File Details:

Questions:

1. Distinguish between 'Tax Planning and Tax Avoidance'.
2. Define Assessee.
3. Distinguish between Gross Total Income and Total Income.
4. Explain the previous year.
5. Explain 'Tax Evasion'.
6. Define agricultural income. Give examples of non-agricultural income.
7. Discuss the provisions of Income Tax Act regarding exemption of Rent Free House and Entertainment Allowance.
8. Define transfer. What are the transactions which are not regarded as transfer for computation of capital gains?
9. Tax Liability depends upon the residential status of an assessee. Explain in detail.
10. Explain the provisions of the Income-Tax Act for deductions under Section 80C, Section 80G, and Section 80TTA.
11. Compute taxable income from salary for the assessment year 2019-20 based on the particulars of Mr. Suresh.
12. Compute taxable capital gains for the assessment year 2019-20 based on the details of Mr. D'souza's asset sales.
13. Discuss the provisions of set-off and carry forward for losses from business, short-term capital loss, and lottery.