ADVANCED TAX LAWS AND PRACTICE new cs professional notes paper


Posted on 10-04-2016        By ADMIN

ADVANCED TAX LAWS AND PRACTICE new cs professional notes paper Discuss the scope of the provisions, Central Government may make under section 90A(1) of the Income Tax Act-1961, in respect of agreement between specified association. (5 marks) (b) What do you understand by “Book Profit” in the context of Minimum Alternate Tax? (5 marks) (c) Explain how the arm’s length price in relation to an international transaction is computed under the comparable uncontrolled price method as per rule 10B of the Income Tax Rules, 1962. What do you mean by reverse charge mechanism in Service Tax? Give examples where such mechanism is applicable. (10 marks) (b) Briefly state the provisions relating to the procedure of registration under Service Tax. (b) Write shot note on: (i) Unjust Enrichment in Central Excise Law (ii) Anti Dumping duty. (5 marks each) 5. (a) What is “Composition scheme” under VAT. Discuss various features of composition scheme. (5 marks) (b) Explain the different methods for computation of VAT. (5 marks) (c) Determine the taxable turnover, input tax credit and net VAT payable by a works


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