Direct Tax Planning, Question Paper of MBA (FM) 3rd-4th Semester,Download Previous Years Question Paper 2

Roll No..................

Total No of Questions : 07]

MBA (Sem.-3^rd/4^th )

DIRECT TAX PLANNING

SUBJECT CODE : MB – 514/MB-624

Paper ID : [MB624]

[Note : Please fill subject code and paper ID on OMR]

Time : 03 Hours

Maximum Marks

Instruction to Candidates:

1) Section - A is Compulsory.

2) Attempt any Four questions from Section - B.

Section - A

QI)

a) Who is assessee in default?

b) What is a casual income?

c) What is deemed income?

d) Explain the deduction u/s 80 D?

e) What is security transaction tax?

f) What is net annual value (NAV)?

g) What is a long-term capital gain?

h) How is the income of a self-occupied house property computed?

i) How the deduction of patents and copyrights given from business income?

j) What is double taxation?

Section - B

Q2) Define tax planning? How a salaried person can plan his or her tax?

Q3) What is clubbing up of income? In which cases the income of the other person can be included in the income of an individual?

Q4) What is the meaning of residential status? How is it determined in case of an individual?

Q5) Which deduction is given u/s 80 G? Give the provisions for determining the quailing amount and the rates of deduction?

Q6) What is TDS? What are the provisions for deduction of tax at source frorn various incomes?

Q7) What is meant by inter-corporate dividend? How is it taxed?