smu mba semester 3 assignments, sprring 2014

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ASSIGNMENT
DRIVE SPRING 2014
PROGRAM MBADS (SEM 3/SEM 5)
MBAFLEX/ MBAN2 (SEM 3)
PGDFMN (SEM 1)
SUBJECT CODE &
NAME
MF0012 & TAXATION MANAGEMENT
BK ID B1760
CREDIT & MARKS 4 Credits, 60 marks
Q.No Questions Marks Total Marks
1 The provisions in Chapter VIA are in the form of deductions (80C to 80U) from the
total income. Explain the general rules for claiming deductions and after this
explain each major spheres deductions under sections (80C to 80U)
A Explanation of general rules for claiming
Deductions under section 80C to 80U
Explanation of each spheres of deductions
under sections (80C to 80U)
4
6
10
2 Write short notes on:
a) Profit in Lieu of salary-Sec 17(3)
b) Tax planning avenues for salary income
A Explanation of Profit in lieu of salary
Explanation of Tax planning avenues for salary
income
4
6
10
3 There certain important things to know under Section 54ED. Explain all the
important conditions in Section 54ED in Capital Gain.
Mr. A acquired a plot of land on 15th
June,1993 for Rs. 10,00,000 and sold it on 5th
Jan,2010 for Rs.41,00,000. The expenses of transfer were Rs.1,00,000.
Mr.A made the following investments on 4th
Feb,2010 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 residence house
Rs.8,00,000 (he does not won any house).
Compute the capital gain chargeable to tax for the AY 2010-11
A Explanation of Section 54ED
Computation of Capital Gain chargeable
5
5
10
4 Elaborate and write on the administrative mechanism envisaged in the DTC in Tax

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Management and also write on the assessment procedure.
A Explanation of Tax administration
Explanation of Appeals and revision
Explanation of assessment procedure
4
3
3
10
5 Service tax is a tax levied on services. List down the registration under service tax
rules. Write down the procedure for registration and payment of service tax.
Compute the taxable turnover and service tax liability for the year 2 of a new
company in each of the following situations:
Particulars
Situation
1
Situation
2
Situation
3
Year 1 800000 800000 1100000
Year 2 800000 1100000 800000
A List of registration under service tax rules
Explanation on procedure for registration
Explanation on payment of service tax
Service tax computation
1
2
4
3
10
6 Capital structure is said to be optimum when the firm has selected a combination
of equity and debt that minimizes the cost of capital.
What are the major considerations in capital structure planning? Write about the
dividend policy and factors affecting dividend decisions.
A Explanation of major considerations in capital
structure planning
Explanation on dividend policy
Explanation on factors affecting dividend
decisions
6
2
2
10
*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.