Roll No.

INCOME TAX
GROUP B: Answer any three questions.
(Question No. 6th is compulsory)
(3x15=45)

SESSION 2013-14
Annual Examination
B.Com. (IInd Year)

Time: 3 Hours.

Q.6 Discuss the treatment of capital expenditure

and revenue expenditure.

MM: 100

INSTRUCTIONS:

Question paper is divided into three groups.

Figure to the right in bracket indicates mark.
Assume suitable data if necessary.

GROUP A: Answer any three questions.

(Question No. 1st is compulsory)
(3x10=30)
Q.1 What do you understand by gross total
income?
Q.2 Bring out the history of income tax.
Q.3 How to calculate tax liability?
Q.4 Explain the characteristics of salary.
Q.5 What do you mean by gratuity and advance
salary?

Q.7 Explain agricultural income and the procedures

regarding how it should be taxed.
Q.8 When an income can be taxed under the head
house property?
Q.9 Explain exempted house property incomes.
Q.10 What do you mean by assesses in default and
deemed assesses?
GROUP C: All questions are compulsory.
Q.11 One line answer.
2x5=10
I.
II.
III.
IV.
V.

Income tax
Gratuity
HUF
Treatment of capital expenditure
Agricultural income

Q.12 Objective questions.

2x5=10
I.

II.
Q.13