INCOME TAX (M.COM – 4)
1. What do you mean by “exempted income “Discuss any 10 exempted income under the income tax act.
Answer :
2. Explain the provisions regarding set off losses while computing the total income
3. An employee ‘C’ receive the following during the financial year 2004-05.
Salary Rs.150, 00, p.m. and bonus Rs.10,000, His annual contribution to recognized provident fund Rs.18,000.and he has paid LIC premium of Rs.3000.on his own life. He has participated in the unit linked insurance plan 1971 and pays 1000 towards that.
Compute his income from salary liable to deduction of tax at source and the amount of tax to be deducted
4. Discuss the provisions of income tax act relating to advance payment of tax.
5. Write short notes
1. Appeal
2. Penalties
3. Rebates of income tax
4. Capital & revenue receipt
6 A, B and C are partners in firm with equal share, the profit and loss account of the firm for the year ended 31st march 2004, is under.
Rs. Rs.
Interest on Capital @ 12% Gross profit 9,000
A. 8000 Lose. A. 25,000
B. 7000 B. 25,000
C. 9000 24000 C. 25000
Salary
A.20000
B.20000
C.20000 60000
Total 84000 84000
OPERATIONAL AUDIT (M.Com)
1. What is Investigation? What matters should be kept in mind before investigation? Discuss the duties of investigator in this connection.
2. What is included in efficiency audit of Public sector under taking? Give audit procedure in connection there with.
3. (a) What Government Audit? Discuss the special features and objectives of Government Audit.
(b) Explain the special features of the Audit of Public Enterprises.
4. What are the items which are shown on both the sided of a balance sheet? Explain these items and state how you will verify them.
5. Co-operative Audit is not financial audit but also an administrative audit Discuss.
6. Write the short note
A. Social audit
B. Specimen of audit report
C. Audit certificate
D. Reports on financial sickness
Business Statistics (M Com)
1. Define Statistical errors and mention its various types
2. Explain the brief theory of events in probability
3. In the context of statistical quality control. Discuss with illustration process control and acceptance inspection
4. What are the uses of chi-square test? Also state the limitations of chi – square test, if any.
5. Form the following fate calculate Fisher’s ideal index number, Does it satisfy the both factor and time reversal tests?.
Item 1990 1992
Base Year Current Year
Price Quantity Price Quantity
A. 6 50 10 56
B. 2 100 2 120
C. 4 60 6 60
D. 10 30 12 24
E. 8 40 12 36
6. Write Short note On.
A. Additional and multiplication probability
B. Binomial
C. Weighted average index number
D. Components of time Series
ADVANCE FINANCIAL MANAGEMENT (M.Com)
1. (a) Explain the scope of finance function and suggest an organizational structure which you consider an effective control of a large industrial undertaking.
(b) Discuss the organization and responsibilities of financial management in a corporation.
2. Explain “Walter Formula” of dividend distribution. To what extent does the formula help in understanding the dividend policies pursued by Indian Companies?
3. What is meant by weighted average cost of capital? Illustrate your answer with assumed figures.
4. (a) A company has 2,00,000 equity shares of Rs. 10 each an 10,000 preference share of Rs. 100 each (fixed divided 12%), The Earning Before Interest and Tax (EBIT) of the company are Rs. 10,00,000. You are required to calculate the financial leverage of the company. IF the EBIT of the company increase by 50% then what will be the new financial leverage of the company?
(b) What do you understand by “Combined Leverage’? How will you measure the degree of combined leverage? Explain.
5. What are the basic considerations influencing debt equity mix in a corporate capital structure? Examine the merits and limitations of debt financing.
6. Write short note on the followings
A.Criculating capital
B.Financial Leverage
C.Debt Equity Ratio
D.Optimum Capital Structure
CORPORATE TAX PLANNING & TAX MANAGEMENT (M.Com)
7.
(a) What is Tax Management? Explain the corporate taxation and Dividend tax including
concept of tax planning.
(b) Critically comment on the tax planning for new business in view of recent trends in the Business world.
8. (a) Write an essay on tax planning and financial management decisions.
(b) What is Managerial Decision? Explain the tax planning in respect of sale of assets, replace and renovation.
9. (a) Examine the provisions of tax planning to amalgamation of companies.
(b) What is special tax provisions? Discuss the tax incentives for exporters.
10. Distinguish between tax planning and tax evasion. Give Suggestion to restrict tax evasion.
11. Write short note on the following.
(a) Tax Provision and Free Trade Zone.
(b) Infra Structure and Backward areas.
(c) Tax Planning is a legal and moral way of tax saving.
(d) The liability for advance payment of tax arise.
12. Discuss the following
(a).Tax planning and managerial decisions
(b).Sales of assets used for scientific research.
