DU SOL M.Com Question Paper 2nd Year 2018 Sem 4 Principles And Practice Of Taxation And Indian Tax System

[This question paper contains B printed pages]
Your RoIl No. :.....,.o,".",oooooooo...

Sl. No. of Q. paper : 4181 G
Unique Paper Code : T L4Z
Name of the Course : M.COhfr.
Name of the Paper : principles a.:nd practice
of Ta:ratiein and Indian
Tax System
Semester : IV (OC)
T"l.me : 3 Hours Mqximum foIo;rks : IAO
Instructions for Candidates :
(a) Write your Roll No. on the top immediately
on receipt of tJ:is question paFer.
(b) Attempt alt questions.
(c) AII questions carry equal marks"

1. Distinguish between direct taxes and indirect
taxes. Also state their relative importance for
an economy like India. 20
P.T.O.

OR
What is tax evasion? How widespread is tax
evasion in India? What could be consequences
of tax evasion for an economy like India ?
2. What do you understand by Elasticity of tax
system ? How it is different from buoyancy of
tax system ? Also state relative importance of
elastcity and buoyancy for a tax system.
20

OR

Explain progressive and regressive tax rate
structures, also state their relative importance
for efficiency aspect of taxation?
3. Explain the concept of transfer pricing and its
abuse ? Also state the role of Arm's length price
to prevent the abuse of transfer pricing.
20

OR
What are the advantages and disadvantages of
offering tax incentives in a country like India ?

4. What are the various methods of alleviating
international double taxation ? Also explain
the concept of Tax Treaty Shopping. 20

2

OR
What are the expected benefits of
implementing GST in India ?
Write notes on any two of the following :
LOx2=2Q
(a) Excess burden of taxation
{b) Benefit principle of tacation
(c) Costs associated with taxation
(d) Vertical and Horizontal Equity

3 100