University Of Pune Question Paper
B. B. M. (I.B.) ( Semester - IV ) Examination - 2013
BUSINESS TAXATION
(New 2008 Pattern)
Time : 3 Hours] [Max. Marks : 80
Instructions :
(1) Attempt any five questions.
(2) All questions carry equal marks.
Q.1) Answer the following :
(a) What do you mean by Residual Head of Income ? Explain at least
12 items Taxable under this head.
(b) Write eassy note on ‘Residence and Tax Liability’.
Q.2) In respect of Business and Profession as a source of Income, explain :
(a) Expenses deductible purly on payment basis.
(b) Specifically Non-deductible Expenses from Income from Business
Profession.
Q.3) Compute Gross Total Income in Case of the following :
Mr. Rohit Roy is working with ABC Corporation in New Delhi. His Net
Salary Income is Rs. 9,80,000 p.a. after deducting following :
(1) Professional Tax Rs. 2,500
(2) Income Tax Rs. 25,500
(3) Provident Fund Rs. 48,900
(d) Loan Repayment Rs. 30,500.
Medical Expenses reimbursed Rs. 40,000 against legally exemption
limit. He has 3 children for their education he is recurring 2,500 p.m.
as Education Allowance. Income from House Property Rs (–) 70,000
(loss) other income 80,000.
[4374]-405 1 P.T.O.
Seat
No.
Q.4) Explain specifically exempted Income u/s 10 of Income Tax Act, 1961.
(Atleast 16 such instances).
Q.5) In respect of Salary Income, explain any two of the following with
example about its taxability :
(a) Gratuity Income
(b) Voluntary Retirement sum received
(c) Pension
Q.6) Write short notes : (Any Four)
(a) Agricultural Income
(b) Previous Year
(c) Perquisite
(d) Interest during Preconstruction Period
(e) Revised Return
B. B. M. (I.B.) ( Semester - IV ) Examination - 2013
BUSINESS TAXATION
(New 2008 Pattern)
Time : 3 Hours] [Max. Marks : 80
Instructions :
(1) Attempt any five questions.
(2) All questions carry equal marks.
Q.1) Answer the following :
(a) What do you mean by Residual Head of Income ? Explain at least
12 items Taxable under this head.
(b) Write eassy note on ‘Residence and Tax Liability’.
Q.2) In respect of Business and Profession as a source of Income, explain :
(a) Expenses deductible purly on payment basis.
(b) Specifically Non-deductible Expenses from Income from Business
Profession.
Q.3) Compute Gross Total Income in Case of the following :
Mr. Rohit Roy is working with ABC Corporation in New Delhi. His Net
Salary Income is Rs. 9,80,000 p.a. after deducting following :
(1) Professional Tax Rs. 2,500
(2) Income Tax Rs. 25,500
(3) Provident Fund Rs. 48,900
(d) Loan Repayment Rs. 30,500.
Medical Expenses reimbursed Rs. 40,000 against legally exemption
limit. He has 3 children for their education he is recurring 2,500 p.m.
as Education Allowance. Income from House Property Rs (–) 70,000
(loss) other income 80,000.
[4374]-405 1 P.T.O.
Seat
No.
Q.4) Explain specifically exempted Income u/s 10 of Income Tax Act, 1961.
(Atleast 16 such instances).
Q.5) In respect of Salary Income, explain any two of the following with
example about its taxability :
(a) Gratuity Income
(b) Voluntary Retirement sum received
(c) Pension
Q.6) Write short notes : (Any Four)
(a) Agricultural Income
(b) Previous Year
(c) Perquisite
(d) Interest during Preconstruction Period
(e) Revised Return
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