• Largest Selling Book since 1964 and over the last 58 years of its existence, the book has established a reputation for itself as the most definitive work on the subject of income tax.
• Even the last minute changes in the law have been incorporated in this revised edition of the book and as such it is the latest and most update book on Income Tax for the Assessment Year 2022-23. Further, the amendments made by the Finance Act, 2022, applicable for the Assessment Year 2022-23, have been incorporated in the book.
• The present edition of the book has several unparalleled features which make it distinct from other available text books on Income Tax.
• A simplified, systematic approach to the understanding of a complex subject written in a unique, simple and easy to understand language.
• Each topic, after a theoretical exposition, is followed by illustrations to facilitate the students to master the practical application of Income Tax Law.
• User-friendly examination-oriented style facilitating easy comprehension of each topic.
• Solved Illustrations and Questions for exercise are largest in number in comparison to other books on income tax.
• Unsurpassed for over 58 years. The book is trusted and relied upon for accuracy and reliability. Mistakeless printing on paper of superior quality at moderate price.
• Questions from latest Examination Papers of various universities have been included in the revised edition of the book.
•  At the end of each chapter, Short Answer, Objective Type and Short Numerical Questions have been added with answers.
•  A chapter on Goods and Service Tax (G.S.T.) has been included.

Taxation Law & Accounts-II Book Contents

• Significant Direct Tax Amendments by the Finance Act, 2022

1. Assessment of Hindu Undivided Families
2. Assessment of Partnership Firms
3. Assessment of Association of Persons or Body of Individuals
4. Income Tax Authorities
5. Preparation and Filing of Return of Income
6. Assessment Procedure (Including Faceless Assessment Scheme)
7. Deduction and Collection of Tax at Source
8. Advance Payment of Tax
9. Recovery and Refund of Tax
10. Appeals and Revision
11. Penalties
12. Offenses and Prosecutions
13. Mode of Acceptance or Repayment of Certain Deposits
14. Tax Planning For Individuals (Tax Planning Under Various Heads)
15. Assessment of Companies
16. Interim Board of Settlement (In Place of Income Tax Settlement Commission)
17. Board For Advance Ruling (BAR) [In Place of Authority For Advance Ruling (AAR)]
18. Survey, Search, and Seizure
19. Goods And Services Tax (G.S.T.)

Wealth Tax Act, 1957

Note: Wealth Tax has not been included in the book, since the Wealth Tax Act, 1957 has been repealed w.e.f. The assessment Year 2016-17

The post Taxation Law & Accounts-II A.Y 2022-23 appeared first on Sahitya Bhawan Publications.

• Largest Selling Book since 1964 and over the last 59 years of its existence, the book has established a reputation for itself as the most definitive work on the subject of income tax.
• Even the last minute changes in the law have been incorporated in this revised edition of the book and as such it is the latest and most update book on Income Tax for the Assessment Year 2023-24. Further, the amendments made by the Finance Act, 2022, applicable for the Assessment Year 2023-24, have been incorporated in the book.
• A simplified, systematic approach to the understanding of a complex subject written in a unique, simple and easy to understand language.
• Each topic, after a theoretical exposition, is followed by illustrations to facilitate the students to master the practical application of Income Tax Law.
• User-friendly examination-oriented style facilitating easy comprehension of each topic.
• Solved Illustrations and Questions for exercise are largest in number in comparison to other books on income tax.
• Unsurpassed for over 58 years. The book is trusted and relied upon for accuracy and reliability. Mistakeless printing on paper of superior quality at moderate price.
• Questions from latest Examination Papers of various universities have been included in the revised edition of the book.
• At the end of each chapter, Short Answer, Objective Type and Short Numerical Questions have been added with answers.

Taxation Law & Accounts-I A.Y 2023-24 Book Contents

1. Income Tax: Introduction and Important Definitions
2. Agricultural Income
3. Residence and Tax Liability (Basis of Charge)
4. Exemptions from Tax (Non-Taxable Income)
5. Income from Salaries
6. Income from Salaries (Retirement)
7. Income from House Property
8. Profits and Gains of Business or Profession
9. Determination of Income of Certain Business or Profession on a Presumptive Basis
10. Depreciation and Investment Allowance
11. Capital Gains
12. Income from other Sources
13. Clubbing of Incomes Aggregation of Incomes and Deemed Incomes 
14. Set-off and Carry forward of Losses
15. Deductions to be made from Gross Total Income while computing Total Income
16. Computation of Total Income of Individuals
17. Computation of Tax Liability of Individuals
18. Rebate and Relief of Tax
19. Income Tax Authorities
20. Securities Transaction Tax

The post Taxation Law & Accounts-I A.Y 2023-24 appeared first on Sahitya Bhawan Publications.

