ASSIGNMENT

DRIVE SPRING 2017

PROGRAM BBA
SEMESTER V
SUBJECT CODE & BBA 504 &
NAME TAXATION MANAGEMENT
BK ID B1852
CREDITS 2
MARKS 30

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

1 Write notes on :
a) Tax Treatment of Income.
b) Capital Expenses vs. Revenue Expenses.
c) Fringe Benefit Tax.

A a) Tax Treatment of Income. 3 10

b) Capital Expenses vs. Revenue Expenses. 3
c) Fringe Benefit Tax. 4

2 A) Raj was born in Karachi on January 2,1947. He has been staying in USA since 1986.He comes to
India on a visit of 200 days on October 10,2014. Determine the residential status of Mr Raj for the
assessment year 2015-16.
B) Discuss the advantages of VAT over Sales tax.
A A)Determine the residential status of Mr Raj. 5 10

B)Discuss the advantages of VAT over Sales tax. 5

3 Section 48 of the Income-tax Act, 1961 discusses the methods of computation of short term
and long term capital gains. Enumerate with examples.

A Discuss the methods of computation of Short term and Long term 10 10

Capital Gains under Section 48 of the Income-tax Act, 1961 with
examples