NMIMS Assignments for December 2019 cycle: Contact us for answers at assignmentssolution@gmail.com

NMIMS Global Access
School for Continuing Education (NGA-SCE)
Course: Taxation- Direct and Indirect
Internal Assignment Applicable for December 2019 Examination
Assignment Marks: 30
1 . Mr. Somaya recently joined as a marketing executive in a construction company. The Human
resource department of the company recruited him at a CTC of Rs6.5 lacs, annually. The said
department asked him to follow adequate tax planning so as to minimize income tax liability.
However, being a graduate in Marketing Somaya is confused among the terms tax planning, tax
avoidance and tax evasion. He approached you for discussing the differences in these terms

You recently come to know about the difference by studying them under the course of Taxation –
Direct and Indirect.
Explain him the needful with suitable examples. (10 Marks)
2. The basis of charge under the head salary is different when compared with income from other
various sources. Further, there are certain deductions under the Income tax Act which are available
only to the salaried employees and which are in addition to the deductions under Chapter VI of the
income tax Act.
Mention at least three of the deductions available to salaried employees with the maximum
deductible amount for each of them. Also, discuss the conditions needed to be satisfied in order to
charge any income under the salary head. (10 Marks)
3
a. Mr. Morgan received voluntary retirement compensation of Rs7.5 lakhs after service of 30
years. He still has 5 years of service left. At the time of VRS, he was drawing basic salary of Rs
25000 per month, Dearness allowance Rs 7000per month. Compute his taxable voluntary
retirement compensation, assuming he can’t claim any relief U/S 89. (5 Marks)
b. Ramman is a resident and ordinary resident in India for the previous year 2018-19. He owes a
house in London, which he has to let out at pound 15000 per month. The municipal taxes paid to
the Municipal Corporation of London is pound 7000 during the previous year 2018-19. The value
of one pound in India rupees to be taken Rs 90.50. Compute Ramman’s Net Annual Value of the
property for the Assessment year 2019-20. (5 Marks)
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NMIMS Assignments December 2019: Contact us for answers at assignmentssolution@gmail.com

NMIMS Global Access
School for Continuing Education (NGA-SCE)
Course: Corporate Finance
Internal Assignment Applicable for December 2019 Examination
Assignment Marks: 30

1. Assume that ABC Ltd has equity share capital of ₹15,00,000 divided into shares of
Rs150 each. The company wishes to raise additional total capital of ₹6,00,000 for

expansion through ₹3,00,000 in equity shares and ₹3,00,000 in debts at 10%. The EBIT of
the company is ₹3,00,000 and tax rate is 50%. Calculate EPS. Suggest what will happen to
EPS if entire capital was raised through debts. (10 Marks)
2. Alpha Ltd is expecting an annual Earnings Before Interest and Tax of ₹1,50,000. The
company had 10% debentures of ₹ 5 Lakhs. Calculate the overall cost of capital of the firm
if the cost of Equity is 12% assuming NI approach in the calculation. Suggest what
happens to the value of the firm when more debentures are issued. (10 Marks)
3. Mr. Mehta works as a Management Consultant in XYZ Ltd and his role involved
analyzing capital investment projects. His manager asked him to analyze project X which
involved capital investments of ₹10,00,000 and the cost of capital of 12%. The projects net
cash flows are as follows:

Years	1	2	3	4	5
Cash Inflow	20,000	30,000	40,000	45,000	50,000

Calculate:
a. Net Present Value of the project and suggest whether project is to be accepted or not.
(5 Marks)
b. Internal rate of return and suggest whether project is to be accepted or not (5 Marks)
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NMIMS Global Access
School for Continuing Education (NGA-SCE)
Course: International Banking and Foreign Exchange Management
Internal Assignment Applicable for December 2019 Examination
Assignment Marks: 30
1. A dealer has the following position in GBP against INR:
Spot – GBP 20 million Long

Three months forward – GBP 20 million short
The spot was executed at an average rate of 100.50 and the forward rate was
100.75.
The dealer now wants to close his position. If the prevailing swap quotes are as
follows, what is the profit/loss in squaring off his position?
GBP/INR Spot: 100.6510/100.6530
3-month Swap: 9135/9170 (10 Marks)
2. Mr. Mehta was a businessman and was planning to expand his operations to other
countries as well but he was not very sure about the forex market and also how his
business would get affected by various factors. He decided to meet a bank manager
who can help him understand these factors. If you are the manager help him
understand the various factors that would cause the fluctuation in the exchange rate
which may affect his business as well. (10 Marks)
3. Neha has completed her MBA and has joined the Treasury department of a bank.
During training her manager explained her that any open currency position may
give rise to exchange rate risks. If the dealer leaves this position unhedged, he
carries the risk that the exchange rate might turn adverse the next day. He wanted
her to prepare report on:
a) Position limits on a currency that a dealer can carry during regular trading hours.
(5 Marks)
b) Position limits on a currency that a dealer can carry over to the next day up to this
limit. (5 Marks)

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NMIMS Global Access
School for Continuing Education (NGA-SCE)
Course: Insurance & Risk Management
Internal Assignment Applicable for December 2019 Examination
Assignment Marks: 30
1.Mr. Rohan is appointed as the risk manager in a reputed insurance firm. Discuss the strategy
on how he could mitigate risk using different technique of risk management. (10 Marks)
2. Sheetal and her husband are working in a reputed multinational company. They both are well
settled and are maintaining a decent lifestyle. Since they are working for the private company,
their parents asked them to buy a retirement plan which can compensate their lifestyle even
after their retirement. Assume yourself to be sheetal’s insurance advisor. Discuss the three
broad steps which you will consider for managing their retirement Plan. (10 Marks)
3. Which method of premium calculation would be used in each of the below cases:
a. Same rate of premium is charged from individuals under the same situation (5 Marks)
b. Method frequently used by commercial fire insurance companies (5 Marks)