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For answersheets contact info.answersheets@gmail.com +91 95030-94040 Taxation Direct & Indirect 1. Government imposes direct taxes on the income earned and generated by businesses. Are these taxes burden on the public or these taxes are an instrument of social and economic policy in the hands on government. Express your opinion with suitable examples. (10 Marks) 2. “One nation one tax.” Goods and service tax is a comprehensive, multistage and value added tax which is collected by both, the Central as well as State Government. GST replaced several taxes levied and collected in the nation over a period of time. Prepare a presentation mentioning briefly explaining, pattern of tax before GST, the types of taxes replaced by GST and salient features of GST. (10 Marks) 3. Mr. Amolak, aged 52 years furnishes the following information relation to premium on mediclaim policy paid by cheque for the year ending 31.3.2019  For self- Rs10000  For spouse, aged 48 years Rs 9500  For dependent mother aged 72 years- Rs7500  For dependent mother in law, aged 64 years- Rs 5000  Cash paid for preventive health checkup of self and spouse – Rs 8000


 Medical expenditure for dependent father aged 83 years- Rs30000 a. Compute the deduction under section 80D of the Act. (5 Marks) b. What if, the above premium was paid in cash, would your answer be different? Also, discuss the provisions mentioned under Section 80 D of the Act (5 Marks)

For answersheets contact info.answersheets@gmail.com +91 95030-94040

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2019 NMIMS READY ASSIGNMENTS - Mr. Amolak, aged 52 years furnishes the following information relatio  

For answersheets contact info.answersheets@gmail.com +91 95030-94040 Taxation Direct & Indirect 1. Government imposes direct taxes on th...

2019 NMIMS READY ASSIGNMENTS - Mr. Amolak, aged 52 years furnishes the following information relatio  

For answersheets contact info.answersheets@gmail.com +91 95030-94040 Taxation Direct & Indirect 1. Government imposes direct taxes on th...

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