Income Tax Law (B.Com) 5th Sem Previous Year Solved Question Paper 2022

Ace your B.Com 5th Semester Income Tax Law exam with confidence! Explore our comprehensive collection of solved question papers from the previous year (2022) at Jetty Study.

1. Calculate the tax liability of H.U.F. whose computed total income is Rs. 4,94,000 and Net Agricultural Income is Rs. 50,000 for the Assessment Year 2022-23.

2. The following investments are held by Hardika on 1-4-2021 :

3. Mr. Deep came to India for the first time from U.S.A. on 30th June, 2015. He stayed in India for three years and left for Japan on 1st July, 2018. He returned to India on 1st April, 2019, and remained in India till 31st July, 2021 when he went back to U.S.A. He again came to India taking up an employment with an American Concern, on 21st January, 2022. What is his residential status for the previous year ended on 31st March, 2022 ?

4. From the following particulars you are required to ascertain the depreciation admissible and other liabilities in respect of the previous year relevant to assessment year 2022-23 :

5. What do you mean by profits in lieu of salary?

6. Discuss the incomes which are taxable u/s 56(1).

7. Mr. Sanjay, a resident individual, is serving in X Ltd. New Delhi (Population above 25 lakhs) and furnishes the following particulars of his income earned during the year ended on 31st March :

8. Miss Muskan owns three house properties at Khanna. Property I is self occupied. Property II is let out for residential purpose and Property III has three identical units. Unit ‘X’ is let out for full year, Unit ‘Y’ is used for own business and Unit ‘Z’ is let out for 5 months and self occupied for 7 months.

9. What do you mean by Assessee? How we can compute the residential status of a person other than individual ?

10. Discuss the incomes which are not included in total income nor income tax payable on them.

11. Mention the different kinds of incomes specifically mentioned as chargeable to tax under the head Income from other Sources.

12. What do you mean by the term depreciation? What are the rules regarding the claim of deduction of depreciation ?