Scribd Logo
Upload

Welcome to Scribd!

  • 5 views

    Term End Examination, 2017-18 Corporate Tax Planning and Management

    Uploaded by

    Sonal Chandra

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd

    Term End Examination, 2017-18 Corporate Tax Planning and Management

    Uploaded by

    Sonal Chandra
    5 views7 pages

    Original Title

    4040

    Copyright

    © © All Rights Reserved

    Available Formats

    PDF, TXT or read online from Scribd

    Did you find this document useful?

    Is this content inappropriate?

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    5 views7 pages

    Term End Examination, 2017-18 Corporate Tax Planning and Management

    Uploaded by

    Sonal Chandra

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    of 7

    *AF-4040*

    AF-4040
    B.Com. (Part - III)
    Term End Examination, 2017-18

    Corporate Tax Planning


    and Management

    Time : Three Hours] [Maximum Marks : 75

    ÙôÅU Ñ âÖè ÂýàÙæ𴠷𤠩UîæÚU ÎèçÁ°Ð âÖè ÂýàÙæ𴠷𤠥¢·¤
    â×æÙ ãñ´UÐ
    Note : Answer all questions. All questions carry equal
    marks.

    §·¤æ§ü / Unit-I
    1. ï·¤ÚU çÙØôÁÙ ç·¤âð ·¤ãUÌð ãñ´U? §â·¤è ¥æßàØ·¤Ìæ
    @Øô´ ãñU?
    What do you mean by Tax Planning ? Why is
    it necessary ?

    ¥Íßæ / OR
    ·¤ÚU çÙØôÁÙ ·¤è â×SØæ¥ô´ ·¤æ ߇æüÙ ·¤èçÁ°Ð
    Describe the problems of Tax Planning.

    464_BSP_(7) (Turn Over)


    (2)

    §·¤æ§ü / Unit-II
    2. â¢Øé@Ì S·¢¤Ï ·¤`ÂçÙØô´ ·ð¤ ·¤ÚU-çÙÏæüÚU‡æ ·ð¤ â`Õ‹Ï
    ×ð´ Âý×é¹ çßàæðáÌæ°¡ @Øæ ãñ´U?
    What are the salient features of assessment of
    joint stock companies ?

    ¥Íßæ / OR
    °·¤ Îðàæè ·¤`ÂÙè çÁâ×ð´ ÁÙÌæ ·¤æ âæÚUßæÙ çãUÌ
    ãñU, xv ×æ¿ü, w®v| ·¤ô â×æŒÌ ãUôÙð ßæÜð »Ìßáü
    ·¤è ¥æØ ·¤æ çÙ`Ù çßßÚU‡æ ÂýSÌéÌ ·¤ÚUÌè ãñU Ñ
    G
    (a) Âé‡ØæÍü ¥Ùé×ôçÎÌ â¢SÍæ ·¤ô
    çΰ ÎæÙ ·¤ô ƒæÅUæÙð ·ð¤ ÕæÎ
    ÃØæÂæÚU ·ð¤ ÜæÖ v,~®,®®®
    (b) Âé‡ØæÍü â¢BØæ ·¤ô ¿ñ·¤ mæÚUæ ÎæÙ x®,®®®
    (c) âÚU·¤æÚUè ÂýçÌÖêçÌØô´ ÂÚU µØæÁ v®,®®®
    (d) °·¤ Îðàæè ·¤`ÂÙè âð ÜæÖæ¢àæ (â·¤Ü) {®,®®®
    (e) Îèƒæü·¤æÜèÙ Âê¡Áè ÜæÖ z®,®®®
    (f) ÏæÚUæ vvz-JB ·ð¤ ¥¢Ì»üÌ ÂéSÌ·¤èØ
    ÜæÖ },®®,®®®
    ·¤`ÂÙè Ùð çßîæèØ ßáü w®v{-v| ×ð´ G vz,®®® ÖæÚUÌèØ
    ¥õlôç»·¤ çß·¤æâ Õñ´·¤ ×ð´ Á×æ ·¤ÚUæØðÐ ·¤`ÂÙè Ùð
    { çÎâ`ÕÚU, w®v{ ·¤ô G v,®®,®®® ·¤æ â·¤Ü ÜæÖæ¢àæ
    464_BSP_(7) (Continued)
    (3)
    ``
    çßÌçÚUÌ ç·¤ØæÐ ·¤`ÂÙè ·¤è ·¤ÚU-çÙÏæüÚU‡æ ßáü w®v|-v}
    ·ð¤ çÜ° ·¤ÚU Øô‚Ø ¥æØ ÌÍæ ÎðØ ¥æØ·¤ÚU ·¤è »‡æÙæ
    ·¤èçÁ°Ð
    A domestic company in which public are
    substantially interested submits the following
    particulars of its income of the previous year
    ending on 31st March, 2017 :
    G
    (a) Profit of business after
    deduction of donation given
    to approved charitable
    institution 1,90,000
    (b) Donation to charitable
    institution by cheque 30,000
    (c) Interest on Government
    Securities 10,000
    (d) Dividend from a domestic
    company (gross) 60,000
    (e) Long-term capital gain 50,000
    (f) Book profit U/S 115-JB 8,00,000
    During the Financial Year 2016-17 the
    company deposited G 15,000 in Industrial
    Development Bank of India. The company
    distributed a gross dividend of G 1,00,000 on
    December 6, 2016. Compute the taxable
    income of the company and tax payable by it
    for the Assessment Year 2017-18.

