SMU MBA SEM 3 – FIN 303 – TAXATION MANAGEMENT
DRIVE- Spring 2019
PROGRAM-MBA
SEMESTER III
SUBJECT CODE & NAME
FIN303 – TAXATION MANAGEMENT
SMU MBA SPRING-2019
Dear Students,
SMU MBA SPRING-2019 Assignments are available. For Booking Kindly mail us on kvsude@gmail.com OR call us to +91 9995105420 or S M S your “ Email ID ” us in the following Format “ On +91 9995105420 we will reach back you with in 24H ”
SET-1
Q1.Explain the objectives of tax planning. Discuss the factors to be considered in tax planning.
(Objectives of tax planning, Factors in tax planning)
Q2. Mr. C acquired a plot of land on 15th June, 2007 for Rs.10,00,000 and sold it on 5th January, 2016 for Rs.41,00,000. The expenses of transfer were Rs.1,00,000.
Mr. C made the following investments on 4th February, 2016 from the proceeds of the plot.
- a) Bonds of Rural Electrification Corporation redeemable after a period of three years, Rs.12,00,000
- b) Deposits under Capital Gain Scheme for purchase of a residential house Rs.8,00,000 (he does not own any house)
Compute the capital gain chargeable to tax for the AY2016-17.
- A) Categories of capital assets
- B) Indexed cost of acquisition
- C) Long term capital gain
- D) Taxable long term capital gain
Q3. Explain major considerations in capital structure planning. Write about the dividend
policy and factors affecting dividend decisions.
- A) Factors of capital structure planning
- B) Dividend policy
- C) Factors Affecting dividend decisions
SMU MBA SPRING-2019
Dear Students,
SMU MBA SPRING-2019 Assignments are available. For Booking Kindly mail us on kvsude@gmail.com OR call us to +91 9995105420 or S M S your “ Email ID ” us in the following Format “ On +91 9995105420 we will reach back you with in 24H ”
SET 2
Q1.X Ltd. has Unit C which is not functioning satisfactorily. The following are the details of its fixed assets:
The written down value (WDV) is ` 25 lakh for the machinery, and15 lakh for the plant. The liabilities on this Unit on 31st March, 2016 are35 lakh.
The following are two options as on 31st March, 2016:
Option 1: Slump sale to Y Ltd for a consideration of 85 lakh.
Option 2: Individual sale of assets as follows: Land ` 48 lakh, goodwill ` 20 lakh, machinery 32 lakh, Plant 17 lakh.
The other units derive taxable income and there is no carry forward of loss or depreciation for the company as a whole. Unit C was started on 1st January, 2005.Which option would you choose, and why?
(Computation of capital gain for both the options, Computation of tax liability for both the options, Conclusion)
Q2. Explain the Service Tax Law in India and concept of negative list. Write about the
exemptions and rebates in Service Tax Law.
- A) Service Tax Law in India
- B) Concept of negative list
- C) Exemptions and rebates in Service Tax Law
Q3.What do you understand by customs duty? Explain the taxable events for imported, warehoused and exported goods. List down the types of duties in customs
An importer imports goods for subsequent sale in India at $10,000 on assessable value basis. Relevant exchange rate and rate of duty are as follows:
| Particulars | Date | Exchange
Rate Declared by CBE&C |
Rate of
Basic Customs Duty |
| Date of submission
of bill of entry |
18 March 2016 | 67.45/$ | 7.5% |
| Date of entry
inwards granted to the vessel |
8 April 2016 | ` 67.50/$ | 7.5% |
Calculate assessable value and customs duty.
(Meaning and explanation of customs duty, Explanation of taxable events for imported, warehoused and exported goods, Listing of duties in customs, Calculation of assessable value and customs duty)
SMU MBA SPRING-2019
Dear Students,
SMU MBA SPRING-2019 Assignments are available. For Booking Kindly mail us on kvsude@gmail.com OR call us to +91 9995105420 or S M S your “ Email ID ” us in the following Format “ On +91 9995105420 we will reach back you with in 24H ”
