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ASSIGNMENT
DRIVE SPRING 2016
PROGRAM BBA
SEMESTER V
SUBJECT CODE &
NAME
BBA 504 &
TAXATION MANAGEMENT
BK ID B1852
CREDITS 2
MARKS 30
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.
Q.No Questions
1 Write notes on :
a) Assessee in default
b) Total Income and Gross Total Income
c) Rules for determining residential status of an HUF
A a) Assessee in default
b) Total Income and Gross Total Income
c) Rules for determining residential status of an HUF
3
3
4
10
2 Ms. Trista, a resident individual, owns a house property situated in Bangalore. The particulars
of the house are as under:
Rs.
Municipal Value 1,20,000
Fair Rent 1,60,000
Standard Rent 1,40,000
Actual Rent (per month) 12,000
Period of Vacancy NIL
Municipal Taxes for the year 20 % of Municipal
Value
Municipal tax paid during the year 24,000
Compute the income of Ms. Trista under the head : Income from house property.
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Discuss the advantages of VAT over Sales tax.
A Compute the income of Ms. Trista under the head : Income from
house property in the above problem.
Discuss the advantages of VAT over Sales tax.
.
5
5
10
3 “Section 48 of the Income-tax Act, 1961 discusses the methods of computation of short term
and long term capital gains”. Enumerate with examples.
A Discuss the methods of computation of Short term and Long term
Capital Gains under Section 48 of the Income-tax Act, 1961 with
examples.
10 10
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