Working knowledge.
1. | Definitions, concept of income, previous year, assessment year, residential status. |
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2. | Distinction between capital and revenue receipts and expenditure. |
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3. | Basis of charge and scope of total income (Incomes deemed to accrue or arise in India and deemed to be received in India). |
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4. | Incomes which do not form part of total income. |
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5. | Computation of total income under various heads, such as – salaries, income from house property, profit and gains of business or profession, capital gains, income from other sources. |
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6. | Income of other persons included in assessee's total income; aggregation of income and set off or carry forward of losses; various deductions to be made in computing total income, rebates and reliefs; applicable rates of taxes and tax liability. |
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7. | Taxation of every person excluding companies, viz., individuals including non–residents, Hindu Undivided Family, firms, association of persons, cooperative societies, trusts and charitable and religious institutions, etc. |
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8. | Provisions concerning procedure for filing returns, signatures, efiling, assessment and reassessment. |
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9. | Tax deducted at source, collection, recovery and refund of tax; provisions of advance tax. |
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10. | Charge of banking cash transaction tax, taxable banking transaction, value of taxable banking transaction, collection, recovery, return, assessment, rectification, interest on delayed payments, penalty, appeal, power to make rules. |
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13. | Background, Statutory provisions, taxable services, valuation, administrative mechanism and procedural aspects, rate and computation of tax. |
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14. | Assessment, levy, collection and payment of service tax, exemptions, CENVAT credit for service tax, returns, appeals, revisions, advance rulings, role of Practising Company Secretaries. |
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15. | Legislative background, concept of VAT - white paper on VAT, Report of Empowered Committee of State Finance Ministers, constitutional provisions, relationship of VAT with inter–state commerce and works contract tax, liability under VAT; withdrawal of Central Sales Tax; Goods and Service Tax; . |
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16. | Computation, procedural aspects including registration, filling of returns, rates of tax, assessment, credit and set-off, returns, refunds, audit, appeals, revision and appearances. |
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17. | Appointment, jurisdiction and powers of authorities, certifications for professionals. |
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18. | Concept of VAT on services, VAT in other countries, scope for Company Secretaries. |
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Title | Author | Publisher |
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Chartered Secretary (Monthly Journal) | | I.C.S.I., New Delhi. |
Student Company Secretary (Monthly Bulletin) | | I.C.S.I., New Delhi. |
Income Tax Reports | | Company Law Institute of India Pvt. Ltd., Tyagaraja Road, Madras. |
Taxmann | | Taxmann; 59/32, New Rohtak Road, New Delhi-110 005. |
Taxation | | Taxation; 174 Jor Bagh, New Delhi. |
Excise Law Times | | Centex Publications; Defence Colony, 1512-B, Sachdeva P.T.College of Defence Colony, New Delhi-110 003. |
Tax and Corporate Referencer | | Bharat Law House Pvt. Ltd; 22, Tarun Enclave, Pitampura, New Delhi-110 034. |