Introduction – Tax Structure in India under Indian Income Act – Residential status of an individual – Scope of total income and its relation with tax
Salary Income – Income from house property – Profits and gains of business or profession – Income from other source - Tax Liability (Simple Problems)
Introduction – Concepts – Company – Residential status of company and its relation with tax – Receipt of income – Accrual of Income
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)
Estate Tax –Definition - Entitlement Tax - Types – Property tax – Capital Gain Tax – Professional Tax. (Simple Problems)
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. Corporate Tax Planning by V.K.Singhania, Taxman Publication (Latest Edition) 2. Income Tax Law and Practice - V.P. Gaur & D.B Narang, Kalyani Publishers, New Delhi (Latest Edition). Note : 60 % Theory and 40% Problem