Punjab Technical University 2007 B.B.A CORPORATE TAXATION AND PLANNING - Question Paper

Roll No. ......................
Total No. of ques. : 13] [Total No. of Pages : 02
Paper ID [B0136]
(Please fill this Paper ID in OMR Sheet)
BBA (705) (S05) (Sem. - 5th/6th)

CORPORATE TAXATION AND PLANNING
Time : 03 Hours Maximum Marks : 75
Instruction to Candidates:
1) part -A is Compulsory.
2) Attempt any 9 ques. from part - B.

part - A
(15 × two = 30)
Q1)
a) What is assessee.
b) Minor.
c) Previous year.
d) Casual income.
e) Short term capital gains.
f) Income.
g) Profits in lieu of salary.
h) Pension.
i) Leave encashment.
j) Set off of losses.
k) Speculation gains.
l) Cost of acquisition.
m) Bond washing transactions.
n) Grossing up of interest.
o) Bonus shares.
J-8683[S-9700687] P.T.O.

part - B
(9 × five = 45)
Q2) What is the scope of income for resident, NOR and Non-resident assesses
as per the provisions of income tax legal regulations.
Q3) describe the head salary? How is various from the income salary?
Q4) elaborate the fringe benefits? List them?
Q5) What is a perquisite? Which are the taxable perquisites?
Q6) How is the annual value of a house determined?
Q7) elaborate the expressly allowed deductions out of business income?
Q8) What is indexing of cost of acquisition? How is it done?
Q9) What is the new method of computing depreciation?
Q10) Which is the deduction allowed under part 80 P?
Q11) How the tax can be planned on the basis of the location of an industry?
Q12) elaborate the provisions regarding the taxation of inter-corporate dividend?
Q13) Does the dividend policy of a company helps in tax planning? If yes, how?
Q
J-8683[S-9700687] 2

Earning:   Approval pending.