• Largest Selling Book since 1964 and over the last 60 years of its existence, the book has established a reputation for itself as the most definitive work on the subject of income tax.
• Even the last minute changes in the law have been incorporated in this revised edition of the book and as such it is the latest and most update book on Income Tax for the Assessment Year 2024-25. Further, the amendments made by the Finance Act, 2023 and the Finance Act, 2024 Taxation and Other Laws (Relaxation and Amendment of Certain Provisions) Act, 2021, applicable for the Assessment Year 2024-25, have been incorporated in the book.
• A simplified, systematic approach to the understanding of a complex subject written in a unique, simple and easy to understand language. Each topic, after a theoretical exposition, is followed by illustrations to facilitate the students to master the practical application of Income Tax Law.
• User-friendly examination-oriented style facilitating easy comprehension of each topic.
• Solved Illustrations and Questions for exercise are largest in number in comparison to other books on income tax.
• Unsurpassed for over 60 years. The book is trusted and relied upon for accuracy and reliability. Mistakeless printing on paper of superior quality at moderate price.
• Questions from latest Examination Papers of various universities have been included in the revised edition of the book.
• At the end of each chapter, Short Answer, Objective Type and Short Numerical Questions have been added with answers.

CO-1541 Fundamentals of Income Tax A.Y 2024-25 Book Syllabus

Module I: Introduction – Income Tax Act—Basic Concepts and Definitions of Income Tax Act— Assessment Year—Previous Year—Person—Assessee-Income-Gross Total Income—Total Income—Casual Income—Rates of Tax applicable to the Individual Assessee—Maximum Marginal Rate—Residence of Assessee (Theory only)—Scope of Total Income on the basis of Residence or Incidence of Tax ( Theory only)—Exempted Incomes—Different heads or sources of Incomes.

Module II: Income from Salaries—Meaning and definition—Allowances—Perquisites—Profits— in—lieu of Salary—Provident fund—Deductions from Salary—Computation of Income from Salaries (excluding Retirement Benefits).

Module III: Income from House Property—Basis of Charge—Exemptions—Annual Value— Deductions from Annual Value—Computation of Income from House property.

Module IV: Other heads of Income—Profits and Gains of Business or Profession—Chargeability Deductions Expressly Allowed—Expenses expressly disallowed—Expenses not deductible in certain circumstances—Deductions allowable only on actual payments—Profits taxable—Maintenance of accounts—Audit of Accounts—Computation of Income from
Business or Profession (Simple Illustrations)—Capital Gains—Basis of Charge—Capital Assets—Kinds of Capital Assets—Capital Gains exempt from tax—Computation of Capital Gains (Theory and Simple Illustrations)—Income from Other Sources—Incomes Chargeable under the head—Kinds of Securities—Bond Washing Transactions— Deductions Allowable—Disallowed Expenses—Computation of Income from Other Sources.

Module V: Computation of Tax Liability of Individual Assessee—Clubbing of Incomes and Aggregation of Incomes ( Theory only)—Set off and Carry forward of Losses (Theory only)—Computation of Gross Total Income—Deductions from Gross Total Income (Deductions applicable to the individual assessee only—80 C, 80CCC, 80 CCD, 80 D, 80 DD, 80 DDB, 80 E, 80 G, 80 GG, 80 GGA, 80 QQB, 80 RRB, 80 TTA, and 80 U)—Rebate and Relief of Tax—Securities Transaction Tax, Computation of Total Income and Tax Liability of Individuals.

Fundamentals of Income Tax A.Y 2024-25 Book Contents

1. Income Tax: Introduction and Important Definitions
2. Agricultural Income
3. Residence and Tax Liability (Basis of Charge)
4. Exemptions from Tax (Non-Taxable Income)
5. Income from Salaries
6. Income from Salaries (Retirement)
7. Income from House Property
8. Profits and Gains of Business or Profession
9. Determination of Income of Certain Business or Profession on a Presumptive Basis
10. Depreciation and Investment Allowance
11. Capital Gains
12. Income from Other Sources
13. Clubbing of Incomes and Aggregation of Incomes or Deemed Incomes
14. Set-off and Carry Forward of Losses
15. Deductions to be Made from Gross Total Income While Computing Total Income
16. Computation of Total Income of Individuals
17. Computation of Tax Liability of Individuals
18. Rebate and Relief of Tax
19. Income Tax Authorities
20. Securities Transaction Tax
    ❐ Examination Question Paper December, 2023

The post Fundamentals of Income Tax A.Y 2024-25 appeared first on Sahitya Bhawan Publications.

