2011 Question Paper,D.T.L. Examination,WEALTH TAX AND CENTRAL EXCISE ACT (Old Course) (Paper – III),University Of Pune Question Paper

University Of Pune Question Paper
D.T.L. Examination, 2011
WEALTH TAX AND CENTRAL EXCISE ACT
(Old Course) (Paper – III)
Time: 3 Hours Max. Marks: 100
N.B. : 1) All questions are compulsory.
2) Figures to the right indicate full marks.
1. A Resident Hindu Undivided Family has given the following information
about the assets and liabilities for the A.Y. 2010-11.
1) Karta transferred to his un-married minor daughter, a car and jewellery valued
on valuation date Rs. 4,00,000 on 10th Jan. 2010.
2) One house at Pune for residential purposes Rs. 17,14,000.
3) Motor cars valued at Rs. 7,35,000
4) Cash at bank Rs. 90,000
5) Jewellery Rs. 13,00,000
6) Debtors Rs. 1,95,000
7) Gold Deposit Bonds Rs. 15,00,000
Compute the Net wealth and Wealth Tax Liability.
OR
Define “assets”. Explain various assets u/s 2(ea) of the Wealth Tax Act. 15
2. What are the provisions regarding liability to assessment in special cases under
Wealth Tax Act ?
OR
Explain the provisions relating to assessment of escaped wealth. 15
3. What are the provisions relating penalties under Wealth Tax Act ?
OR
Discuss provisions regarding scope of liability to Wealth Tax under Wealth
Tax Act. 15
4. Write short notes on any three :
a) Assets of Indian Repatriate.
b) Valuation of jewellery
c) Valuation Date
d) Assessee. 15
5. Explain different types of Excise duties which are leviable under Central Excise
Act, 1944.
OR
Who are the persons required to get themselves to be registered under Central
Excise Act ? 20
6. Write short notes on any two of the following :
a) Deemed manufacture
b) Excisable goods
c) Valuation under MRP method.
d) Penalties under central Excise Act. 20
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