MF0012 & TAXATION MANAGEMENT
ASSIGNMENT
DRIVE: SUMMER 2014
PROGRAM: MBADS (SEM 3/SEM 5)
MBAFLEX/ MBA (SEM 3): PGDFMN (SEM 1)
SUBJECT CODE & NAME: MF0012 & TAXATION MANAGEMENT
BK ID: B1760
CREDIT: 4 MARKS 60
Q.No Criteria Marks Total Marks
1.Explain the concept of tax planning and the factors to be considered in tax planning. Give the difference between tax planning and tax evasion.
A
Concept of tax planning
Factors in tax planning
Differences between tax planning and tax evasion
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
6.Identify and explain the major considerations in capital structure planning. Explain two approaches in dividend policy and factors affecting dividend decisions.
A
Major considerations in capital structure planning
Two approaches in dividend policy
Factors affecting dividend decisions
*A-Answer
Note —Answer all questions. Kindly note that answers for 10 marks questions should be approximately of 400 words. Each question is followed by evaluation scheme.