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AN OVERVIEW OF TAXATION
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Table of Contents:
AN OVERVIEW OF TAXATION
What is Fiscal Policy, Canons of Taxation
Type of Taxes, Taxation Management
BASIC FEATURES OF INCOME TAX
STATUTORY DEFINITIONS
IMPORTANT DEFINITIONS
DETERMINATION OF LEGAL STATUS OF A PERSON
HEADS OF INCOME
Rules to Prevent Double Derivation of Income and Double Deductions
Agricultural Income
Computation of Income, partly Agricultural,
Foreign Government Officials
Exemptions and Tax Concessions
RESIDENTIAL STATUS & TAXATION 1
RESIDENTIAL STATUS & TAXATION 2
Important Points Regarding Income
Geographical Source of Income
Taxation of Foreign-Source Income of Residents
Exercises on Determination of Income 1
Exercises on Determination of Income 2
SALARY AND ITS COMPUTATION
Definition of Salary
Significant points regarding Salary
Tax credits on Charitable Donations
Investment in Shares
SALARY AND ITS COMPUTATION EXERCISES 1
SALARY AND ITS COMPUTATION EXERCISES 2
SALARY AND ITS COMPUTATION EXERCISES 3
Tax treatment of Gratuity
Gratuity Exercise
PROVIDENT FUND
Exemptions on Business income, Treatment of Speculation Business
Deductions Allowed & Not Allowed
Deductions: Special Provisions, Depreciation
Methods of Accounting
Taxation of Resident Company
Taxation of Companies: Exercises
Computation of Capital Gain
Disposals Not Chargeable To Tax
TAX RETURNS & ASSESSMENT OF INCOME UNIVERSAL SELF ASSESSMENT SCHEME
Normal Assessment, USAS, Provisional Assessment, Best Judgment Assessment
ADVANCE TAX COLLECTION & RECOVERY OF TAX PENALTIES & PROSECUTION
What is Value Added Tax (VAT)?
SALES TAX
SALES TAX RETURNS