Question No. 1 is compulsory. Out of the remaining
attempt any five questions.
2) Figures to the right indicates full marks.
1. Mr. Ram an employee in a company is drawing Rs. 9,000 p.m. as salary plus
10% of his salary as dearness pay. He is getting entertainment allowance of
Rs. 1,000 p.m. He has spent Rs. 5,000 on entertainment of the company’s
customers. He is provided with a rent-free unfurnished house at Pune of the fair
rental value of Rs. 2,000 p.m. The house is owned by the company. He is also
provided with a small car for his personal and office use and all the expenses of
its maintenance and running are met by the company. Find out his taxable salary
for the assessment year 2009-10.
2. Explain the powers of Income Tax Authorities under the Act.
3. What is meant by annual value of house property ? How is it determined ?
What deductions are allowed from annual value of the house property.
4. There are certain expenditure which are specifically disallowed while computing
business income. Discuss.
5. Although there is a transfer of capital asset and there are capital gain but they
exempt from tax. Discuss.
6. What are the provisions relating to deductions from Gross Total Income in respect
of deductions to certain Fund Charitable Institution etc. under Section 80 G of
Income Tax Act.
7. Discuss the provisions regarding Tax to be deducted at source under
Income Tax Act, 1961.
8. What are the provisions regarding set off, carry forward and set off of losses
under Income Tax Act.
9. Write short notes on any two of the following :
a) Indexed cost of acquisition
b) Provisions regarding Banking cash transaction which is taxable.
c) Agricultural Income
d) Appeal and Revision.
________________
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