Dear students, get fully NMIMS solved assignments
by professionals
Do send your query at :
or call us at :08263069601
NMIMS
Global Access School for Continuing Education (NGA-SCE)
Course:
Taxation- Direct and Indirect
1. Leo Messi, a football player
visits India for 110 days in every financial year. This has been his practice
for the past ten years.
Explaining the conditions to
determine the residential status, find out his residential status for the
assessment year 2019-20. Also, comment on whether he is resident but not
ordinarily resident during the
previous year 2018-19 (10 Marks)
2. GST has made tax structure simple
and clear. It brings better compliance and ensures more transparency in
business affairs. GST has facilitated desired competition and coordination
between central and state authorities. Discuss any five points highlighting the
benefits of GST. (10 Marks)
3. a. Mr. Abraham is one of the whole
time director of Sidha Shila Group of companies He receives Rs 50000 per month
as sitting fees from the company for the financial year.
He is also an active partner in
Sankalp LLP (limited liability partnership) from where he receives Rs 50000 as
salary per month for the financial year
Discuss about chargeability of such
income in the hands of Mr. Abraham, for the financial year 2019-20 (5
Marks)
3. b. Mr. Mohsin is an employee of
L& T Infra. The company provides an interest free
loan to Mr. Mohsin for three years.
The loan amount was Rs 75000 for medical treatment in respect of tuberculosis
Discuss with suitable reasons, the
value of the benefit to the assesse resulting from the interest free loan
provided by the company to Mr. Mohsin.
(5 Marks)
Dear students, get fully NMIMS solved assignments
by professionals
Do send your query at :
or call us at :08263069601
No comments:
Post a Comment
Note: only a member of this blog may post a comment.