NMIMS
Global Access
School
for Continuing Education (NGA-SCE)
Course:
Taxation- Direct and Indirect
Internal
Assignment Applicable for December 2021 Examination
1. GST
is called as consumption based tax. Discuss and verify this statement with the
help of a relevant example. Also, elaborate on the different categories of GST
(10 Marks)
2.
Following emoluments are received by Ms Sangeeta during the previous year ended
on 31.3.2021
Basic salary 250000
Dearness Allowance 10000
Commission 2500
Entertainment allowance 2000
Medical expenses reimbursed 25000
Professional taxes paid 2000(Rs1000 paid by employer)
Ms. Sangeeta contributes Rs 2000 towards the Recognized Provident Fund
She has no other income.
Compute the income from salary for A.Y 2021-22, and give reasons and
explanations wherever required, If Ms. Sangeeta is a Government employee. (10
Marks)
3. From
the following information, furnished by Ms. Anucampa pertaining to the
financial year ended as on 31st march 2021,
Short term capital gains on sale of shares in an Indian company received in
Japan
10000
Dividend from a Chinese company received in China
3000
Agricultural income from land in Madhya Pradesh
5000
Dividend from PJV Ltd an Indian Company
4745
Gross Rent from a residential property located at Singapore, later on remitted
to the saving account in Bank of Maharashtra, Mumbai using the approved
channels
600000
Compute
the total income and give reason for considering/ not considering these specific
items for the relevant assessment year 2021-22, if she is-
a.
Resident and ordinary resident (5 Marks)
b. Non
resident (5 Marks)
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