Master of Business Administration - MBA Semester 3 Subject Code MF0012 Subject Name Taxation Management 4 Credits

(Book ID: B1210) Assignment Set- 1 (60 Marks) Note: Each question carries 10 Marks. Answer all the questions. Q.1 Tax evasion is a menace to the people, economy and the country. In the wake of recent Swiss bank account scandal give your views on the following: a. How does it affect the Indian economy and the growth prospects?

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b. Does black money cause Inflation? [5+5 Marks] Q.2 Detail death cum retirement gratuity under Sec 17(1)iii of IT Act. Is commutation of pension a viable option in terms of tax planning? Q.3 Explain the essential conditions to be satisfied by a firm to be assessed as firm under Section 184. Q.4 List out the steps to compute total income Q.5 Detail the important provisions under Wealth tax Act. Q.6 What is meant by Full value of consideration? How short term capital gains and long term capital gains are computed using full value of consideration? Fall 2011

Master of Business Administration - MBA Semester 3 Subject Code MF0012 Subject Name Taxation Management 4 Credits

(Book ID: B1210) Assignment Set- 2 (60 Marks) Note: Each question carries 10 Marks. Answer all the questions. Q.1 Prepare a ready reckoner of various tax savings investment options covering Section C to U. According you what are the 5 best investment options under these sections. Q.2 Write short notes on (a) Profit in lieu of salary (b) Sec 80D

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Q.3 Explain the tax provisions for new business in free trade zones Q.4 Distinguish between amalgamation, merger and demerger. What type of transactions is not treated as amalgamation? Q.5 What are the key factors of dividend policy? How do dividend policy affect financial decisions? Q.6 Explain the tax considerations of bonus shares to Equity shares on: Situation 1: At the time of issue of bonus shares Situation 2: At the time of sale of bonus shares by shareholders Situation 3: At the time of redemption of bonus shares