Kerala University 2009 L.LB General Final Year, – Iv – Elective – III : Taxation Law - Question Paper

PART – A
ans any ten ques..
1. describe the term Tax under the Income Tax Act, 1961.
2. elaborate the canons of taxation ?
3. describe the term Income and distinguish it from Capital.
4. What is Agricultural Income ?
5. What is tax planning ?
6. describe the term net wealth under the Wealth Tax Act.
7. discuss the term asset under the Wealth Tax Act.
8. What is tax incidence ?
9. describe the terms turnover, total turnover and taxable turnover under the
Kerala Sales Tax Act, 1963.
10. discuss the term regular and best judgment assessment.
11. describe agriculture income under the Kerala Agricultural Income Tax Act, 1950.
12. Distinguish assessment year and previous year. (10×2=20 Marks)

PART – B
ans any 4 ques..
13. Distinguish ranging from tax and fee.
14. discuss the connection ranging from residential status and its effect on liability to pay
tax under the Income Tax Act, 1961.
15. elaborate exempted assets under the Wealth Tax Act ?
16. elaborate the authorities under the Wealth Tax Act, 1957 ? explain briefly their
functions.
17. describe the term dealer under the Kerala Sales Tax Act, 1963.
18. elaborate the authorities under the Kerala Agricultural Income Tax Act, 1950 ?
explain briefly their functions. (4×6=24 Marks)

PART – C
ans any 3 ques..
19. What is the constitutional basis of taxation ?
20. elaborate the authorities under the Income Tax Act, 1961 ?
21. explain the salient features of the Wealth Tax Act, 1957.
22. explain the salient features of the Kerala Agricultural Income Tax Act, 1991.
(3×12=36 Marks)

Earning:   Approval pending.