INCOME TAX QUESTIONS

1.Explain the powers exercised by any four income tax authorities. Page 15.1 2. What are the power of chief commissioner of income tax? Page 15.4 3.what is mean by concept of total income under section 2 (45) Page 5.1 4.How is the residential status of individual for income tax purpose Page 3.2 5.What are assets not included in capital assets page 8.1 6.What are the feature of salary Page 5.2 7.different between capital expenditure and revenue expenditure Page 2.5 8. Explain any fifteen exempted perquisites page 5.18 9.give any five example of capital receipts Page 2.2 10. prepare an income from profession Dr. X by a specimen Page 7.44 11.State any 10 exempted income from tax Page 4.1 12.what is capital gain ? what are its types ? what capital gains are exempted Page 8.1,8.2, 8.29 13.Expalin the term casual income Page 9.12 14.What is pervious year What are its exempted Page 1.19 15.what are the income included under other sources Page 9.2 16.State the house property income that are exempted from tax Page 6.6 17.what are the deduction from LTCG Page 8.29 18.What are the Deemed profit Page 7.35 19.Differestiate the term business and profession Page 7.1 20.Give the feature of income Page 1.16 21.What are types of provident fund Page 5.8 22.what ate the included in salary of income Page 5.6 23.Discuss the power of the income tax authority in the matter of search and seizures Page 15.17 24. What are the different types of Assessment? Page 25. What are the provision regarding set-off of loss Page 11.1 26. How to carry forward loss from house property Page 11.4 27.what do you mean by tax deduction at source Page 13.2 28.Explain remuneration rules to partners Page 14.77 QUESTIONS FOR 29 explain the procedure for computing total income Page 1.10 30.Explation the provision relating to preliminary expenses under INCOME TAX IT Act Page 7.20 31.What do you by aggregation of income ? explain Page 10.1 32. What are the different classes of assessee? Page 1.13 33.Who is a person as per the income Tax Act 1961? Page 1.14 34.what are the perquisites? Page 5.16 35.What are the expenses Disallowed I computation of profit and gain of business or profession? Page 36. What are the stages of assessment? Page 15.16 37.Explain the jurisdiction of IT authorities? Page 15.7 38. How allowance are classified? Give example Page 5.11 39. How income is computed for Let out house Page 6.7 40.How would you determine the net income of individual ? Page 14.1 41.What is MAT ? Page 14.123 42. Give the feature of income of the term Income Page1.16 43. what are the Deemed profit? Page 7.35 44.what are the assets not included in Capital assets? Page 8.1 45.List out deduction U/s 24 for Income from House propertity Page.6.18 46. Explain types of capital gain Page 8.2 47.What is Gratutity? 5.35 48.Write short note on PAN Page 15.24 49.Discuss the constitution and power of CBDT Page 15.2 50.Give any 10 example of income which are not exempted from tax? Page 4.2 51. Distinguish between RPf and URPF Page 5.8 and 5.9 52.Explain the various power of assessing Page 15.6

53. what are provision regarding expenditure on scientific research? Page 7.14 54.State the amount of deduction in respect of rent paid u/s 80GG Page.13.11 55. Explain the procedure of calculating deduction u/s 80G Page 13.9 56.How the income of the partners is treated? Page 14.78 57.State the amount deduction u/s 80D Page 13.7 58.How to treat depreciable assets which calculating capital gain 59.Explain various kinds of securities. Page 9.9 60. explain any 10 item excempted from income u/s 10 Page 4.1 61.What you mean Allowance? Give fully exempted allowance Page 5.11 62.Explain due dates for filling up return of Income. Page 15.19