Introduction – Tax Structure in India under Indian Income Act – Residential status of an individual – Scope of total income and its relation with tax.
Income from Salary – Allowances- Perquisites- Gratuity – Pension – Deductions -Computation of salary income. Income from house property – Self occupied – Let Out – Interest on Loan- Computation of House property (Simple Problems)
Profits and gains of business or profession – Income from other sources - Tax Liability (Simple Problems)
Introduction – Concepts – Company – Residential status of company - Tax on Distribution of Profit – MAT (Minimum Alternative Tax) - Taxation with reference to Newly Established Business – Location of Business – Nature of Business – Form of Business (Simple Problems)
Wealth Tax- Capital Gain Tax – Property Tax- Professional Tax
Reference Book:
Corporate Tax Planning and Management Direct Tax Law & Practice by Girish Ahuja & Ravi Gupta ,Bharat Publication, (Latest Edition) 2. Income Tax Law and Practice - T.S.Reddy & Hari Prasad Reddy, Margham Publications, Chennai, (Latest Edition). 3. Income Tax Theory, Law & Practice - Rajavelu. K, Venkateswara Educational Publications, New Delhi (Latest Edition)
Text Book:
1. V.P. Gaur & D.B.Narang, Puja Ghai, Rajeev Puri, Kalyani, “Income Tax Law and Practice” –Kalyani publishers Delhi, (Latest Edition) 2. Corporate Tax Planning by V.K.Singhania, Taxman Publication (Latest Edition)