Corporate Tax Assessment Year 2024-25

The present edition of the Corporate Tax Assessment Year 2024-25 book has been thoroughly revised and enlarged.

Salient Features of the Book :

• Legal position as amended upto August 2024 is given.
• The law stated in the book is on the basis of the Income Tax Act, 1961 and the Income Tax Rules, 1962 as amended up-to-date, besides the Finance Act, 2024 and Circulars and Notifications issued by Central Board of Direct Taxes upto August 2024.
• 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 Corporate Tax Law.

Corporate Tax Syllabus For M. Com Semester I w.e.f. 2024-25

Unit-I: Meaning of company; Types of companies; Residential status and incidence of tax on companies. Computation of Income of company under various heads; general provisions applicable to companies for computation of gross total income.

Unit-II: Deductions from gross total income as applicable to companies, computation of tax for various types of companies, Provisions of MAT; Assessment of Insurance Companies.

Unit-III: Assessment of Charitable / Educational Institutions /Religious Trust and Political Parties; Assessment of Non-Residents and advance-ruling for non-residents.

Unit-IV: Assessment of co-operative societies, Assessment of discontinued business, Double taxation relief.

Corporate Tax Assessment Year 2024-25 Book Contents

1. Introduction
2. Computation of Total Income of Companies 
3. Computation of Tax Liability of Companies
4. Deductions From Gross Total Income
5. Assessment of  Insurance Companies
6. Assessment of Trusts
7. Assessment of Non-Residents 
8. Liability In Special Cases
   ( Including Assessment of Discontinued Business)
9. Advance Rulings For Non-Residents
10. Assessment of Co-Operative Societies
11. Double Taxation Relief