Class Roll No. Mid Term Examination, September 2017 B.A.LL.B. (HONS.) SEMESTER V Principles of Taxation Law Max. Marks: 20 Max. Time: 1:30 Hrs. Note: Answer any TWO questions out of three. The number of marks carried by a question/ part is indicated against it.
1. Discuss the Adam Smith's and modern canons of taxation. Also explain the importance and relevance of characteristics of a good tax system. (Marks 10)
2. Mr. R.C. Nigam comes to India for the first time on September 2014. On September 15, 2014, he joins a company on monthly salary of Rs. 60,000 per month as part time consultant. On October 2014, he also starts a trading business in computer hardware after obtaining approval from his employer and earned Rs. 1,86,000 in this financial year. Find the residential status of Mr. Nigam for the assessment year 2015-16. Discuss the rules for determination of residential status of Hindu Undivided Family in India for income tax purposes. (Marks
3. What is agricultural income and how is it treated for income tax purposes? Also explain the scheme of partial integration of non-agricultural income with agricultural income with the help of suitable illustration. (Marks 10)