vu mgt602 Mid Term Subjective Solved Past Paper No.3

vu mgt602 Entrepreneurship Solved Past Papers

This subjective solved past paper is related to book/course code vu mgt602 Entrepreneurship which belongs to vu organization. We have 3 past papers available related to the book/course Entrepreneurship. This past paper has a total of 4 subjective questions belongs to topic Mid Term to get prepared. NVAEducation wants its users to help them learn in an easy way. For that purpose, you are free to get prepared for exams by learning subjective questions online on NVAEducatio.

NVAEducation also facilitates users to download these solved past papers with an affordable prices. However, users are not enforced to pay for money, rather they can use credits to buy such stuff on NVAEducation. Users can earn credits for doing some little tasks and then you will be able to use that credits to buy solved past papers on NVAEducation.

Question 1: Why Government levy tax on Person? What are the important elements that take into consideration while levying tax?

Answer:

Governments provide a variety of services to the people they serve. In order to pay for these services, the government levies taxes on the citizens and companies who benefit from these services. The government must also make payments on any money borrowed to sustain past operations. Also, the government levies taxes to alter the behaviors of its citizens and the companies that do business in the country.

Question 2: Why the right to acquire share is not chargeable to tax under Employee Share Scheme section 14. Under what condition the right to acquire share under section 14 is taxable?

Answer:

Employee Share Schemes sec 14:

The value of a right or option to acquire share under this scheme shall be not chargeable to tax.

Where shares issued are subject to a restriction on transfer of the shares

a) no amount shall be chargeable to tax under the head Salary until the earlier of

i. the time the employee has a free right to transfer the shares; or
ii. the time the employee disposes of the shares &

b) the amount chargeable to tax to the employee shall be fair market value of shares at the time employee has free right to transfer as reduced be any amount given as consideration for the grant of a right or option to acquire the shares.

Where in a tax year an employee disposes of a right or option to acquire shares under an employee share scheme, the amount chargeable to tax shall include the amount of any gain made on the disposal computed accordance with the following formula:

A-B

Where A is the consideration received from the disposal of the right or option. B is the employee's cost in respect of the right or option.

Question 3: A Company reports its past six year's growth at 10%,14%,12%,10% ,-10% and 12%. Calculate the Geometric mean of the company.

Answer:

Here is formula calculate yourself
G = [(1 + TR1) (1 + TR2) ... (1 + TRn)]1/n - 1

Question 4: Describe the acts which can be included in worship (ibbadat) ?

Answer:

Be the first to post an answer to earn 100 credits.