Visvesvaraya Technological University (VTU) 2007 M.B.A 05FM428 - TAX MANAGEMENT MODEL – I I - Question Paper

FOURTH SEMESTER M.B.A MODEL ques. PAPER – I I
MASTER OF BUSINESS ADMINISTRATION
05MBAFM428 - TAX MANAGEMENT
ans any 5 full questions, ques. NO.8 is compulsory
All ques. carry equal marks MAX MARKS: 100
1. (a) Distinguish ranging from maximum marginal rate and the avg. rate of IT (3 Marks)
(b) “Income tax is a tax on income and not on receipt” comment with essential characteristics of
the term Income (7 Marks)
(c) issue on residential status and incidence of tax (10 Marks)
2. (a) Distinguish ranging from short-term capital gain and long-term capital gain (3 Marks)
(b) Write a short note on (7 Marks)
i. Carry forward and set off of speculation loss.
ii. Carry forward and set of capital loss.
(c) issue on capital gain (10 Marks)
3. (a) Distinguish ranging from tax evasion and tax avoidance (3 Marks)
(b) issue on taxable salary (7 Marks)
(c) Write a note on RPF and PPF (10 Marks)
4. (a) State any six items includable under the head income from other sources. (3 Marks)
(b) Enumerate and define any seven items which are exempt from charge of IT(7 Marks)
(c) issue on Partner ship firm (10 Marks)
5. (a) elaborate declared goods under part 14 of KST act? (3 Marks)
(b) discuss the basis for evaluation of excise duty (7 Marks)
(c) Discus the nature of custom duty levied under customs act 1962 (10 Marks)
6. (a) What is relief U/s 89(1) and rule 21A? (3 Marks)
(b) Write a note on (7 Marks)
i. VAT, ii. Carry forward of business losses
(c) issue on income from salary (10 Marks)
7. (a) discuss the permissible deduction in computing income under the head salary (5 Marks)
(b) issue on calculation of professional income (15 Marks)
8. Case study from the module 3, 4, six (20 Marks)

Earning:   Approval pending.