File Details:

Questions:

1. Distinguish between 'Tax Planning and Tax Evasion'.
2. Define Assessee.
3. Explain Casual Income.
4. Distinguish between exemptions and deductions under Income Tax Act.
5. Explain the Assessment Year.
6. Define Agricultural Income. State with example how tax is computed on agricultural income.
7. Discuss the provisions of Income Tax Act regarding exemption of Gratuity and House Rent 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 regarding deductions under sections 80D, 80TTA, and 80U.
11. Compute taxable income from salary for the assessment year 2019-20 based on the particulars of Mr. Manoj's income.
12. Calculate capital gains for the assessment year 2019-20 based on the details of Mr. A's house purchase, renovation, and sale.
13. Discuss the provisions of set-off and carry forward of losses from business, short-term capital loss, and lottery.