Taxation Law And Practice Volume I

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This easy-to-read text covers the entire gamut of direct and indirect taxes. The first eight chapters deal with direct taxes and generation of income from different sources. The last five chapters focus on different forms of indirect taxes. This text lucidly explains the acts, rules, sections, laws of direct and indirect taxes with a view to integrating the relevance of these laws with tax planning.

The text fosters a clear understanding of the principles relating to computation of taxable income under each head of income. It covers different types of excise duties, methods of valuation for customs, types of transactions under the Central Sales Tax Act, variants of VAT and different methods of computation of VAT and service tax for management and professional services.

A number of solved Illustrations at the end of each chapter are provided for easy comprehension of the subject. These along with chapter-end questions consisting of short answer questions, long answer questions and exercises, enhance its value as a text.

This text is intended for the undergraduate students of management, commerce and law (BBA, BCom and BL/LLB). Students pursuing professional courses such as CA, BCS (Bachelor of Corporate Secretaryship) and the aspirants of Civil Services Examinations will also find the text immensely useful.

Preface Acknowledgements

1. INCOME TAXFUNDAMENTAL CONCEPTS

2. RESIDENTIAL STATUS

3. EXEMPTED INCOMES

4. INCOME FROM SALARIES

5. INCOME FROM HOUSE PROPERTY

6. INCOME FROM BUSINESS OR PROFESSION

7. CAPITAL GAINS

8. INCOME FROM OTHER SOURCES

9. CENTRAL EXCISE DUTY

10. CUSTOMS DUTY

11. CENTRAL SALES TAX

12. VALUE ADDED TAX

13. SERVICE TAX

Index