MBA (RI) 2021-22

Assignment
Corporate Tax Planning and Management

Q.-1 Tax management is essential for every assessee but Tax Planning is optional.
Comment. How is Tax Planning different from Tax Evasion?
Or
“From tax point of view it is always better to form a partnership firm and not a
company” Do you agree with the statement? If not, enumerate a case where formation
of a company is economical from tax point of view as compared to a partnership
firm.

Q.-2 Comment on the following:

i. Tax Planning to capital structure decision,
ii. Tax Planning to Bonus Share.
Or
When does the liability to pay advance tax arise? When is such a tax to be paid and
how is it calculated and paid?

Q. 3 What are the factors to be considered while making a lease or buy decision? When
should leasing be preferred over purchased.
Or
Describe the conditions for claiming exemption from tax u/s 10 AA of the Income
Tax Act
Q.-4 Compulsory
Solve any Two Numerical questions from the following Chapter:
(a) Computation of Tax Liability of companies.
(b) Tax Planning for New Business.
(c) Tax Planning and Financial Management Decisions
(d) Tax Planning and Managerial Decisions
(e) Advance Payment of Tax