• Largest Selling Book since 1964 and over the last 59 years of its existence,the book has established a reputation for itself as the most definitive work on the subject of income tax.
• Even the last minute changes in the law have been incorporated in this revised edition of the book and as such it is the latest and most update book on Income Tax for the Assessment Year 2023-24. Further, the amendments made by the Finance Act, 2022 and the Finance Act, 2023, applicable for the Assessment Year 2023-24, have been incorporated in the book.
• In the chapters of ‘‘Deduction & Collection of Tax at Source’’ and G.S.T. amendments upto October 2023 have been included.
• The present edition of the book has several unparalleled features which make it distinct from other available text books on Income Tax.
• A simplified, systematic approach to the understanding of a complex subject written in a unique, simple and easy to understand language.
• Each topic, after a theoretical exposition, is followed by illustrations to facilitate the students to master the practical application of Income Tax Law.
• User-friendly examination-oriented style facilitating easy comprehension of each topic.
• Solved Illustrations and Questions for exercise are largest in number in comparison to other books on income tax.
• Unsurpassed for over 59 years. The book is trusted and relied upon for accuracy and reliability. Mistakeless printing on paper of superior quality at moderate price.
• Latest Question Paper of Kerala University with Answers has been included in the book. All Numerical Questions of the paper are from the book (with figures changed).
• At the end of each chapter, Short Answer, Objective Type and Short Numerical Questions have been added with answers.

Taxation Law & Accounts including G.S.T. Syllabus For B. Com. Semester VI of Kerala University

Module I: Assessment of Income of different persons: Hindu Undivided Family -Firms – LLP – Association of Persons – Cooperative Societies – Trusts, Charitable and Religious Institutions (Simple problems including deductions).

Module II: Corporate Taxation: Classification, tax incidence, computation of taxable income, and assessment of tax liability – Tax on the distribution of profit – Minimum Alternate Tax (MAT) – other provisions relating to the company (theory only).

Module III: Assessment Procedure: Types of returns-Due date filing the returns-E-filing-Procedure for Efiling of returns – Different forms for filing the return – Demand, Recovery, Assessment, appeal, revision, and settlement – Types of Assessment – Liability for E-Commerce transactions – PAN Procedure for the application of PAN-TAN – Methods of Tax collection-TDS-TCS – Advance payment of Tax.

Module IV: Income Tax authorities and their powers: Penalties and prosecutions applicable to the individual assessee (theory only) – procedure for the imposition of penalty fines and prosecution – concepts of tax planning -tax avoidance – tax evasion.

Module V: Goods and Service Tax: Introduction – background of GST – GST Models – Registration of dealers – Administration of GST – Chargeability – Rate of Tax – Computation of VAT – GST – filing of returns (Simple problems).

Recommended Practicals:

1. Acquire practical knowledge on the filing of returns including E-Filing.
2. Acquire practical knowledge on the procedure of applying for PAN.
3. Acquire practical knowledge of GST registration.

Taxation Law & Accounts including G.S.T. Book Contents

• Significant Direct Tax Amendments

Income Tax

1. Assessment of Hindu Undivided Families
2. Assessment of Partnership Firms and LLP
3. Assessment of Association of Persons
4. Assessment of Co-Operative Societies
5. Assessment of Trusts (Including Charitable and Religious Institutions)
6. Corporate Taxation
7. Assessment Procedure
8. Preparation and Filing of Return of Income (Including E-filling of Returns)
9. Liability For E-Commerce Transactions
10. Deduction and Collection of Tax at Source
11. Advance Payment of Tax
12. Recovery and Refund of Tax
13. Appeals, Revision and Settlement
14. Income Tax Authorities
15. Penalties
16. Offenses and Prosecutions
17. Tax Planning, Tax Avoidance, and Tax Evasion

1. Goods and Services Tax (G.S.T.)
2. Taxation Mechanism Under GST
3. Registration
4. Computation of Taxable Value and GST
5. Filing of Returns

• Examination Question Paper April 2023

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