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Taxation Short Ques

Taxation law short questions

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Gaurav Singh
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33 views10 pages

Taxation Short Ques

Taxation law short questions

Uploaded by

Gaurav Singh
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF or read online on Scribd
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EX sts oat ets om pees 3 hn Petey rv weve 1 ver ene greene ana pte ns Se pedcrm any cttin meen fe Se rn, ps acon, rset characte of 8 isgenrty pao m=tr Aibreprana in are sh Dees on te 2 Ceres eam ra Ds eco ited ar pbe soe Fe pres year? when income ofthe previous yeu" hal 2 cola to torn the previous yor set thon PREMOUS YEAR [SECTION 2461 Moreen 2) prev yur mes provi ys ae Bere seine rovns yon nent ancl youre freee be earner ys coer. aan rs 201011 epee Wi Po Serer penn year vasa on +20 ae eh on 2 Or amet anges ize Ho 14200912 3192010 be ablin te soteg yu 2101 onsemen ye a sh Thakoon ute yearn son hoor weaned st cng Satu rs nce ‘be uch in sce Yee assent ya Pee ae 2 ors oe sm of mca & vant Yyacuse avon sort came cesta enaeen She ecto meter na ng 2s th nw soe ange elon, Seema cea a Seca {cans Ca wh ont Pee a ein ware, incre sama eng ay provi et asd ee users mesma yea te rors yt 2 ean Saree ne, eae canta yr mets Supping Business of Nonsesint [Seetion 12: Avanwaiet To esting bone an exe om OOM resect a po lb pn rarer ee te cip alow oleae he ndan pt, Ths dnp anes nan port re mase ot e is E ot cn otanah a eum anout eared on ac Tr earna trad he amount pad para wa of aap crag handing hare cary a amos te toes pay ih an csrongy nace 7. ie ra rae tame, ex sal be dened wo beineome dS Co ence ae wl be cares Tendo eect es enter ts _ Recreate Sooeeenrciaietcerons ees erento eerercecncneyaecs eee res Seer amen oncesor yous oa voran (Eeternons tbe mosin wept ea cc ort ere Ses eee ee Ree eae apie cerratess reo ents ee ees as 1) toda assnamers or evs yar neon o 0060 ‘on apie tor aan ya! 2097 08 serene eis 407 15.1207 foam tes hich are given far oavare tuo ascensnert yr 208 08 Example On 169: tvematinge abexrnert of sess year 207-98 espe orn Rana wo as res h Ina for several yeas te Asana Oct came am lf ‘a eae a on 442008 wh nite twang tak ts eaetetos mainte aan an oe ores yu S07 2) seamed er ris 207.08 0) asesnertt nee peat 48 8, ‘Assessment of stocian of parva obedy odo ‘rita! psen tomers prions oases {Becton aa) ioret epesn oe scsi ohse erty ‘ssoelor leant ret etree ‘ern forat ar otainet sepod epaee t a ‘an be done te sant ot ‘Nenasoatoncl eee ote naval del favoes med nah apts eda aa Schoen yet al seam ase poner Beet indo pom ton both peep isnt yr oo son, lB ‘asso of person aly banter ropa eee a {Sector 5: appt te heme Oe bg aa {Sree meer or ty barr ay eg ‘hele dsp fost yo he ue ‘ut rig pert ox ya och on prs ms ep et a tht anenmnon yu tage fal eae ae the an ran ne esa oer omnes sega a Scene se teen’ jo Nom ‘isan aac sh ee een Pa e Scale wch oe pp ave The eS intin cum stat acon same at pete nthe Ge ‘oronfomng na ccs eases ae abe i wen be Asn Or come pea Dscontinnd busnes [Scion 176: Whee any bes Srnec yan ae re ters ya te a me oo Sen san cranny ath oon be ea how be Staedie ah Bee You mB 8 siesi acoriund on 17-207 ten encore forthe pad 2007.08 tu Tho ax bo Cae at hae nee sares tex payeie dng ari yor 207-08 Jas von Pa the Fst Sense) ry person dszontnang Sry Busnes or Peteanon sa vets Asean Ones cet ah Sasotnance ttn 18 dys threo! fssessne cannes be computed urls we now Nise sie stash Ina dung te revel preva yer Terre, deminer Rules for Determining the Residential Status of an Individual Secon G(s} anna may esrb 2 3) 9 Non eiert nina » » sient ut ot ray eis inn Resident in Ina; An indivi is sid 1 be resi fates any ona oe floning tno contions| asic Conditions exceptions case ot nivale can of aaa wo aves ni Inany previous ya rhe purpone of eolorart cies, he pod of 60 days n contin 2 as afore sal be uses Fy tee days asec yar 196304 onwards. he hl ot fa resent of ina rae wny Inga a east 182 dys fringe lear previous yearn nich be aves, Sin ‘ry peveuyear ana mentor {een ted a Ie arturo avs harden pt stom see ye Inte oan invita, wo cto rd, pono Indian orig ho borg tuo na, ons anata Wee ag ‘es ya te prs 8 Gyn cod eon ‘ove wb sdoedby 10 ays. fal rte ek ‘ries his ay inna eo at TES dae ung toe Povove oom wife vats ne + Henbee aati ntl yt pe msn no 78 ee a an va Resident an