T. Y. B. Com. Direct Taxes Semester V Question Bank

 

 

T.Y.B.Com

Question Bank of

DIT (SEM V)

 

Q.1    Define Assessment year.

 

Q.2    Define Person.

 

Q.3    Define Previous year.

 

Q4     Explain Conditions Regarding Residential status:

 

Q5     Describe any seven exemptions u/s. 10 of Income

Tax Act, 1961  

 

Q6     Explain Perquisites

 

Q7       Explain Deductions from Salary Income

 

Q8     Write a note on Gratuity

 

Q9     Explain Computation of Gross Annual Value

 

Q10   Explain Computation of Net Annual Value

 

Q11   Explain Deductions Under Section 24

 

Q12   write note on Self Occupied property Deemed to be let out    

 

Q13    Explain Deductions Allowed from Income from Business or Profession

 

Q14    Define Capital Assets 

 

Q15   Explain Short term capital asset and Long term capital asset

Q16   Explain any eight items of Income from other sources

 

Q17    Explain Deductions Allowable while computing ‘Income from Other Sources

 

Q18   Explain Deduction in respect of Savings (Section 80C)

 

Q19   Explain Maintenance of Handicapped Dependent U/s 80 DD

 

Q20   Explain Deduction in respect of Medical Insurance Premium [u/s. 80D] 

 

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