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Important of Corporate Tax Planning

This document outlines important questions on corporate tax planning across five units. It covers topics such as the relationship between residential status and tax incidence, definitions of widely and closely held companies, the differences between tax evasion, avoidance and planning. It also discusses provisions for carrying forward losses, incentives for business location selection, deductions and exemptions, tax planning characteristics and scope, capital gains taxation, income from house property computation. Additionally, it includes questions on dividend policy tax considerations, inter-corporate dividend taxation, bonus share issuance tax effects, tax incentives for amalgamated companies, factors for make-or-buy decisions, and tax implications of shutting down a loss-making business. The document provides an overview of key corporate tax planning concepts and

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4K views2 pages

Important of Corporate Tax Planning

This document outlines important questions on corporate tax planning across five units. It covers topics such as the relationship between residential status and tax incidence, definitions of widely and closely held companies, the differences between tax evasion, avoidance and planning. It also discusses provisions for carrying forward losses, incentives for business location selection, deductions and exemptions, tax planning characteristics and scope, capital gains taxation, income from house property computation. Additionally, it includes questions on dividend policy tax considerations, inter-corporate dividend taxation, bonus share issuance tax effects, tax incentives for amalgamated companies, factors for make-or-buy decisions, and tax implications of shutting down a loss-making business. The document provides an overview of key corporate tax planning concepts and

Uploaded by

raj10420
Copyright
© Attribution Non-Commercial (BY-NC)
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as DOCX, PDF, TXT or read online on Scribd
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IMPORTANT QUESTIONS OF CORPORATE TAX PLANNING

UNIT -I 1) Explain the relationship between residential status & incidence of tax? Or Explain the residential status of a company 2) Define company in which the public are substantially interested. Or What do you mean by widely held company and closely held company? 3) Explain the term tax evasion tax avoidance and tax planning. Distinguish between tax evasion and tax avoidance. 4) Discuss the provisions regarding carry forward and set off of losses under income tax act 1966? UNIT -II 1) What incentives have to be kept in mind while selecting location of business? 2) Discuss the various provisions. Regarding the deductions and exemptions. In additional tax on undistributed profits. 3) What is the tax planning? Discuss its characteristics & scope Or Tax planning is legal & moral way of tax saving discuss the statement and describe its importance. 4) Discuss the short term and long term capital gains. 5) Computation of income from house property, with a suitable example. UNIT III 1) Explain the tax considerations to be kept in mind while deciding dividend policy of a company. Or A newly established company xyz ltd. wants to determine its dividend policy. The company has approached to you (as a tax expert) for detailed advice as a matter of tax planning. You are required to write a report that is to be sent to the company, along with explanations, if necessary. 2) Discuss the taxation of inter-corporate dividends. What measures of tax planning would you suggest with regard to inter corporate dividends. 3) Explain the following a) Inter corporate dividends b) Interim dividends c) Taxation of dividends / dividend distribution tax d) Deemed dividend u/s 2(22) 4) R ltd. An Indian company wants to issue bonus shares to its equity shareholders. As a tax expert, analyze the tax effects of the issue of bonus shares. Or Comment on following; a) Tax planning to capital structure decisions.

b) Tax planning to bonus shares. c) Requisites of a successful tax planner. UNIT IV 1 What tax incentives has been provided to shareholders of amalgamating company Or Explain the concept of amalgamation in relation to companies under the income tax act and related tax planning. Or Write a note on tax incentives to amalgamated company What are the implications of tax laws in relation to amalgamation? A. Tax free zone B. 100% export oriented undertaking UNIT -V 1. What are the factors to be considered? While making lease or buy decisions. ? When a leasing be preferred over purchase. ? Or Explain the various tax considerations involved in make or buy decisions 2. Explain the tax considerations to be kept in mind while deciding on shut- down or continue of a loss making business, which also has unabsorbed depreciation. Or Discuss the various tax implications of shutting down a business.

Prof.Naresh yadav Sirts MBA 8959950077 [email protected]

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