T.Y.B.Com. DIT Semester V Question Bank

 

 

T.Y.B.Com

Question Bank of

DIT (SEM V)

 

Q1        Define Assessment year and person.

Q2       Define Previous year.

Q3       Explain Conditions Regarding Residential status.         

Q4       Describe any seven exemptions u/s. 10 of Income

Tax Act, 1961  

Q5       Explain Perquisites. State eight items of tax free perquisites

Q6       Explain Deductions from Salary Income

Q7       Write a Depreciation provision u/s 32.

Q8       Write short note on Annual Value of Property

Q10      Explain Deductions Under Section 24

Q11      write note on Self Occupied property Deemed to be let out    

Q12      Explain Deductions Allowed from Income from Business or Profession

Q13      Define Capital Assets 

Q14      Explain Short term capital asset and Long term capital asset

Q15      Explain any eight items of Income from other sources

Q16      Explain Deductions Allowable while computing ‘Income from Other Sources

Q17      Explain Deduction in respect of Savings (Section 80C)

Q18      Explain Maintenance of Handicapped Dependent U/s 80 DD

Q19      Explain Deduction in respect of Medical Insurance Premium [u/s. 80D]

Q20.    Write note on Computation of Pension.

Q21.     Write note on Deduction u/s 80U 

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