END TERM EXAMINATION, APRIL-2018
B.A.LL.B. (HONS.)
SEMESTER-VIII X
CLS- Corporate Tax (Hons.
Max. Marks: 60 Time Allowed: 3:00 Hrs.
Note: Answer five questions including Question No. 1 which is compulsory. The number of marks carried by each question is indicated at the end of the question.
1. Explain the following (each explanation should be in approximately 100 words): (Marks 2×10=20)
Carry Forward of Business Losses
Taxable Income
Alternative minimum Tax
Newly established business with reference to corporate Tax
Tax planning
Tax avoidance
Demerger
Sources of corporate Tax
Revenue Receipt
Collection of Tax at source
2. Differentiate between the Residential status of domestic corporate and Foreign corporate?
(Marks 10)
3. Explain the concept of Income with reference to the relevant Case Laws?
(Marks 10)
4. The Tax need to payable on the assumed total income from the various sources includes Salary, Business, Profession, Rent etc. Describe the relevant Tax as per the Income Tax Act, 1961?
(Marks 10)
5. While calculating the Tax liability the SEZ's are comes under the location of business. Explain the concept of SEZ's with reference to the Tax Liability?
(Marks 10)
6. Explain the history of law relating regime of Corporate Tax in India?
(Marks 10)
7. In the recent days the concept of business restructuring has grown importance in the field of corporate Law? Explain the concept of Amalgamation with reference to the Tax Implication prescribed under the Income Tax Act?
(Marks 10)