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Description
Direct Tax Laws - May & November 2010 Examinations (For CA Final, C.S., C.S., C.W.A., M.Com., L.L.B., M.B.A. Courses)
• Concise Presentation of the Provisions of the Income Tax Act and Wealth Tax Act as
amended by the Finance Act, 2009 relevant for students pursuing academic and
professional courses. The concept of tax planning and planning with reference to various
sources of income are specifically dealt with.
• Easy approach to learn the principles relating to computation of taxable income under
each head of income together with suitable formats prescribed. Apt illustrations, case
studies and exercise provided. Answers to unsolved exercises are given at the end of
each exercise.
• Updated Rules, Important Circulars and case law as reported upto April, 2010 are
cited. Amendments made to Income-Tax Act and Wealth-Tax Act by the Finance
(No.2) Act, 2009, though incorporated at appropriate places are given separately in-
Appendix I – So as to enable effective revision by the students.
Appendix II – Contains summary of Key Points of all the chapters discussed in the book in order to enable the students to have effective revision;
Appendix III - gives the list of Supreme Court decisions referred to and discussed in this book with page numbers in order to enable easy access for the students.
Answers to the past 40 examinations of C.A. final are regrouped and given at the end of each Chapter.
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Contents
Syllabus of C.A. Final
Syllabus for C.S. Executive Programme
Syllabus for C.W.A. Intermediate
Arrangement of Sections
Suggested Answers for C.A.Final, November 2009 Exam
Suggested Answers for C.A. Final, May 2010 Exam
Appendix - I Amendments for Assessment Year 2010-11
Recent case law
1. Preliminary
2. Basis of Charges
3. Incomes which do not form part of Total Income
4. Computation of Total Income
4A. Salaries
5. Income from House Property
6. Profits and Gains of Business or Profession]
7. Capital Gains
8. Income from Other Sources
Heads of Income - At a glance
9. Income of Other Persons, included in Assessee’s Total
10. Aggregation of Income and Set Off or Carry Forward of Loss
11. Deduction to be made in Computing Total Income
12. Rebates and Relief
13. Income tax Authorities
14. Procedure for Assessment
15. Appeals and Revisions
16. Double Taxation Relief
17. Special Provisions relating to Avoidance of Tax
18. Assessment of Non-Residents, Foreign Companies etc.
19. Liability in Special Cases
20. Special Provisions Applicable to Companies
21. Special Provisions Applicable to Firms
22. Collection, Recovery of tax and Refunds
23. Settlement of cases
24. Requirement as to mode of acceptance, payment or repayment in certain
cases to counteract evasion of tax
25. Penalties imposable
26. Offences and Prosecution
27. Miscellaneous
28. Tax Planning
29. Wealth tax Act
30. Summary of Key points for revision
Procedural Law – Important Expressions
Appendix II – Supreme Court Decisions
Subject Index
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Author Details
T.N.Manoharan, a fellow member of the Institute of Chartered Accountants of India (ICAI), is a post graduate in commerce and a law graduate from Madras University. He is a rank holder in C.A. Intermediate Examination. He was a member of the Council of ICAI for 6 years since 2001 and held the position as its President during 2006-07.
He was a visiting faculty on the subject of Taxation at SIRC of ICAI. He was also a visiting faculty of few professional and management institutions. The author has presented papers in seminars and conferences organized by various forums in the country and in international forums in abroad.
He has authored various books such as "Real Estate Transactions - Tax Implications" an ICAI Publication, "Depreciation and Losses under I.T. and Company Law", a Bombay Chartered Accountants Society Publication and "Immovable Property Transaction and Income-tax Implications", an Andhra Pradesh Tax Bar Association Publication. He is also a co-author of the book on "Settlement Commission and Authority for Advance Rulings". He has also authored the text book titled "Direct - Tax Laws" for C.A. Final and other professional courses.
Mr. Manoharan was a member of the International Accounting Education Standards Board of the International Federation of Accountants. He was the Chairman of the committee on Education and center of Excellence of South Asian Federation of Accountants (SAFA).
Mr. Manoharan is Awarded "Padma Shri" by the President of India.
Mr. G. R. Hari
Mr. G. R. Hari is a Fellow Member of the Institute of Chartered Accountants of India (ICAI) and a Commerce graduate from the University of Madras. He is a faculty in Loyola Institute of Business Administration (LIBA), Chennai for their Post Graduate course in Business Management Studies and corporate training programmes. He is in pratice of the Charatered Accountancy profession for the past 11 years. He has presented papers in Educational Institutions and Professional forums on technical subjects.
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