    464_BSP_(7) (Turn Over)


    (4)

    §·¤æ§ü / Unit-III
    3. ÒÒ·¤ÚU ÎæçØˆß ·ð¤ ÎëçcÅU·¤ô‡æ âð âÎñß ØãU ¥‘ÀUæ ãñU
    ç·¤ °·¤ ·¤`ÂÙè ·¤è ¥Âðÿææ âæÛæðÎæÚUè Ȥ×ü ÕÙæ§ü
    Áæ°ÐÓÓ @Øæ ¥æ §â ·¤ÍÙ âð âãU×Ì ãñ´U? ØçÎ
    ÙãUè´, Ìô °·¤ °ðâè ÂçÚUçSÍçÌ ÕÌæ§Øð çÁâ×ð´ ·¤ÚU
    ÎæçØˆß ·ð¤ ÎëçcÅU·¤ô‡æ âð °·¤ âæÛæðÎæÚUè Ȥ×ü ·¤è
    ¥Âðÿææ ·¤`ÂÙè ÕÙæÙæ ÜæÖÎæØ·¤ ãUô»æÐ
    “From Tax point of view it is always better
    to form a partnership firm and not a
    company.” Do you agree with this statement ?
    If not, enumerate a case where formation of
    a company is economical from tax point of
    view as compared to a partnership firm.

    ¥Íßæ / OR
    Ÿæè ÚUæ× °·¤ Âæ˜æ ÃØßâæØ ¥æÚU`Ö ·¤ÚUÙæ ¿æãUÌð
    ãñ´UÐ ÏæÚUæ yyAD °ß¢ çÙ`Ù âê¿Ùæ¥ô´ ·¤ô ŠØæÙ ×ð´
    ÚU¹Ìð ãéU° ©U‹ãð´U âÜæãU ÎèçÁ° ç·¤ ßãU ÃØæÂæÚU
    °·¤Ü ÃØæÂæÚUè ·ð¤ M¤Â ×ð´ ¥Íßæ âæÛæðÎæÚUè ·ð¤ M¤Â
    ×ð´ àæéM¤ ·¤Úð´U Ñ
    (a) çßîæ ßáü w®v|-v} ·¤è ¥Ùé×æçÙÌ çß·ý¤è
    G ~®,®®,®®®Ð
    (b) ÏæÚUæ yyAD ·ð¤ ¥‹Ì»üÌ ¥Ùé×æçÙÌ ¥æØ
    G |,w®,®®®Ð

    464_BSP_(7) (Continued)
    (5)

