File Details:

Questions:

1. Write short notes on Central Board of Direct Taxes.
2. Define the term 'Previous year' with an example.
3. When does an individual become a Resident?
4. What do you understand by Best Judgment assessment?
5. What is a Belated Return?
6. Explain the procedures for filing the return of wealth under the Wealth-Tax Act, 1957.
7. What do you mean by capital gains? What are the essentials of capital gains?
8. What are the objectives of tax planning?
9. What penal provisions are provided under the Wealth-Tax Act, 1957?
10. Discuss the provisions for settlement of grievances under Income Tax Law.
11. What is Clubbing of Income? What are the tax implications of such Clubbing of Income?
12. What is meant by short term and long term capital gains? State when the capital gains are exempted.
13. Define 'annual value' and state the deductions allowed from annual value in computing the income from house property.