QUESTION BANK







UNIT 1

  1. **Legal provisions in respect of the residential status of a company 
  2. when the income is deemed to accrue or arise or be received in India
  3. *incomes exempted from tax under section 10
  4. agricultural income
  5. assessment year, previous year, * person
UNIT 2
  1. *explain the capital gains which are exempted from tax
  2. **long-term capital gains, short-term capital gain, capital asset, the value of consideration, cost of acquisition, expenditure on transfer
  3. computation of GAV of let-out house property
  4. *** Computation of  income from house property
  5. deductions available in the computation of income from other sources
  6. *tax provisions in case of profits and gains of business or profession
  7. ***unabsorbed depreciation
  8. **Provisions relating to the computation of the total income of a company


UNIT 3
  1. **deductions from Gross Total Income(GTI)
  2. *Conditions for set off and  carry forward of losses
  3. advance payment of tax
unit 4 
  1. *different penalties which can be imposed under the provisions of the income tax Act, of 1961
  2. return of income
  3. interest
  4. procedure for assessment
unit 5
  1. tax considerations while deciding the dividend policy of a company
  2. tax incentives to an amalgamated company
  3. *tax implications of a merger or business restructuring decision
  4. advantages and disadvantages of acquiring capital assets on lease
  5. ** own or lease, shut down or continue, Make or buy
  6. ***tax planning with reference to setting up of new business

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