Ignou student zone_ISZ

  IMPORTANT QUESTIONS ECO 11 1 . Explain the deduction allowed under section 801B with necessary provisions related thereto.  2. What do you mean by 'Capital Gain'? Explain the capital gain exempt from tax u/s 54EC.  3. What are the deduction allowed in computing taxable income under the head 'Income From Other Sources'? Explain with example.  4. What do you mean by 'Provident Fund'? Discuss the different types of provident fund to which a salaried employee may be a member.  5. What do you understand by'Transfer of capital asset'? State which 10 transactions are not regarded as transfer.  6. What do you mean by clubbing of income? In what circumstances is the income of one person treated as income of another? 7. a) Explain the provisions regarding deduction for interest on loan u/s 24(b) of Income Tax Act.  b) Define capital gain. Distinguish between short term capital gain and long term capital gain.  8. a) Enumerate any 6 income on which tax is ...

  IMPORTANT QUESTIONS AED 01  1. Why is international trade important in our country? Discuss with example and state the sources of information for international trade.          2. Distinguish between spot rate and forward rate. Discuss the method of dealing foreign Exchange risk.        3. Explain foreign Exchange regulations concerning exports under the exchange control regulations.    4.  What are the different types of loses related to cargo insurance? How these losses can be covered by the cargo insurance policy? Explain self certification system of quality control and inspection of export cargo.   5. Explain the procedure of custom clearance formalities along with the documentation requirements and formalities.   6 What is duty drawback scheme? Explain the procedure for claiming drawback along with documentation requirements and formalities.  7. Discuss the role of Export Credi...