    (c) ØçÎ ßãU ÃØæÂæÚU °·¤Ü ÃØæÂæÚU ·ð¤ M¤Â ×ð´


    ·¤ÚUÌð ãñ´U Ìô Âé˜æ ·¤ô G v®,®®® ×æçâ·¤ ßðÌÙ
    Îð´»ðÐ
    (d) ØçÎ ÃØæÂæÚU âæÛæðÎæÚUè Ȥ×ü ·ð¤ M¤Â ×ð´ ·¤ÚUÌð ãñ´U
    Ìô ÎôÙô âæÛæðÎæÚUô´ (ÚUæ× °ß¢ Âé˜æ) ·¤ô
    G v®,®®® ×æçâ·¤ ÂýˆØð·¤ ·¤ô ßðÌÙ ç×Üð»æÐ
    (e) ÃØæÂæÚU ·¤è Âê¡Áè G x,®®,®®® ãUô»è Áæð ç·¤
    ÎôÙæð´ ÕÚUæÕÚU-ÕÚUæÕÚU Îð´»ðÐ
    (f) Ȥ×ü âæÛæðÎæÚUô´ ·¤ô Âê¡Áè ÂÚU vw' µØæÁ Îð»èÐ
    Mr. Ram wants to start a eligible business.
    Keeping in view the provisions of Section
    44AD and the following information suggest
    him whether he should run the business as a
    sole proprietory concern or a partnership firm :
    (a) Estimated sales for the Financial Year
    2017-18 G 90,00,000.
    (b) Estimated profit U/S 44AD G 7,20,000.
    (c) If he runs the business as a sole
    proprietory concern than he will pay
    G 10,000 p.m. as salary to his son.
    (d) If he runs the business as a partnership firm
    both the partners (Ram and his son) will
    receive salary G 10,000 per month each.
    (e) Capital of the business will be G 3,00,000
    contributed equally.
    (f) The firm will pay interest on capital
    @ 12% to the partners.

    464_BSP_(7) (Turn Over)


    (6)

    §·¤æ§ü / Unit-IV
    4. çßàæðá ·¤ÚU ÂýæßÏæÙ @Øæ ãñ´U ? çÙØæüÌ·¤ô´ ·ð¤ çÜ°
    ·¤ÚU ÜæÖÎæØ·¤Ìæ ·¤è ¿¿æü ·¤èçÁ°Ð
    What are the special tax provisions ? Discuss
    the tax incentives for exporters.

    ¥Íßæ / OR
    çÙ`ÙçÜç¹Ì ÂÚU â¢çÿæŒÌ çÅUŒÂç‡æØæ¡ çÜç¹° Ñ
    (a) SßÌ¢˜æ ÃØæÂæÚU ÿæð˜æ ·ð¤ â`Õ‹Ï ×ð´ ·¤ÚU ÂýæßÏæÙ
    (b) çÂÀUǸðU ÿæð˜æ ·ð¤ â`Õ‹Ï ×ð´ ·¤ÚU ÂýæßÏæÙ
    Write short notes on the following :
    (a) Tax provision in respect of free trade
    zone
    (b) Tax provisions in respect of backward
    areas

    §·¤æ§ü / Unit-V
    5. ßð Öé»ÌæÙ ·¤õÙ âð ãñ´U çÁÙ×ð´ ©UÎ÷»× SÍæÙ ÂÚU ·¤ÚU
    ·¤æÅUæ ÁæÌæ ãñU?
    What are those payments on which tax is
    deducted at source ?

    ¥Íßæ / OR

    464_BSP_(7) (Continued)
    (7)

    ¿é·¤æ° »° ·¤ÚU ·¤è ßæÂâè ÜðÙð ·ð¤ çÜ° ·¤æØüçßçÏ


    ·¤æ ߇æüÙ ·¤èçÁ°Ð ßð ·¤õÙ-âè ÂçÚUçSÍçÌØæ¡ ÌÍæ
    âè×æ°¡ ãñ´U çÁٷ𤠥‹Ì»üÌ °ðâè ×梻 Sßè·¤æÚU ·¤è
    ÁæÌè ãñU?
    Describe the procedure for obtaining refund
    of tax already paid. What are the
    circumstances and limitations under which
    such a claim is allowed ?
    ———

    464_BSP_(7) 220

    You might also like