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Income Tax Important Question

The document outlines important problems and essay-type questions related to Income Tax for B.COM (CBCS) 2nd Year students. It covers various units including income from salary, house property, business and profession, capital gains, and other sources, along with key concepts and theories. Each unit contains specific problems and theoretical questions designed to enhance understanding of income tax principles and calculations.

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darshan442005
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254 views1 page

Income Tax Important Question

The document outlines important problems and essay-type questions related to Income Tax for B.COM (CBCS) 2nd Year students. It covers various units including income from salary, house property, business and profession, capital gains, and other sources, along with key concepts and theories. Each unit contains specific problems and theoretical questions designed to enhance understanding of income tax principles and calculations.

Uploaded by

darshan442005
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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Income Tax

B.COM (CBCS) ,2nd Year.


Important Problems and questions.
S.No. Income tax Problems and Essay type questions Short Answers.
Unit-1 1. Explain briefly Agriculture Income and Features Person
Introductions 2. Determine residential Status and explain PAN
conditions. Deductions,
3. Explain Exempted incomes from Tax u/s-10. Canon of equality,
4. Define tax and explain features, objectives and Tax liability
Indian tax structure. Tax rebate
5. Explain different principles of Canons of Slab rate
taxation. Surcharge
Unit-2 6. Income from Salary –problems : 1 to 5 Problems Residential status
Income from 7. Theory: Taxable Allowances, H.R.A, STCG,LTCG
Salaries. Entertainment allowances, perquisites, Rent Incidence of tax,
free accommodation, Deductions u/s-16, Casual income
Provident fund and gratuity. Agriculture and Non
agriculture
Unit-3 8. Income from House Property –Problems:1 to 5 Children education
Income from 9. Theory: Annual Value, Interest on loan u/s-24, allowance
House Gross annual value, Self-occupied House, Hostel allowance
Property. Deemed owner and Unrealized rent. Perquisites
HRA

Unit-4 10. Income from business and profession-Problems: Block of assets,


Income from 1to 5 problems. Admissible
business and 11. Theory: Depreciation calculations, Admissible expenses
Profession. expenses (Disallowed) and Inadmissible Professional income
expenses. Car allowance
Unit-5- 12. Prepare statements for Capital Gain-5 Problems Indexed cost of
Income from and Income from other sources-5 Problems. acquisition
Capital Gain 13. Theory question: Income chargeable to tax Improvement
and other under income from other sources, Calculation Less tax
sources procedure for Capital Gain. Cost of acquisition Tax free securities
and cost of Improvement. Classification of
securities.

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