Exam Details
| Subject | elements of direct & indirect taxes | |
| Paper | ||
| Exam / Course | mba | |
| Department | ||
| Organization | Gujarat Technological University | |
| Position | ||
| Exam Date | April, 2016 | |
| City, State | gujarat, ahmedabad |
Question Paper
Page 1 of 1
Seat No.: Enrolment
GUJARAT TECHNOLOGICAL UNIVERSITY
MBA SEMESTER 3 EXAMINATION WINTER 2016
Subject Code: 4130504 Date: 17/12/2016
Subject Name: Elements of Direct and Indirect Taxes
Time: 02.30 PM 05.30 PM Total Marks: 70
Instructions:
1. Attempt all questions.
2. Make suitable assumptions wherever necessary.
3. Figures to the right indicate full marks.
Q.1
What are the taxes? Why governments need to collect them?
07
What are the indirect taxes? Explain their sources in India?
07
Q.2
What is VAT? Explain how it is collected by government?
07
Explain how gratuity is calculated for all the types of employees?
07
OR
What are the allowances? How they are treated for the calculation of tax?
07
Q.3
Explain perquisites related to accommodation are treated?
07
What do you understand by residential status? What would be current status of "Virat Kohli" who is out of the country for the last 6 months?
07
OR
Q.3
What are the services where the service tax is levied? How it is beneficial to a government to levy tax on services.
07
Explain the meaning of business and profession under income tax?
07
Q.4
What is section 80? What are the exemptions under section 80
07
What are the aspects of section 54 under capital gain?
07
OR
Q.4
Explain the meaning of dealer?
07
Explain meaning of manufacturers in indirect taxes. Put some example too.
07
Q.5
What does it mean to imports under indirect taxes clauses of India?
07
What does it mean for the term "specific employee" in income tax calculations?
07
OR
Q.5
Explain the head of "income from other sources" in detail?
07
Explain the terms person, entertainment expenses, house rent allowance, short term capital gain in short?
07
Seat No.: Enrolment
GUJARAT TECHNOLOGICAL UNIVERSITY
MBA SEMESTER 3 EXAMINATION WINTER 2016
Subject Code: 4130504 Date: 17/12/2016
Subject Name: Elements of Direct and Indirect Taxes
Time: 02.30 PM 05.30 PM Total Marks: 70
Instructions:
1. Attempt all questions.
2. Make suitable assumptions wherever necessary.
3. Figures to the right indicate full marks.
Q.1
What are the taxes? Why governments need to collect them?
07
What are the indirect taxes? Explain their sources in India?
07
Q.2
What is VAT? Explain how it is collected by government?
07
Explain how gratuity is calculated for all the types of employees?
07
OR
What are the allowances? How they are treated for the calculation of tax?
07
Q.3
Explain perquisites related to accommodation are treated?
07
What do you understand by residential status? What would be current status of "Virat Kohli" who is out of the country for the last 6 months?
07
OR
Q.3
What are the services where the service tax is levied? How it is beneficial to a government to levy tax on services.
07
Explain the meaning of business and profession under income tax?
07
Q.4
What is section 80? What are the exemptions under section 80
07
What are the aspects of section 54 under capital gain?
07
OR
Q.4
Explain the meaning of dealer?
07
Explain meaning of manufacturers in indirect taxes. Put some example too.
07
Q.5
What does it mean to imports under indirect taxes clauses of India?
07
What does it mean for the term "specific employee" in income tax calculations?
07
OR
Q.5
Explain the head of "income from other sources" in detail?
07
Explain the terms person, entertainment expenses, house rent allowance, short term capital gain in short?
07
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