TNOU MBA 2nd Year-Tax Management Exam Papers

Can you help me by giving the TNOU MBA-Second Year-Tax Management (MSP-32) Exam Previous Years Question Papers????

Here is the TNOU MBA-Second Year-Tax Management (MSP-32) Exam Previous Years Question Paper:

2. What do you understand by the term ‘business’
and ‘profession’?

3. What are the provisions of law relating to
preliminary expenses?

4. How will you assess the taxable income of an
individual?

5. What are the salient features of the taxation
scheme for a firm?

6. Distinguish between capital and revenue
expenditure.
7. What are the exceptions to the rule that the
income of the previous year is assessed to tax in
the assessment year?
8. Mr. Babu received the following income during
2006-07. Compute taxable income under ‘other
sources’ separately for each case :
(a) (i) Winning from Sikkim Lottery (Net)
Rs. 13,880
(ii) Winning from Horse races Rs. 2,000
(iii) Winning from cross word puzzle
Rs. 4,000
(iv) Winning from card games Rs. 10,000.
(b) (i) Winning from lottery Rs. 2,000
(ii) Winning from horse races (Net)
Rs. 20,820.
9. Give at least 10 examples of income from other
sources.

10. How will you distinguish between capital gain and
income? Why is it important to make this
distinction?
11. Explain the different types of companies.
12. How would you compute the taxable income of a
firm?

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Answered By StudyChaCha Member

You need Tamil Nadu Open University M.B.A 2nd Year Tax Management question paper, here I am giving:

1. Who is known as “Assesee”?
2. Define “Salaries”.
3. What is meant by “Business,” under Income Tax
Act?
4. Briefly explain the provision relating to set-off of
losses from casual incomes.
5. What are the prerequisites for Hindu undivided
family?

6. Explain the difference between Capital Expenses
and Revenue Expenses.
7. Mr. Ram had taken a shop on rent at monthly rent
of Rs. 2,000. He has sub-let 25% of the area to
Mr. D.K. Raj at Rs. 1,000 per month. He incurred
Rs. 4,000 on repairs of the shop. Calculate his income
from sub-letting.
8. Explain the provisions of Income Tax Act 1961
regarding carry forward.
9. What are the provisions of Income Tax Act
regarding the clubbing of income of spouse and other
family members in the income of individual? Explain.
10. Explain the provisions of the Income Tax Act
regarding the assessment of a partnership firm as
assesee under section 185.

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Answered By StudyChaCha Member