₹198.00
Scroll down for Match your questions with Sample
Note- Students need to make Changes before uploading for Avoid similarity issue in turnitin.
Another Option
UNIQUE ASSIGNMENT
0-20% Similarity in turnitin
Price is 700 per assignment
Unique assignment buy via WhatsApp 8755555879
Description
SESSION | JULY -AUGUST 2024 |
PROGRAM | MASTER OF BUSINESS ADMINISTRATION (MBA) |
SEMESTER | 3 |
COURSE CODE & NAME | DFIN303 TAXATION MANAGEMENT |
Assignment Set – 1
- What is the meaning of business connection as explained in section 9 of the Income tax Act? Provide a few suitable examples for the same?
Ans 1.
Meaning of Business Connection as per Section 9 of the Income Tax Act
The concept of “business connection” as explained in Section 9 of the Indian Income Tax Act serves as a critical foundation in determining the tax liability of a non-resident in India. It signifies a relationship or connection that establishes the presence of a business activity of a non-resident in India. This provision ensures that income arising from such a connection is taxable in India, even if the income originates outside the country.
Definition and Scope of Business Connection
According to Section 9(1)(i), a business connection refers to any relationship or arrangement between a non-resident and an Indian entity that contributes to the earning of income in India. This includes activities carried out through agents,
Its Half solved only
Buy Complete from our online store
https://smuassignment.in/online-store/
MUJ Fully solved assignment available for session July-Aug 2024.
Lowest price guarantee with quality.
Charges INR 198 only per assignment. For more information you can get via mail or Whats app also
Mail id is aapkieducation@gmail.com
Our website www.smuassignment.in
After mail, we will reply you instant or maximum
1 hour.
Otherwise you can also contact on our
whatsapp no 8791490301.
- What is double taxation avoidance agreement (DTAA) ? Explain the importance of DTAA with suitable examples. Further, explain the taxability of fee for technical services (FTS) and royalty as compared to the provisions in Income tax Act with comparative table.
Ans 2.
Double Taxation Avoidance Agreement (DTAA)
Double Taxation Avoidance Agreement (DTAA) is an important mechanism designed to mitigate the impact of double taxation on the same income earned in two countries. This is achieved through bilateral treaties between countries, ensuring equitable taxation without creating a financial burden on taxpayers.
Concept and Importance of DTAA
DTAA prevents a taxpayer from being taxed twice for the same income: once in the source country where the income originates, and again in the country of residence. India has entered into DTAA agreements with over 90
- What is a slump sale? Explain the various provisions relating to slump sale with an example? Further, explain the difference between slump sale and a demerger?
Ans 3.
Slump Sale – Meaning and Provisions
A slump sale is a transaction where a business undertaking is transferred as a going concern for a lump sum consideration without assigning individual values to the assets and liabilities. This concept is covered under Section 2(42C) of the Indian Income Tax Act. It plays a critical role in restructuring businesses, mergers, and acquisitions by simplifying the transfer of undertakings.
Meaning and Key Features
A slump sale involves the transfer of an entire business undertaking, including assets, liabilities, rights, and obligations, without
Assignment Set – 2
- Explain the concept of input tax credit in GST Act in detail with examples
Ans 1.
Input Tax Credit (ITC) in GST Act
The Input Tax Credit (ITC) is a cornerstone of the Goods and Services Tax (GST) framework, allowing taxpayers to offset the taxes paid on inputs against their output tax liabilities. ITC reduces the cascading effect of taxes and enhances transparency and efficiency in the tax system.
Concept of ITC
Under the GST regime, a registered taxpayer can
- Explain the concept of transfer pricing and its importance. What are the different methods used for calculating the arm’s length price? Which is the popularly used method and why?
Ans 2.
Transfer Pricing and Its Importance
Transfer pricing refers to the pricing of goods, services, and intangibles transferred between associated enterprises, both domestically and internationally. The concept is governed by specific regulations to ensure that such transactions reflect fair market values and do not result in tax evasion.
Concept of Transfer Pricing
Transfer pricing is significant in transactions involving multinational enterprises (MNEs), as they often engage in inter-company transactions across borders. For instance, a parent company in one country may sell goods to its subsidiary in another country at a predetermined price. To ensure that such
- What are the procedures to be followed by a startup to claim the deduction under income tax Act? Further, explain the provisions under Chapter VIA which provides deduction for a startup Company in India?
Ans 3.
Tax Deduction Procedures for Startups under Income Tax Act
Startups play a vital role in driving innovation and economic growth. Recognizing their importance, the Indian government provides various tax deductions and benefits under the Income Tax Act to support their growth. These provisions encourage entrepreneurship while addressing the unique challenges