Tax planning and Management III B.

com (Tax)
Important questions.
Unit -1
1. What is meant by tax planning? Explain its featured and
limitations.
2. What is tax avoidance and tax evasion? Explain the difference
between them.
3. What are the requisites of successful tax planning?
4. What is meant by company? Explain the different types of
company.
5. Explain the residential status of company and also explain
incidence of tax.
6. Explain the MAT provisions applicable to companies.
7. Write about set off and carryforward of losses of companies.
8. What are the deductions available to corporate assessee u/s
80?
Short answer questions:
1. Tax Management
2. Tax on undistributed profits
3. Tax planning and tax avoidance
4. Tax planning and tax evasion
Unit – 2
1. Explain about tax provisions with reference to setting up of a
new business.
2. What are the tax provisions relating to sole proprietor and
partnership business?
3. Explain the tax provisions relating to capital structure decisions.
4. Explain the tax provisions relating to sale of scientific research
assets.
Short questions:
1. Location of business
2. Nature of business
3. Tax planning for bonus shares.
Unit – 3
 1. Explain the tax provisions with reference to make or buy
decisions.
2. Explain tax provisions with reference to employee’s
remuneration.
3. Explain the tax provisions with reference to insurance
compensation.
4. Explain the tax provisions for distribution of assets at the
time of liquidation of companies.
Short answer questions:
1. Own or lease
2. Repair or replacement
Unit -4
1. Explain the tax provisions for NRI’s in India.
2. What are the exemptions available and not available to NRI’s?
3. How NRI can claim benefits under double tax avoidance
agreement?
4. What are the tax provisions for regulating transfer pricing in
India?
5. What is arm’s length pricing? Explain the methods for
computing ALP.
6. What is advance pricing agreement? How it is calculated?
Explain its uses or merits.
Unit – 5
1. What are the tax provisions of income from salary?
2. What are the tax provisions of income from House property?
3. What are the tax provisions of income from business and
profession?
4. What are the tax provisions of income from other sources?
Problems:
Unit -2 capital structure decisions
Unit -3 Make or buy, own or lease.
Unit -5 Total income and tax