TAXATION DIRECT & INDIRECT ARAVIND – 09901366442 – 09902787224
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ARAVIND – 09901366442 – 09902787224
TAXATION
DIRECT & INDIRECT
1. Mr. Bhaalla started with a grocery shop. You being the tax
consultant to Mr. haalla advise him on how the income from the grocery will be
assessed under the Income tax Act and the principles to be considered while
computing the taxable income?
2. You want to remit 1000 dollars as a payment of interest to Mr.
Albert. Your tax consultant advises that such payment can be done if relevant
procedures and guidelines for making such payment outside India are followed.
Discuss the same in the light of the different provisions of Income Tax Act.
3. Mr. Rajat owns two houses. The details with respect to let out
property is as under
Standard rent Rs 81000
Fair rent Rs 92500
Municipal valuation Rs 95000
Actual rent received is Rs 7000 per month
Municipal tax @ 15 % of Municipal valuation
Light and water charges Rs 1000 per month
Repairs: Rs 12000 per annum
Compute
a. Gross annual value of the house property.
b. Income taxable under the head Income from house property.
Assignment Solutions, Case study Answer sheets
Project Report and Thesis contact
www.mbacasestudyanswers.com
ARAVIND – 09901366442 – 09902787224

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