Veer Bahadur Singh Purvanchal University 2009-5th Sem B.B.A Business Administration .(ester) 2010 - Question Paper

Time : three Hours
Maximum Marks: 70
Subject-Business Taxation
Note: ans any 5 ques.. All ques. carry equal marks.

1.Define Tax and explain the objectives and importance of Tax.

2.Elaborate the concept of direct and indirect tax and also explain the impact of direct and indirect tax on business activities.

3.Write an explanatory note on Service-tax.

4.Critically examine the role of custom duty in international trade.

5.What do you understand by tax-liability? discuss the incidence of residence on tax liability.

6.What are the various categories of assessee according to their residential status? How is the residential status an assessee determined?

7.How would you determine the total incomr of H.U.F.? What incomes are not included in the total income of H.U.F.?

8.Explain the term 'book-profit' in relation to assessment of firms. How does it differ from the taxable income of the firms?

9.What are the salient features of taxation of company? explain in short the assessment procedure of a company under Income-tax Act,1961.

10.Write short note on any 2 of the following:
(a) Excise duty.
(b) VAT
(c) Fringe benefit tax
(d) Income-tax rates for companies.

Earning:   Approval pending.