Diploma-Diploma Taxation Law 3rd Sem Paper – III : WEALTH TAX ACT, CENTRAL EXCISE ACT AND SERVICE TAX ACT(University of Pune, Pune-2013)

                               Diploma In Taxation Laws Examination, 2013
                           Paper – III : WEALTH TAX ACT, CENTRAL EXCISE ACT AND
                                                              SERVICE TAX ACT
                                                                  (2006 Course)

Time : 3 Hours                                                                                   Max. Marks : 100

Instructions :

A) All questions are compulsory.

B) Figures to the right indicate full marks.

 

1. Enumerate the Assets which are exempted from the Wealth Tax under the Wealth Tax Act, 1957. 16

OR

1. Discuss the definition of Net Wealth and Assets under The Wealth Tax Act, 1957. (8+8)

2. Explain the provisions relating to ‘Assessment’ under the Wealth Tax Act, 1957. 16

OR

2. Discuss the provisions relating to payment and recovery of Wealth Tax under the Wealth Tax Act, 1957. 16

3. Write short notes on any two of the following : 18

a) Valuation Date

b) Rectification of mistakes

c) Wilful attempt to evade Tax.

d) Refund of Wealth Tax.

4. Define the term ‘excisable goods’ and explain the valuation of excisable goods for purposes of charging of duty of excise under the Central Excise Act, 1944. 15

OR

4. Define the term ‘manufacture’ and describe procedure for ‘Registration of Manufactures’ under the Central Excise Act, 1944. 15
P.T.O.

5. Explain any two of the following with reference to the Central Excise Act, 1944. (8+7=15)

a) Adjudication of confiscations.

b) Consumer Welfare Fund and Utilization of the fund.

c) Appeals.

d) Powers of the Central Excise Officers.

6. Write short notes on any two of the following with reference to Service Tax. 20

a) Classification of ‘Taxable Services’

b) Exemption of Taxable Service

c) Valuation of Taxable Service

d) Payment of Service Tax.

 

Earning:  ₹ 7.05/-