CORPORATE TAX MANAGEMENT Question Paper
CORPORATE TAX MANAGEMENT Question Paper
CORPORATE TAX MANAGEMENT Question Paper
Maximum Marks: 60
Time: 3 Hours
Note : Solve Any Five
1. Distinguish Between
a) Tax planning And Management
b) Tax Evasion And Avoidance
3. Miss Kashish want to start Coffee Business in Assam and she want to know what are the benefit
available for such kind of business in income tax?
4. A company requires 20,000 unit of components every year for next 10 years the component may
be purchased from outside market or it may be make inside the company from the following
Information. Suggest Whether it should be buy or make:
Material cost Per unit Rs.4
Labour cost Per unit Rs.6
Variable overhead cost per unit Rs.2
If company manufactures the part it has Rs. 1,00,000
to take a loan from bank. The net cash
outflow for that in five years.
Further, The component available in the market at
a. Rs. 12.50 per unit
b. Rs. 14 per units
Provide your Views on above situation.
1. The rate of dividend on equity has not been below 24% in the past.
2. The tax rate payable by the company is 26%.
7. A partnership firm is engage in the business of plying and hiring goods carriage. The firm wants
to compute its income u/s 44AE . From the following information compute the business income
of the firm:
The firm has 9 light goods vehicle, out of which 2 were purchased on hire Purchase system on
25.1.2020.
As per deed the partners A & B are entitled to salary Rs.15,000 per month each and interest
@12%p.a. on capital of Rs.3,50,000 each.