Income Tax BCP-403Class B-Com (P) Semester 4th

1. Meaning of income tax. discuss its characteristics and purpose2. What do you mean by income tax Act 1961?3. Write note on following

Assessment year Previous year Assesses Person Income

4. Meaning of agriculture income. Discuss the provision related to it5. Explain various income which are exempted from tax6. What are the provision related to determination of residential status of assesses7. What are the provision related to income from salaries8. What are the provision related to income from house property9. What are the provision related to income from business and profession10. What are the provision related to capital gain and income from other sources 11. Meaning of gross total income12. What are the rate of tax for individuals13. What are the rebates and relief while computation of total income 14. What are the provision related to the computation of total income of HUF ?a15. What are the provision related to the computation of total income of partnership firm16. What are the provision related to the computation of total income of AOP17. What is the concept minimum alternative tax MAT?18. Discuss the basic rule while calculating the amount of deduction from gross income. Explain the various

deduction available to all assesses19. Discuss the various provision to set off and carry forward of losses and clubbing of income20. Discuss the various provision related to capital gain and income from other sources 21. What do mean by advance payment of tax? Discuss its provision?22. Discuss the penalty in case of shortfall of advance tax payment?23. List the various due date of payment of advance tax and how it is calculated 24. What are the provision for interest for deferment of advance tax 25. Meaning of TDS. Discuss the various incomes on which TDS is applied.26. Discuss the organization structure of income tax authorities 27. What are the various power in the hand of income tax authorities28. What do you mean by assessment procedure and what are the modes for the submission of the

assessment29. What do you mean by PAN? discuss the various provision related to it 30. Discuss the various types of assessment 31. What are the various provision related to appeal and revision32. What are the procedures for the refund of tax?33.What are the various penalties and prosecutions under income tax act 1961.