Taxation Law & Accounts Including G.S.T.

About the Taxation Law & Accounts including G.S.T. Book: 

• 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