1. What do you mean by “exempted income “Discuss any 10 exempted income under the income tax act.
Answer :
2. Explain the provisions regarding set off losses while computing the total income
3. An employee ‘C’ receive the following during the financial year 2004-05.
Salary Rs.150, 00, p.m. and bonus Rs.10,000, His annual contribution to recognized provident fund Rs.18,000.and he has paid LIC premium of Rs.3000.on his own life. He has participated in the unit linked insurance plan 1971 and pays 1000 towards that.
Compute his income from salary liable to deduction of tax at source and the amount of tax to be deducted
4. Discuss the provisions of income tax act relating to advance payment of tax.
5. Write short notes
1. Appeal
2. Penalties
3. Rebates of income tax
4. Capital & revenue receipt
6 A, B and C are partners in firm with equal share, the profit and loss account of the firm for the year ended 31st march 2004, is under.
Rs. Rs.
Interest on Capital @ 12% Gross profit 9,000
A. 8000 Lose. A. 25,000
B. 7000 B. 25,000
C. 9000 24000 C. 25000
Salary
A.20000
B.20000
C.20000 60000
Total 84000 84000
OPERATIONAL AUDIT (M.Com)
1. What is Investigation? What matters should be kept in mind before investigation? Discuss the duties of investigator in this connection.
2. What is included in efficiency audit of Public sector under taking? Give audit procedure in connection there with.
3. (a) What Government Audit? Discuss the special features and objectives of Government Audit.
(b) Explain the special features of the Audit of Public Enterprises.
4. What are the items which are shown on both the sided of a balance sheet? Explain these items and state how you will verify them.
5. Co-operative Audit is not financial audit but also an administrative audit Discuss.
6. Write the short note
A. Social audit
B. Specimen of audit report
C. Audit certificate
D. Reports on financial sickness
Business Statistics (M Com)
1. Define Statistical errors and mention its various types
2. Explain the brief theory of events in probability
3. In the context of statistical quality control. Discuss with illustration process control and acceptance inspection
4. What are the uses of chi-square test? Also state the limitations of chi – square test, if any.
5. Form the following fate calculate Fisher’s ideal index number, Does it satisfy the both factor and time reversal tests?.
Item 1990 1992
Base Year Current Year
Price Quantity Price Quantity
A. 6 50 10 56
B. 2 100 2 120
C. 4 60 6 60
D. 10 30 12 24
E. 8 40 12 36
6. Write Short note On.
A. Additional and multiplication probability
B. Binomial
C. Weighted average index number
D. Components of time Series
ADVANCE FINANCIAL MANAGEMENT (M.Com)
1. (a) Explain the scope of finance function and suggest an organizational structure which you consider an effective control of a large industrial undertaking.
(b) Discuss the organization and responsibilities of financial management in a corporation.
2. Explain “Walter Formula” of dividend distribution. To what extent does the formula help in understanding the dividend policies pursued by Indian Companies?
3. What is meant by weighted average cost of capital? Illustrate your answer with assumed figures.
4. (a) A company has 2,00,000 equity shares of Rs. 10 each an 10,000 preference share of Rs. 100 each (fixed divided 12%), The Earning Before Interest and Tax (EBIT) of the company are Rs. 10,00,000. You are required to calculate the financial leverage of the company. IF the EBIT of the company increase by 50% then what will be the new financial leverage of the company?
(b) What do you understand by “Combined Leverage’? How will you measure the degree of combined leverage? Explain.
5. What are the basic considerations influencing debt equity mix in a corporate capital structure? Examine the merits and limitations of debt financing.
6. Write short note on the followings
A.Criculating capital
B.Financial Leverage
C.Debt Equity Ratio
D.Optimum Capital Structure
CORPORATE TAX PLANNING & TAX MANAGEMENT (M.Com)
7.
(a) What is Tax Management? Explain the corporate taxation and Dividend tax including
concept of tax planning.
(b) Critically comment on the tax planning for new business in view of recent trends in the Business world.
8. (a) Write an essay on tax planning and financial management decisions.
(b) What is Managerial Decision? Explain the tax planning in respect of sale of assets, replace and renovation.
9. (a) Examine the provisions of tax planning to amalgamation of companies.
(b) What is special tax provisions? Discuss the tax incentives for exporters.
10. Distinguish between tax planning and tax evasion. Give Suggestion to restrict tax evasion.
11. Write short note on the following.
(a) Tax Provision and Free Trade Zone.
(b) Infra Structure and Backward areas.
(c) Tax Planning is a legal and moral way of tax saving.
(d) The liability for advance payment of tax arise.
12. Discuss the following
(a).Tax planning and managerial decisions
(b).Sales of assets used for scientific research.
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