M.Com Taxation Important Questions – Manonmaniam Sundaranar University 2nd Year 3rd Semester November 2026

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Are you preparing for the Manonmaniam Sundaranar University M.Com 2nd Year 3rd Semester Taxation November 2026 Semester Examination? Here is a comprehensive collection of important questions to help you prepare effectively for your upcoming university examination.

This question bank covers Part A (1 Mark), Part B (5 Marks) and Part C (8 Marks), including frequently repeated questions, important theory topics, numerical problems and unit-wise examination preparation strategies.

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PART A – 1 MARK IMPORTANT QUESTIONS

Prepare the following definitions, abbreviations and short-answer topics. These topics have been repeatedly asked in previous examinations.

Important Topics – All Units

1. Tax evasion vs tax avoidance vs tax planning – definitions.
2. PAN and ITR forms.
3. Revised return and belated return.
4. Assessment under Section 143(3) (regular assessment).
5. Section 80P relating to cooperative societies.
6. Section 80G and Section 80E.
7. Agricultural income – rent from agricultural land as agricultural income.
8. Bilateral relief and Double Taxation Avoidance Agreement (DTAA).
9. Section 90A – agreements and specified associations, as covered in the prescribed syllabus.
10. Sections 90B/90C – specified associations, as covered in the prescribed syllabus.
11. GAAR as an anti-avoidance measure.
12. Equalisation Levy – online advertisements and digital platforms.
13. CGST rate notification by the Central Government on GST Council recommendations.
14. IGST on inter-state supplies and imports.
15. Functions of the GST Council in recommending tax rates.
16. Consequences and penalties for not registering under GST.
17. Debit note and credit note.
18. Tax invoice and Input Tax Credit (ITC).
19. Bill of Entry under Customs Act.
20. Transaction value and assessable value.
21. Prohibited goods.
22. Residual or fallback method of customs valuation.
23. Problems caused by high customs duties, including smuggling.

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PART B – 5 MARK IMPORTANT QUESTIONS

The following questions are important for short essay answers and practical problems. Give special attention to Unit I numerical problems.

UNIT I – INCOME TAX

Important Numerical Problems and Theory Questions

1. Compute the tax liability of an AOP and its members. This question was asked in November 2024 and April 2025.
2. Compute net agricultural income using the given items such as rent, sale of produce, land tax, seeds and irrigation expenses.
3. Compute total income after Section 80G donations – 100% and 50% donations, with or without a qualifying limit.
4. Compute the book profit and total income of a firm, considering partners' salary, interest and commission limits under Section 40(b).
5. Compute a company's total income and tax liability with MAT and book profit comparison.
6. Explain the term Association of Persons (AOP) and the assessment of firms.
7. Compute the separate agricultural and non-agricultural income of a sugar factory under Rule 7A.

UNIT II – TAX PLANNING AND ASSESSMENT

1. Explain the limitations of tax planning.
2. Explain the procedure for computing advance tax and the due dates for different assessees.
3. Explain the purpose of PAN and the concept of TDS with an example.
4. Explain the statutory obligation to file an income-tax return, time for filing and consequences of non-payment.

UNIT III – INTERNATIONAL TAXATION

1. Explain the taxation of NRIs, including provisions and categories.
2. Explain the deductions available to a non-resident under Section 80, subject to applicable conditions.
3. Explain the objectives of DTAA and the relief measures for double taxation.

UNIT IV – GOODS AND SERVICES TAX

1. Explain the types of GST registration and documents required for registration.
2. Explain the different types of GST assessment.
3. Explain anti-profiteering with an example or case study related to Input Tax Credit.
4. Explain the objectives of GST.
5. Differentiate between debit notes and credit notes.

UNIT V – CUSTOMS DUTY

1. Explain the significance and importance of customs duty. This topic has appeared in almost every sitting.
2. Explain the role of the Customs Act in preventing illegal trade.
3. Compute assessable value and customs duty payable on imported goods. The numerical appeared in November 2026.
4. Explain the objectives and importance of the Customs Act.

Important Customs Duty Numerical Format

Practise the following calculation format:

Step 1 – Assessable Value

FOB + Freight + Insurance + Commission + Packing + Loading/Handling charges, where includible = Assessable Value.

Step 2 – Basic Customs Duty

BCD = Assessable Value × Applicable BCD Rate.

Step 3 – Social Welfare Surcharge

SWS = 10% of BCD, where the stated rate applies.

Step 4 – IGST

IGST = 18% of (Assessable Value + BCD + SWS), where the stated rate applies.

