Scribd
Upload
20 views2 pages

Mba-E307 GR

Uploaded by

Nikita Chauhan
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
20 views2 pages

Mba-E307 GR

Uploaded by

Nikita Chauhan
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
You are on page 1/ 2

Golden Repeat PAPER CODE: MBA E 307

SEMESTER EXAMINATION (OCT 2023)


CLASS: MBA /MBE SEMESTER IV
PAPER TITLE: TAXATION

Time: 3 hour Max. Marks: 70

Note: Question Paper is divided into two sections: A and B. Attempt both the sections as per
given instructions.

SECTION-A (SHORT ANSWER TYPE QUESTIONS)


Instructions: Answer any five questions in about 150 words each. Each question carries six
marks. (5 X 6 = 30 Marks)

Question-1: What is the direct tax code bill 2009?

Question-2: What is the basic concept of Income Tax Act?

Question-3: What is the difference between tax planning tax management and tax avoidance?

Question-4: Dr. Manikandan was appointed as manager of a private Ltd. Co. on 1-1-2017 in
the grade of Rs.17,400 – 300 – 25,000 at a basic pay of Rs.17,400 p.m. Compute his salary
income for the previous year 2019-20 if (a) Salary is due on 1st of every month, (b) Salary is
due on last date of every month.

Question-5: How to file ITR online step by step?

Question-6: Mr. Kohli, a citizen of India, is an export manager of Arjun Overseas Limited, an
Indian Company, since 1.5.2015. He has been regularly going to USA for export promotion.
He spent the following days in U.S.A. for the last five years: Previous year ended No. of days
spent in USA 31.3.2016 317 days 31.3.2017 150 days 31.3.2018 271 days 31.3.2019 311
days 31.3.2020 294 days Determine his residential status for assessment year 2020-2021
assuming that prior to 1.5.2015 he had never travelled abroad.

Question-7: What is exemption under income from other sources?

Question-8: Who will levy GST?

Question-9: Does capital gains come under income from other sources?

Question-10: Is GST charged on supply?


PAGE 1 OF 2
MBA E 307
SECTION-B (LONG ANSWER TYPE QUESTIONS)

Instructions: Answer any four questions in detail. Each question carries 10 marks.
(4 X 10 = 40 Marks)

Question-1: What is double taxation in corporate tax planning? What are the techniques of
corporate tax planning?

Question-2: From the figures given below Calculate Gross Annual Value (GAV)
Rental value A (Rs.) B (Rs.) C (Rs.) D (Rs.)
MRV 60,000 48,000 36,000 96,000
FRV 75,000 60,000 45,000 1,16,000
Real Rent 69,000 54,000 40,000 1,20,000
Standard Rent N.A 72,000 42,000 1,15,000

Question-3: How much tax do any individual pay on 12 lakh p.a. , according to new tax slabs
in India?

Question-4: What is tax planning amalgamation? What are the tax issues relating to
amalgamation?

Question-5: What is the meaning of GST? What are the five types of GST rate?

Question-6: What are SGST, CGST, UTGST & IGST?

Question-7: Explain the concepts of assessment year and previous year in income tax. When
can previous year and assessment year be same?

Question-8: Sri Rathore gives you the following particulars from his books of account.
Compute his Taxable Business Income for the year ending 31.3.2019 Net profit as per Profit
and Loss A/C (Before charging the following) Rs. 5,75,000 Expenditure on Family planning
Rs. 45,000 Lump-sum payment made for Technical know-how Rs 90,000 Entertainment
expenditure Rs. 30,000 Expenditure on acquiring Patent-Right Rs. 84,000 Expenditure on
advertisement – Paid in Cash Rs. 18,000 Amount paid to Rajasthan University for an
approved Research Programme in Social Sciences not connected with his business Rs. 20,000
Provision for Excise duty (He paid only Rs 20,000 before filing I.T. return) Rs 45,000.

PAGE 2 OF 2
MBA E 307

You might also like