Bharathiar University 2007 Bachelor of Computer Science (B Level) BCS IT Law And Practice BCS 312 - Question Paper

BCS IT legal regulations And Practice BCS 312 May 2007

Time : 3 hours Maximum : 100 marks
ans should be prescribed limit.
PART A — (5 ? eight = 40 marks)
ans any 5 ques. in about 200 words.
All ques. carry equal marks.
1. What are the exceptions to the rule that income of a previous year is assessed to tax in the assessment year?
2. Write a note on total income of a resident.
3. What are incomes deemed to accrue or arise in India?
4. Give 4 examples of income which are totally exempt from income–tax.
5. Explain the House Rent Allowance exemption under
Sec. 10 (13.A).
6. Write a note on clubbing of incomes.
7. Compute Annual Rental Value in the subsequent case :
(a) Municipal Rental Value Rs. 4,800 p.a.
(b) Actual Rent Received Rs. 5,000 p.a.
(c) Lift and pump maintenance charges paid by owner Rs. 600 p.a.
(d) Salary of common gardener and watchman paid by tenants is Rs. 50 p.m. true expenses incurred by the owner during the year are Rs. 420.
8. What is Agricultural Income as per Income Tax Act.
PART B — (4 ? 15 = 60 marks)
ans any 4 ques. in about 400 words every.
9. Explain the term Assessee. State the various classes of Assessees.
10. Discuss the rules relating to determination of residential status of an assessee.
11. What are the classes of income to which Income Tax ct does not apply? discuss.
12. What are the incomes chargeable to tax under the head ‘Profits and Gains of business or profession’?
13. What are Deemed Incomes? How do you treat them?
14. The subsequent are the particulars of salary income of
Mr. Ramu, who is employed at Kanpur :
(a) Salary @ Rs. 1,000 per month.
(b) D.A. @ 10% of salary.
(c) Compensation received for termination of employment from previous employer Rs. 6,000.
(d) City compensatory allowance @ Rs. 200 p.m.
(e) House rent allowance Rs. 200 p.m. and he pays rent of Rs. 250 p.m.
(f) He is contributing Rs. 150 p.m. towards recognised provident fund. The employer is also contributing the identical.
(g) During the year, he paid Rs. 200 as professional tax.
(h) He owns a car which he is using for official and personal use.
Calculate his taxable income.
15. From the subsequent particulars, calculate the business income of Mr. Kettimuthu.
Rs. Rs.
Salaries 90,000 Gross profit 3,50,000
Rent and Taxes 20,000 Dividend 4,000
Service charges 4,000 Bad debts recovered 4,400
Legal expenses 5,000 Income from Post Office Savings Bank 1,200
Reserve for income tax 6,000
Depreciation 12,000
Expenses on acquisition of patent rights 56,000
Office expenses 42,000
Contribution to RPF 12,000
Bad Debts 4,500
Donation NDF 2,500
Net Profit 1,05,600
3,59,600 3,59,600
Note :
(a) Depreciation on assets other than patent rights is Rs. 16,500.
(b) Contribution to employees RPF due on 31.3.2005 Rs. 2000. Contribution is @ Rs. 1,000 p.m.

Earning:   Approval pending.