Ordinal Reset i nia Secon an Ineo beet nary erin nd Reset but net Ordnay Resident in a: Sse ah mtv stato eseanb ra ay aco nina te thes ow the base onsen neo Row {Non est ini: Seton 2 (0) nv ito be Dstarinstion of Residential State of Hinds Unde Fay (UE * [aap wnre ng ear crwel and marae ‘Saves stunted vy ude nda. /AHUF ssid be non-serin ia ing pov ‘Recon! ond maraguret tt eis stad wna xc (non ts ete hat HUF a eet nin inte ‘of individuals (BO!) and of other 1) ein and ordary reer nna 1) Resident bt rx ory reir inna The HUF shal be sald bo reset and eal es sheKaria ofthe HUF states bt ie ttowing rowan Mat #9) Ho KAFTA) must be reset in na {0 proveus years media proces oar ana 1) He must bein nia for at ast 720 Immediately precng te relevant provous yor Mee ‘The HUF shal be sid tobe Resident but moray Andale Kara ot HUF states oe ce neno om above ena Determinatin of Resident! Stats ofa Company (section ‘company can ater bo ‘Acompany is said 0 be a Resident in nia nary previus year 8) tan Indian company 19 During the evant provius year Acompany is said to be non 4) tis potan ins 2) The cont paral ets rmination of Residential status of Flim, Associaton, (AO), Body orsons (Except Compan 3 manager 62) and 61a), “Thaee eniios may either be resident or nan ve previous year ‘Atlan, ADP etc. epi tobe resident in resin any previous yearn ‘al cases except where dung tat yar ho cont ard management fits fare etuatod whol custo Ica, Ine case ofa te Contl and management Inthe hands ct the pater an hte ifthe parinera genaraly moet inna rogacng tho atlas fhe im, ‘than the fm is eid 0 be escort in nia Atm AOP be on len ra con a ‘rrapen io sats tess sy ea saehmee: mwenpe tate eae ee iter wd bo fon read o bt et ree ete 4 att pling? Explain te trae fa area Tor van caro dtd nan arrco sand ‘erm lin ng compl ean ttt co ‘renner ono tacitly researc ac fewest paer we are conto arargerrt yh ate yang 1 te estos nano tn naan ee) ‘orcas ono he fom fom ven eme JOS ete mle tort oft noe bt cal a Sie sant red woe med aoe ees vette fox Ping onal mer orci lx sng mae sma as ‘hy as rian of anya Vila o x a cia sch ica ay epee Rx ret eas ut ag ese ae es 3a sours a tax poing be win Momeuct ote ota to pet CP Panning In Connection with Income, Expenditure and Investments: Corn accnes exert ml oe ep ‘Mirae cotn nearest fi Slay oa ‘earn oom tte te blr Buen citittp mad aos barenes te wn ps Sane Sits on ang ence sseenes ST ‘orci ae wal var tang Craton. Tha ssn wn a onsen Pe a ‘their tax burden and thereby increase their real ine ne oF ‘assesses may manage fo recWveetherexar oe St ited 0 reba of tx, ei nied o rebate fx. Ho may ven nach aps Pot ni Income from which i eitherenempt in ul vay, wil rarely ear axabe income Lewis, an assesse may maragoto spend o sch tan Hemay avoid euch expen to wth ne coasen ortaablein at) Simiaty, an assesso0 may pan hs ivesiments in aisha lowest ono income is traced on he ncome sere ee ‘Asoeasee may ives his lund in such icerve parr tim th maximum tox ets and concessions "* MWS mt Tax Planning is Moral: Tax psning Isreal an fas wi secordence wt th Law Tax planing Is cone winow veda Drovisons caw and, terete om = roves ceed by ak he ey Tax Planning isn Accordance with Government Paley: Pale the Goverment encourage ex panning T the Government has provided cortain exert fand elite trough legislature [oclamatons. A tatpayer can mimi ‘evaniage of these lgisati procarators. Tax Planning Reduces TaxLiabilty snd Increases AterT Income : Primary objective of tx parsing isto mierie he Hail. Mima taxcaty ofan asses roars rat Income, income afte is the maxis. Tax pang i 8 {0 avoid the fa and noo evade the fox Tax saving eit Incame-nteaso, ts, thettore, nc ax saves money ead Basis of Tax Planning : Tax planning is primary based oR fromptons, dedicnos and tax rit provded nthe ncaa ‘Act An assessee get savings orl in ncome-ias espe oF Invests in such expondtureso vost as spect ne a ‘These exemptions, decucions an tax incentives encourage 3 sssesoo for tax psting. A tarpayer redone tanta OF eve hee ge naire ale eg ne “ ‘ex Panning Is # Continous Proce: Tr sai done ‘rater orovey yn Onoyurs ax paeng etree at yar pn ‘TecPaningle Sat: Tein fx arg ve much {cae ea ise bly i inca eral ear be moran eer As Bert ‘Sathovclopunswcone ventana ad expenses a ‘yt be baa eo br maura vel Fe Pho ‘rdncss av none ru eam dae artic nett tte rode ne ome ae Aan “Tha aw. tat to vee ona tan

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