Step 5 – Total Customs Duty

Add the applicable duties and taxes to calculate the total customs duty payable.

Note: These rates represent the supplied practice format. Always verify the applicable customs tariff, valuation rules and notifications for the particular problem.

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PART C – 8 MARK IMPORTANT QUESTIONS

The following long-answer questions are important for detailed preparation. Students should prepare suitable introductions, definitions, provisions, explanations, examples and conclusions.

UNIT I – INCOME TAX

1. Explain the provisions of Section 80G. This topic appeared in 3 out of 4 papers and is a very high-priority topic.
2. Explain the tax exemptions for agricultural income, including income from land situated in India and outside India, and the different forms of agricultural income.
3. Explain Section 80P and the assessment of a cooperative society.
4. Differentiate between the assessment of a firm, an AOP/BOI and a company.

UNIT II – TAX PLANNING AND ASSESSMENT

1. Differentiate between tax planning, tax avoidance and tax evasion. This topic has appeared in nearly every paper.
2. Explain the difference between an updated return and a revised return.
3. Explain the documents and conditions required to avoid filing a defective return.
4. Explain the different types of assessment, including the meaning of assessment.
5. Explain the importance of filing a return within the prescribed time and the penalty for failure.
6. Explain payment in pursuance of an order of the Assessing Officer and the consequences of non-payment.

UNIT III – INTERNATIONAL TAXATION

1. Explain double taxation relief, its causes and problems, and differentiate between unilateral and bilateral relief.
2. Explain Equalisation Levy. This is a high-priority topic that appeared in four papers.
3. Explain GAAR, transfer pricing, arm's length price methods and the application and interpretation of tax treaties.
4. Explain income-tax provisions applicable to NRIs.

UNIT IV – GOODS AND SERVICES TAX

1. Explain the steps and procedure for GST registration.
2. Explain the different types of GST assessment: self-assessment, provisional assessment, scrutiny assessment, best judgement assessment and assessment in special cases.
3. Differentiate between IGST and CGST and explain the slab rates of IGST, CGST, SGST and UTGST.
4. Explain Input Tax Credit, including its conditions, restrictions and significance.
5. Explain the different types of GST returns and the payment of GST with the consequences of non-payment.

UNIT V – CUSTOMS DUTY

1. Explain the different types of customs duty, including Basic Customs Duty, CVD, SAD, Protective Duty and Anti-Dumping Duty.
2. Explain the goods prohibited from import and export.
3. Explain the valuation of goods, including transaction value, assessable value and computation of customs duty.
4. Explain the classification of goods and duty under the Customs Act and differentiate between excise duty and customs duty.

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QUICK EXAM PREPARATION STRATEGY

1. Must-Prepare Topics – Very High Priority

Students should give special attention to the following topics:

• Section 80G.
• Agricultural income.
• Tax planning, tax avoidance and tax evasion.
• Equalisation Levy.
• Double taxation relief.
• GST registration.
• Types of GST assessment.
• Types of customs duty.
• Customs valuation and prohibited goods.

2. Practise Important Numerical Problems

Practise the following numerical problems thoroughly:

1. AOP tax liability.
2. Section 80G deductions.
3. Agricultural income computation.
4. Partnership firm book profit.
5. Company total income and tax liability.
6. Customs duty computation.

Each of these topics may carry 5–8 marks. Practise the appropriate calculation format, formulas and working notes.

3. Check Tax Rates and Limits

Tax rates, deductions, exemptions and statutory limits can change through Finance Acts and other amendments. Check your prescribed textbook and university syllabus for the applicable version before finalising numerical answers.

4. Prepare All Five Units

Do not depend entirely on predicted questions. Prepare all five units and revise definitions, short answers, long answers and numerical problems.

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FINAL WORDS

We hope these Manonmaniam Sundaranar University M.Com 2nd Year 3rd Semester Taxation Important Questions for November 2026 will help students prepare effectively for their semester examinations.

Concentrate on frequently repeated questions, practise numerical problems and revise all five units before the examination.

All the best for your November 2026 semester examinations!

EDUCATIONAL DISCLAIMER

This article is prepared for educational and examination revision purposes based on the supplied important-question topics and previous examination patterns. These are suggested questions and are not official or guaranteed university examination questions. Tax provisions, section references, rates and limits may change. Students should follow the prescribed Manonmaniam Sundaranar University syllabus, textbooks and applicable amendments. This article does not constitute professional tax or legal advice.

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