File Details:

Questions:

1. What is Direct Tax?
2. What is Fee?
3. Define Gratuity.
4. Define Person.
5. Define Previous Year.
6. What are perquisites? What perquisites are included in the salary income of an employee?
7. What do you mean by Capital gains? How are capital gains calculated?
8. What do you understand by Provident Fund? Explain different types of Provident Funds.
9. What is agricultural income? What are its kinds? What are the limits of such income from Income Tax?
10. How is income from business computed and what deductions are allowed under Income Tax Act 1961?
11. What is 'Annual Value'? How is it determined in different circumstances?
12. Explain in brief the relevant provisions of Income Tax Act, 1961 governing the assumptions of capital gains from tax.
13. Define Salary. State with examples incomes which are included in Salary.
14. State briefly the history of Income Tax Law in India.