BCOM 3RD SEM INCOME TAX (IT) IMPORATNT QUESTIONS

           BCOM 3RD SEM I.T IMPORTANT QUESTIONS

         IMPORTANT QUESTIONS FOR 3rd SEMESTER EXAMINATION

INCOME TAX (IT)                                                           B.Com (All Combination) II Year

I Unit

Residential status of an individual.( Nov.18 Dec. 17)
Direct and Indirect taxes.
10 exempted incomes. ( Dec. 17) May 18 May 19
Person & Incidence of Tax. (Nov.18  Dec. 17) May 18
Previous year – Assessment Year. (May 19 Dec. 17)
Gross total income. May 18
Income under Section 24.

II Unit

Agriculture Income, types & characteristics. (May 19 Nov.18  Dec. 17) May 18
Calculation of Tax liability.( Nov.18)
Partly agriculture income.( Nov.18)
                 
III Unit

Income from salary.( May 19 Nov.18)
Recognized Provident fund.
Statutory provision fund.
Calculate House Rent allowance.
Define Perquisite.( Nov.18)

IV Unit

Income from House property.( May 19 Nov.18)
Deemed Ownership. May 19
Unrealized rent. May 19
Co-Ownership. May 19
Deduction under Section 24. May 19

V Unit

Income from Business.( Nov.18)
Income from Profession. May 19
Block of assets.
Types of capital assets.
Define depreciation ? Explain conditions for claiming depreciation as deduction (Nov.18).
Difference between capital receipts, revenue receipts.
Difference between capital expenditure, revenue expenditure.

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