Scribd Logo
Upload

Welcome to Scribd!

  • Assignment LLB 2

    Uploaded by

    Nitish Kumar Naveen
    31 views1 page
    This document contains an assignment for a corporate tax planning course. It has two questions. The first question asks how the value of RFA is calculated under the head of salary and is worth 5 marks. The second question provides particulars of a residential house and asks to compute the income from the house property. It is worth 10 marks and requires calculating the income based on factors like municipal value, rent, taxes paid, interest paid and loan details.

    Original Description:

    dddh

    Original Title

    ASSIGNMENT LLB 2

    Copyright

    © © All Rights Reserved

    Available Formats

    DOCX, PDF, TXT or read online from Scribd

    Did you find this document useful?

    Is this content inappropriate?

    Report this Document
    This document contains an assignment for a corporate tax planning course. It has two questions. The first question asks how the value of RFA is calculated under the head of salary and is worth 5 marks. The second question provides particulars of a residential house and asks to compute the income from the house property. It is worth 10 marks and requires calculating the income based on factors like municipal value, rent, taxes paid, interest paid and loan details.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    31 views1 page

    Assignment LLB 2

    Uploaded by

    Nitish Kumar Naveen
    This document contains an assignment for a corporate tax planning course. It has two questions. The first question asks how the value of RFA is calculated under the head of salary and is worth 5 marks. The second question provides particulars of a residential house and asks to compute the income from the house property. It is worth 10 marks and requires calculating the income based on factors like municipal value, rent, taxes paid, interest paid and loan details.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    of 1

    Name:

    Enrolment No:

    UNIVERSITY OF PETROLEUM AND ENERGY STUDIES


    Assignment 2
    Course: Corporate Tax Planning Semester: VIII
    Program: BCOM LLB TL Max. Marks: 15
    Course Code: LLBL485

    Question 1:
    How the value of R.F.A. is calculated under the head salary? [5 Marks]

    Question 2:
    The particulars of a residential house are given below for the A.Y. 2019-2020:

    Municipal Value 44,000


    Fair Rent 48,000
    Standard Rant 36,000
    Actual Rent 37,200
    Municipal Taxes Paid 8,800
    Ground Rent Payable 60
    Interest on Money borrowed for construction 5,000
    Collection charges actually paid 300

    The assessee mortgaged the property for Rs.36,000 which was spent on his daughter’s
    marriage. The assessee paid interest Rs. 3,000 on the mortgaged loan this year. Compute his
    income from house property. [10 Marks]

    You might also like