mba-3-sem-tax-planning-and-management-march-2014

mba-3-sem-tax-planning-and-management-march-2014

Master of Business Administration (MBA) Examination

Ill Semester

(Tax Planning and Management)

Time : 3 Hours]                                                                                               [Max. Marks : 80


Section A

1.         What are the different categories of assesses according to their residential status? How would you determine the status of an individual?

2.         Explain the permissible deduction in computing income under the head salav.

3.         Distingue between short-term capital gain and long-term capital gain.

4.         Explain w impact of Bad debts and Recovery of bad debts while computing come from business.

5.         Write shirt note on:

(a)        Tax planning

(b)        Leave Encashment

Section B

6.         Shrivasthava qualified engineer furnishes the following particulars of his income.

Compute taxable income.

a)                  GTI-                                                                                                   Rs 900000

b)                  Contribution to RPF-                                                                        Rs 50000

c)                  LIC premium paid-                                                                            Rs 25000

d)                 Deposited in NSS scheme-                                                                Rs 50000

e)                  Medical insurance premium paid through cheque-                            Rs 15000

f)                   Donation given to PMNRF-                                                              Rs 50000

g)                  Donation given to PMDRF-                                                              Rs 50000

h)                  Donation given to GHMC for promotion of family planning-         Rs 100000