Fall 2011

Master of Business Administration - MBA Semester 3 Subject Code – MF0003 Subject Name – Taxation Management 2 Credits
(Book ID: B1037)

Assignment Set- 1 (30 Marks)
http://smumbaassignmentssolved.blogspot.com/ Completely Solved Assignments.

Note: Each question carries 10 Marks. Answer all the questions.
Q.1 Investment options under Section 80C can be broadly categorized as market linked

[ELSS], fixed income [PPF, EPF, bank FDs, NSC and senior citizen savings schemes], Insurance linked plan [ULIP]. Among these which is the most popular instrument in the current scenario and why? Q.2 Q.3 Detail any ten popular tax free perquisites. Compute income from house property from the following particulars for the

assessment year 2009-10 Municipal Value Fair Rental Value Rent received Standard Rent Vacancy Period Repairs Municipal Tax: - Paid Due I 40,000 35,000 32,000 36,000 3 months 15,000 6,000 II 45,000 46,000 37,000 40,000 14,000 3,500 III 50,000 54,000 45,000 48,000 17,000 1,800 IV 52,500 65,000 55,000 57,000 19,000 2,400

The assessee had borrowed on 1.10.2002 Rs.3,50,000 at 14% for the construction of the second house which was completed on 31-12-2005. As on 1-4-2008 Rs.3, 00,000 was outstanding. In respect of the fourth house one month rent was unrealized. The claim was genuine and satisfied the conditions: and the recent received was for 10 months.

Fall 2011

Master of Business Administration - MBA Semester 3 Subject Code – MF0003 Subject Name – Taxation Management 2 Credits
(Book ID: B1037)

Assignment Set- 2 (30 Marks) Note: Each question carries 10 Marks. Answer all the questions.
Q.1 Explain the deductions in respect of donations to certain funds, charitable institutions

under Section 80(G) Q.2 Public provident fund is one of the oldest, safest investment options. List the benefits

of investing in PPF. Make an analysis on how to choose PPF investment option (a) making regular (monthly) investments in a year or (b) one shot investment in a year. Q.3 Assume you are an investment consultant. Your client is an equity investor who intends to sell equity shares held in various companies. He needs your help on computation of capital gains with and without indexations. Make an hypothetical case and explain him the tax planning aspect.

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