2.Explain the process of tax payment. A Explanation of whole process of tax payment through: Individuals Partnerships Companies
3.Write short notes on:
Capital gain
Cost of acquisition
Cost of improvement
Expenditure on transfer
Transfer
A
Each short note carries 2 marks each-(5*2= 10 marks)
4
Explain the computations of Tax in two aspects given below:
Tax provision for Computation of Total income of firms
Computation of partnership firms’ book profit.
A
Steps to be explained for the computation of total income of firms
Steps for computation of partnership firms
5.Explain the service tax law in India. Give the concept of negative list.
A
Introduction of service tax law in India
Concept of negative list
