Home » Projects » 4TH SEM NMIMS DEC 2019 SOLVED ASSIGNMENTS - Taxation- Direct and Indirect 
 

4TH SEM NMIMS DEC 2019 SOLVED ASSIGNMENTS - Taxation- Direct and Indirect

This is a research report on 4TH SEM NMIMS DEC 2019 SOLVED ASSIGNMENTS - Taxation- Direct and Indirect uploaded by Infoanswersheets Answersheets in category: All Documents »  Education »  College section of our research repository.
125 views, 0 comments, Last Update: Oct 22, 2019.
Advertisements

Category: All Documents  »  Education » College

Tags: 1ST SEM NMIMS DEC 2019 SOLVED ASSIGNMENTS , 2ND SEM NMIMS DEC 2019 SOLVED ASSIGNMENTS , 3RD SEM NMIMS DEC 2019 SOLVED ASSIGNMENTS , 4TH SEM NMIMS DEC 2019 SOLVED ASSIGNMENTS.
Description:
1ST SEM NMIMS DEC 2019 SOLVED ASSIGNMENTS

For Nmims answersheets contact
[email protected]
+919503094040

2ND SEM NMIMS DEC 2019 SOLVED ASSIGNMENTS


Taxation- Direct and Indirect

1. Mr. Somaya recently joined as a marketing executive in a construction company. The Human resource department of the company recruited him at a CTC of Rs6.5 lacs, annually. The said department asked him to follow adequate tax planning so as to minimize income tax liability.
However, being a graduate in Marketing Somaya is confused among the terms tax planning, tax avoidance and tax evasion. He approached you for discussing the differences in these terms You recently come to know about the difference by studying them under the course of Taxation – Direct and Indirect.
Explain him the needful with suitable examples. (10 Marks)

3RD SEM NMIMS DEC 2019 SOLVED ASSIGNMENTS

2. The basis of charge under the head salary is different when compared with income from other various sources. Further, there are certain deductions under the Income tax Act which are available only to the salaried employees and which are in addition to the deductions under Chapter VI of the income tax Act.
Mention at least three of the deductions available to salaried employees with the maximum deductible amount for each of them. Also, discuss the conditions needed to be satisfied in order to charge any income under the salary head. (10 Marks)

3RD SEM NMIMS DEC 2019 SOLVED ASSIGNMENTS

3 a. Mr. Morgan received voluntary retirement compensation of Rs7.5 lakhs after service of 30 years. He still has 5 years of service left. At the time of VRS, he was drawing basic salary of Rs 25000 per month, Dearness allowance Rs 7000per month. Compute his taxable voluntary retirement compensation, assuming he can’t claim any relief U/S 89. (5 Marks)
b. Ramman is a resident and ordinary resident in India for the previous year 2018-19. He owes a house in London, which he has to let out at pound 15000 per month. The municipal taxes paid to the Municipal Corporation of London is pound 7000 during the previous year 2018-19. The value of one pound in India rupees to be taken Rs 90.50. Compute Ramman’s Net Annual Value of the property for the Assessment year 2019-20. (5 Marks)
4TH SEM NMIMS DEC 2019 SOLVED ASSIGNMENTS


For Nmims answersheets contact
[email protected]
+919503094040

1ST SEM NMIMS DEC 2019 SOLVED ASSIGNMENTS





 

LOGIN
 
   Login Id
   Password
  Forgot Password?
    
   
 
Advertisements


 
 
 
Infoanswersheets Answersheets's Documents
created 2 month(s) ago,
13 views, 0 comments
created 3 week(s) ago,
3 views, 0 comments
created 3 month(s) ago,
16 views, 0 comments
 
 
spacer gif
Management Paradise
spacer gif
arrow gif About Us
Press
Jobs
MBA Projects
Kartik Raichura
spacer gif
spacer gif
spacer gif
Legal
spacer gif
spacer gif Terms & Conditions
spacer gif Privacy Policy
spacer gif Disclaimer
spacer gif Copyrights
spacer gif Contact Us
spacer gif
spacer gif
spacer gif
Help
spacer gif
spacer gif Zeitgeist
Support
FAQs
Tour
Feedback
Our Network

MBA B School Blog

MBA Buy Entrance Exam Forms

MBA BMS Blog

MBA MBA Blog

MBA BMM Network

Follow
       
   

 

Copyright 2004 - 2019 Management Paradise.