Download JNTUA MBA 4th Sem Supple 2015 Dec 12E01405 Corporate Taxation Question Paper

Download JNTUA (JNTU Anantapur) MBA (Master of Business Administration) 4th Sem Supple 2015 Dec 12E01405 Corporate Taxation Previous Question Paper

Code: 12E01405
MBA (Finance) IV Semester Regular & Supplementary Examinations July 2015
CORPORATE TAXATION
(For students admitted in 2011, 2012 and 2013 only)

Time: 3 hours Max Marks: 60
Answer any FIVE questions
All questions carry equal marks
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1 (a) Differentiate between the assessment year and previous year.
(b) Explain the tax treatment in case of merger and takeover.
(c) What are the exemptions in residence incidence of tax?

2 (a) How do you channelizing FDI to reduce the taxation? Explain.
(b) State the incentives for the units located in SEZ.

3 Discuss the procedures for exports and imports.

4 (a) Enumerate the principle classifications of central excise.
(b) What are the objectives of maximum retail sale price?

5 Discuss the important terms and impact of VAT.

6 (a) How do you classify the service tax? Explain.
(b) What is the chargeability of service tax?
(c) What is the service tax payment?

7 Y has two houses, both of which are self-occupied. The particulars of the houses are as under:
Particulars 1
st
house Amount (Rs) 2
nd
house Amount (Rs)
Municipal value 70,000 1,00,000
Fair rental value 82,000 1,30,000
Standard rent -- 1,10,000
Date of completion 1.1.2012 1.10.2012
Municipal taxes 7,000 paid during the year 10,000 paid during the year
Suggest which house should be opted by Y to be assessed as self-occupied so that this tax
liability is minimum.

8 (a) What is block of asset? Explain.
(b) Explain the deductions expressly allowed and disallowed of business and profession.
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