Exam Details
| Subject | corporate tax | |
| Paper | ||
| Exam / Course | b.a. ll.b. | |
| Department | ||
| Organization | Hidayatullah National Law University | |
| Position | ||
| Exam Date | June, 2016 | |
| City, State | chhattisgarh, raipur |
Question Paper
END TERM EXAMINATION, APRIL 2016
B.A.LL.B. (HONS.)
SEMESTER-VIII X
CLS-Corporate Tax (Hon.-II)
Max. Marks: 60 Time Allowed: 3:00 Hrs.
Note: Answer five questions including Question No. 1 which is compulsory. The marks carried by each
question is indicated at the end of the question.
1. Answer the following (each answer should be in approximately 100 words): (Marks 2×10=20)
a. What are the two clauses to determine residential status of company in India?
b. What do you understand by term "assesse"?
c. What is Tax on Distribution Profit?
d. What is the concept of MAT Credit?
e. Explain the difference between tax avoidance and tax evasion.
f. Advantages given to Partnership under the Income Tax Act.
g. Is there any advantage given to newly established company in the Income Tax Act?
h. What do you understand by the term "demerger" under the Income Tax Act, 1961?
i. What do you mean by term "company"?
j. Discuss the concept of "unabsorbed depreciation".
2. Indian Government is always taking positive steps regarding development of corporate sector.
What are the privileges regarding tax implication on the basis of location of business. Discuss
with the help of various provisions. (Marks 10)
3. Business restructuring is regulated by various laws in India; provisions regarding the same can
be witnessed in the Income Tax Act, 1961 also. Explain the ambit of amalgamation in the
Income Tax Act, 1961, is it same as other reconstruction laws. Also explain the various
transfers with regard to amalgamation which are not considered as capital gains.
(Marks 10)
4. Explain the concept of Advance Payment of Tax along with provisions and case laws, if
required. X Ltd. has decided to pay advance payment of tax for the financial year 2016-17. It
has estimated its income as 5 crores. Compute the advance tax for the company.
(Marks 10)
5. Double taxation should always be avoided as if it is done, it will be arbitrary. What are the
protections given in Income Tax Act, 1961 regarding the avoidance of double taxation?
(Marks 10)
6. Explain the concept of Tax Planning and Management. (Marks 10)
7. Write short notes on any two of the following:- (Marks 5×2=10)
a. Tax regarding transfer of assets between holding and subsidiary companies
b. Tax Structure in India regarding Companies
c. Receipt and accrual of income
B.A.LL.B. (HONS.)
SEMESTER-VIII X
CLS-Corporate Tax (Hon.-II)
Max. Marks: 60 Time Allowed: 3:00 Hrs.
Note: Answer five questions including Question No. 1 which is compulsory. The marks carried by each
question is indicated at the end of the question.
1. Answer the following (each answer should be in approximately 100 words): (Marks 2×10=20)
a. What are the two clauses to determine residential status of company in India?
b. What do you understand by term "assesse"?
c. What is Tax on Distribution Profit?
d. What is the concept of MAT Credit?
e. Explain the difference between tax avoidance and tax evasion.
f. Advantages given to Partnership under the Income Tax Act.
g. Is there any advantage given to newly established company in the Income Tax Act?
h. What do you understand by the term "demerger" under the Income Tax Act, 1961?
i. What do you mean by term "company"?
j. Discuss the concept of "unabsorbed depreciation".
2. Indian Government is always taking positive steps regarding development of corporate sector.
What are the privileges regarding tax implication on the basis of location of business. Discuss
with the help of various provisions. (Marks 10)
3. Business restructuring is regulated by various laws in India; provisions regarding the same can
be witnessed in the Income Tax Act, 1961 also. Explain the ambit of amalgamation in the
Income Tax Act, 1961, is it same as other reconstruction laws. Also explain the various
transfers with regard to amalgamation which are not considered as capital gains.
(Marks 10)
4. Explain the concept of Advance Payment of Tax along with provisions and case laws, if
required. X Ltd. has decided to pay advance payment of tax for the financial year 2016-17. It
has estimated its income as 5 crores. Compute the advance tax for the company.
(Marks 10)
5. Double taxation should always be avoided as if it is done, it will be arbitrary. What are the
protections given in Income Tax Act, 1961 regarding the avoidance of double taxation?
(Marks 10)
6. Explain the concept of Tax Planning and Management. (Marks 10)
7. Write short notes on any two of the following:- (Marks 5×2=10)
a. Tax regarding transfer of assets between holding and subsidiary companies
b. Tax Structure in India regarding Companies
c. Receipt and accrual of income
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