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    Approximately of 400 Words. Each Question Is Followed by Evaluation Scheme

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    Badder Danbad
    This document provides details of an assignment for the subject Taxation Management. It includes 6 questions related to topics in taxation. The questions cover objectives of tax planning, categories of capital assets and calculation of capital gains, considerations in capital structure planning and dividend policy, options for treatment of a non-functioning business unit for tax purposes, India's service tax law and exemptions, and concepts related to customs duty. The assignment is out of a total of 60 marks and provides evaluation criteria for answers to each question.

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    Approximately of 400 Words. Each Question Is Followed by Evaluation Scheme

    Uploaded by

    Badder Danbad
    40 views2 pages
    This document provides details of an assignment for the subject Taxation Management. It includes 6 questions related to topics in taxation. The questions cover objectives of tax planning, categories of capital assets and calculation of capital gains, considerations in capital structure planning and dividend policy, options for treatment of a non-functioning business unit for tax purposes, India's service tax law and exemptions, and concepts related to customs duty. The assignment is out of a total of 60 marks and provides evaluation criteria for answers to each question.

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    This document provides details of an assignment for the subject Taxation Management. It includes 6 questions related to topics in taxation. The questions cover objectives of tax planning, categories of capital assets and calculation of capital gains, considerations in capital structure planning and dividend policy, options for treatment of a non-functioning business unit for tax purposes, India's service tax law and exemptions, and concepts related to customs duty. The assignment is out of a total of 60 marks and provides evaluation criteria for answers to each question.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    40 views2 pages

    Approximately of 400 Words. Each Question Is Followed by Evaluation Scheme

    Uploaded by

    Badder Danbad
    This document provides details of an assignment for the subject Taxation Management. It includes 6 questions related to topics in taxation. The questions cover objectives of tax planning, categories of capital assets and calculation of capital gains, considerations in capital structure planning and dividend policy, options for treatment of a non-functioning business unit for tax purposes, India's service tax law and exemptions, and concepts related to customs duty. The assignment is out of a total of 60 marks and provides evaluation criteria for answers to each question.

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    ASSIGNMENT

    DRIVE Fall 2015


    PROGRAM MBADS (SEM 3/SEM 5)
    MBAFLEX/ MBA (SEM 3)
    PGDFMN (SEM 1)
    SUBJECT CODE &
    NAME
    MF0012 &
    TAXATION MANAGEMENT
    BK ID B1760
    CREDITS 4
    MARKS 60
    Note: Answer all questions. Kindly note that answers for 10 marks questions should be
    approximately of 400
    words. Each question is followed by evaluation scheme.

    Q.No Questions Marks Total


    Marks 1 Explain the objectives of tax planning. Discuss the factors to be
    considered in tax
    planning. Objectives of tax planning Factors in tax planning 5 10 2 Explain the
    categories in Capital assets. Mr. C acquired a plot of land on 15th June, 1993
    for Rs.10,00,000 and sold it on 5th January, 2010 for Rs.41,00,000. The expenses
    of transfer were Rs.1,00,000. Mr. C made the following investments on 4th
    February, 2010 from the proceeds of the plot. a) Bonds of Rural Electrification
    Corporation redeemable after a period of three years, Rs.12,00,000 b) Deposits
    under Capital Gain Scheme for purchase of a residential house Rs.8,00,000 (he
    does not own any house) Compute the capital gain chargeable to tax for the
    AY2010-11. Explanation of categories of capital assets Calculation of indexed
    cost of acquisition Calculation of long term capital gain Calculation of taxable
    long term capital gain 42 10 3 Explain major considerations in capital
    structure planning. Write about the dividend
    policy and factors affecting dividend decisions. Explanation of factors of
    capital structure planning Explanation of dividend policy Factors affecting
    dividend decisions 62 10 4 X Ltd. has Unit C which is not functioning
    satisfactorily. The following are the details
    of its fixed assets:
    Asset Date of
    acquisition
    Book value (`
    lakh) Land Goodwill (raised in books on 31 st March, 2005) Machinery Plant 10th
    February, 2003 5th April, 1999 12th April, 2004 30 10 40 20 The written down
    value (WDV) is ` 25 lakh for the machinery, and 15 lakh for the plant. The
    liabilities on this Unit on 31 st March, 2011 are 35 lakh. The following are two
    options as on 31 st March, 2011: Option 1: Slump sale to Y Ltd for a consideration
    of 85 lakh. Option 2: Individual sale of assets as follows: Land ` 48 lakh, goodwill
    ` 20 lakh, machinery 32 lakh, Plant 17 lakh. The other units derive taxable
    income and there is no carry forward of loss or depreciation for the company as a
    whole. Unit C was started on 1st January, 2005. Which option would you choose,

    and why? Computation of capital gain for both the options Computation of tax
    liability for both the options Conclusion 42 10 5 Explain the Service Tax Law
    in India and concept of negative list. Write about the
    exemptions and rebates in Service Tax Law. Explanation of Service Tax Law
    in India Explanation of concept of negative list Explanation of exemptions and
    rebates in Service Tax Law 523 10 6 What do you understand by customs
    duty? Explain the taxable events for imported,
    warehoused and exported goods. List down the types of duties in
    customs. An importer imports goods for subsequent sale in India at $10,000 on
    assessable value basis. Relevant exchange rate and rate of duty are as follows:
    Particulars Date
    Exchange
    Rate Declared
    by CBE&C
    Rate of
    Basic
    Customs
    Duty Date of submission of bill of entry 25th February, 2010 ` 45/$ 8% Date of
    entry inwards granted to the vessel 5th March, 2010 ` 49/$ 10% Calculate
    assessable value and customs duty. Meaning and explanation of customs duty
    Explanation of taxable events for imported, warehoused and exported goods
    Listing of duties in customs Calculation of assessable value and customs duty.
    2323 10

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