FINAL YEAR B.Com. DEGREE EXAMINATION,
PART III – COMMERECE
PAPER XIII – INCOME TAX
TIME: THREE HOURS MAXIMUM: 80MARKS
Answer any ten questions. Each question carries 1 mark.
1. What is the previous year of a newly started business?
2. What are the different categories to which an individual is divided with regard to Residence?
3. Who is representative assessee?
4. Is allowance granted to meet hostel expenses of children exempt from tax?