Nalanda Open University 2010 M.Com Commerce Master of Part–II, –X (Corporate Tax Planning & Management) Annual , - Question Paper

Master of Commerce Part–II, Paper–X (Corporate Tax Planning & Management) Annual Examination, 2010

NALANDA OPEN UNIVERSITY Master of Commerce Part-II, Paper-X (Corporate Tax Planning & Management)

Annual Examination, 2010 Full Marks : 80    Time : 3 Hours.

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A nsver any Five Questions. All questions carry equal marks.

1.    cj>? EtifcH tpT <PTT    SpfrfcT SITcl cfTH cTrcTT <f>T    |

What is meant by tax management ? Point out the elements to be covered within it.

2.    #FRT OTWt^? efFTTT am WT *1 JR-RiJluH eft cZfRIT c&ftrc; |

What is Bonus Share ? Explain tax-planning regarding bonus share.

3.    <f> fRW 3T8J3T <F> fatPcTT ftbtl) 3>T *7 TPTO <P7 THTtff fT tTTcTT 3>T 3TTO *ZTFT *1 'si'ii ^?

What tax considerations would you like to take into account while making a choice betw een the two options of'Make or Buy' ?

4.    PlHlfd *T if ft    fcHRdk[:

Write notes on any Two of the following

(a) Pfcl PlVta ?Ht (Cancellation of Deductions).

(I))    ftlril TT 1 3T1 T5RT 3 nc?l<fl (Deductions in respect of income

from international financial services).

(c)    anfcp $F3 foK? 3 (Exemption from tax for Special F.conomic Zone)

5.    3TRI<fR 3TfrfRR tf?T SJRT 1UB     ¹TR P fcTTJ    <T>T fT TRtf <J>T ^tTToFf tfWII ?

What Conditions should an assessee fulfil for getting exemptions under Sec. I OB of the Income Tax Act.

6.    to toht w to Wi# <r yntfr t⁷    % ?

tt A wsm m t3cri i On which payments tax is deducted at source ? Who is responsible for such deduction ? Point out the provision of penalty in case of default.

7.    srfim m    W\ Trfto    FTHT t ⁷ 37 xjTRTT ?    wn

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When does the liability to pay advance tax arise ? When it is paid ? Describe the procedure of its calculation and payment.

8.    PlHfaRsId A if tfwi fq-oft fcT% :

Write notes on any Two of the following :-

(a)     (Corporate Tax). (I)) cnr*ii>i (Dividend Tax).

(c) JfTC (Tax Avoidance).

9.    3knto wzm feTX?    ftptTFT         ajRgqr    I Explain the exemptions and deductions allowed to industrial enterprises under the Income Tax Act.

10.    cjdl ?Tl4<J> <Iit 3TRI    T7 I>7    7T TRlfIcT 3TRtJR 3TflfRPT 'gTcRJHi cj>t ot|Tjr I

Explain the provisions of Income Tax Act regarding deduction of tax at source from the Salar>^r Income.

Attachment: nalanda-open-university-2010-m-com-commerce-40899-1.gif

Earning:   Approval pending.