Management Programme

ASSIGNMENT
3rd SEMESTER 2012-13

COURSE CODE: MS 223

PAPER NAME: Corporate Tax Planning

ASSIGNMENT 1 Course Code Paper Name Coverage : : : MS - 223 Corporate Tax Planning

UNIT 1

Answer all the questions Max Marks

Q1. Define the following terms 1X5 i) Income ii) Previous Year iii) Person iv) Agricultural Income v) Non Resident Q2 Short Type Questions (200 Words) 2X5 i) Discuss the concept of Income .Explain Various Sources with Sections. ii) iii) iv) v) Explain Incidence of Income. Comment on Tax Incidence of Agricultural Income Comment Income earned in Previous Year is taxed in assessment year. Explain the term Person according to income tax act?

Q3 Long Type Question (2000 Words) 1X15 Describe Residential Status of an Individual in detail.

ASSIGNMENT 2 Course Code Paper Name Coverage : : : MS - 223 Corporate Tax Planning

UNIT 2

Answer all the questions Max Marks Q1. Define the following terms 1X5 i) Company ii) Salary iii) Capital Gain iv) Cost of Improvement v) Presumptive Taxation Q2 Short Type Questions (200 2X5 i) Explain Perquisites & its Types on basis of Taxability. ii) iii) iv) v) Discuss the essential steps of calculating Capital Gain. Describe expenses allowed for deduction under the head Income from Business & Profession. What is meant by Retirement Benefits Explain Income from House Property Words)

Q3 Long Type Question (2000 Words) 1X15

Explain Allowances under the head Income from Salary & their tax incidence.

ASSIGNMENT 3 Course Code Paper Name Coverage : : : MS - 223 Corporate Tax Planning

UNIT 3

Answer all the questions Max Marks

Q1. Define the following terms 1X5 i) Tax Avoidance ii) Tax Evasion iii) Lease iv) Capital Structure v) Merger Q2 2X5 i) Explain Tax Planning Undertaking with Reference to: Location of Short Type Questions (200 Words)

ii) iii) iv) v)

Explain Tax Planning concepts to be kept in mind at time of mergers of the company. Explain Tax Planning with Reference to type of activity undertaken by any organization. Explain Tax Planning concepts in relation to managerial remuneration. Explain term merger & Demerger according to act.

Q3 Long Type Question (2000 Words) 1X15 Compare & Contrast Tax planning, Evasion & Avoidance.

ASSIGNMENT 4 Course Code : MS - 223

Paper Name Coverage :

Corporate Tax Planning

UNIT 4

Answer all the questions Max Marks Q1. Define the following terms 1X5 i) Returns ii) Assessments iii) TDS iv) Advance Tax v) Appeals Q2 Short Type Questions (200 Words) 2X5 i) Explain various forms available for return filling, ii) Describe the term TDS .Is TDS & Tax collected at source are different or same. iii) Explain various penalties to be imposed under IT act. iv) Explain concept of appeals under IT Act. v) Describe Advance rulings & its applicability.

Q3 Long Type Question (2000 Words) 1X15 Describe provisions of Double Taxation Avoidance Agreement in detail.