Nmims 2020 solved assignments - Leo Messi, a football player visits India for 110 days in every financial year. This has been his practice for the past ten years.
Nmims 2020 solved assignments - Leo Messi, a football player visits India for 110 days in every financial year. This has been his practice for the past ten years.
Nmims 2020 solved assignments - Leo Messi, a football player visits India for 110 days in every financial year. This has been his practice for the past ten years.
For answersheets contact
info.answersheets@gmail.com
+91 95030-94040
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)
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| Nmims 2020 solved assignments - Leo Messi, a football player visits India for 110 days in every financial year. This has been his practice for the past ten years. |
For answersheets contact
info.answersheets@gmail.com
+91 95030-94040

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