Practical Approach to Direct and Indirect Taxes (Income Tax and GST) (Latest Syllabus 2023, for May 2024 and Nov. 2024 Examinations)

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Description

For CA Inter, CS Exec. & CMA Inter, CFA, MBA & Graduate/ Post Graduate Students & Income Tax Departmental Exam
Problems & Solutions with MCQS, True & False Questions & Fill in the Blanks
* It enables the reader to understand the intricate problems relating to Income Tax and GST.
* A novel feature of this book is the inclusion of new chapters on GST to fulfill the needs of students of CA-Inter.
* Each chapter, in the beginning, contains summarised provisions which will help the student to recapitulate the legal aspects. It is          followed by multiple choice questions, practical problems and solutions, true or false statements, fill in the blanks which will be helpful for revision of basic concepts of tax laws.
* It also includes selected questions from examinations of various universities and professional institutes.
* It contains solutions to all the problems given in the books 'Systematic Approach to Taxation' (for CA-Inter), 'Systematic Approach to Tax Laws & Practice' (for CS-Exec.) and 'Systematic Approach to Direct Taxation'(for CMA Inter) written by the same authors.
* It contains solutions to all the problems given in the books 'Systematic Approach to Taxation' (for CA-Inter), 'Systematic Approach to Tax Laws & Practice' (for CS-Exec.) and 'Systematic Approach to Direct Taxation'(for CMA Inter) written by the same authors.
* The questions have been solved in accordance with the provisions applicable for assessment year 2023-24. The amendments made by the Finance Act, 2022 have been given at appropriate places in the book.
We acknowledge the efforts put in by Sh. Sandeep Garg, and the entire team of M/s Commercial Law Publishers (India) Pvt. Ltd. in bringing out the book in a very precise time and with excellent quality. We look forward to the comments, suggestions and criticisms from the readers.
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Contents
Part I — Income Tax
Chapter 1. Introduction
Chapter 2. Scope of Total Income & Residential Status
Chapter 3. Incomes which do not form part of Total Income
Chapter 4. Income under the Head "Salaries"
Chapter 5. Income under the Head "Income from House Property"
Chapter 6. Income under the Head "Profits and Gains of Business or Profession"
Chapter 7. Income under the Head "Capital Gains"
Chapter 8. Income under the Head "Income from Other Sources"
Chapter 9. Income of Other Persons Included in Assessee's Total Income (Clubbing of Income)
Chapter 10. Set off or Carry Forward and Set off of Losses
Chapter 11. Deductions to be made in Computing Total Income
Chapter 12. Agricultural Income & Its Tax Treatment
Chapter 13. Assessment of Individuals
Chapter 14. Assessment of Hindu Undivided Family
Chapter 15. Assessment of Firms
Chapter 16. Assessment of Association of Persons
Chapter 17. Assessment of Companies
Chapter 18. Assessment of Co-operative Societies
Chapter 19. Return of Income and Procedure of Assessment
Chapter 20. Deduction and Collection of Tax at Source
Chapter 21. Advance Payment of Tax
Chapter 22. Interest Payable by/to Assessee
Chapter 23. Refunds
Chapter 24. Penalties and Prosecutions
Chapter 25. Appeals, Revision & References
Chapter 26. Income Tax Authorities
Part II — Indirect Taxes
Chapter 1. Basic Concepts of Indirect Taxes and Introduction of GST
Chapter 2. Supply under GST
Chapter 3. Levy and Collection
Chapter 4. Exemption from GST
Chapter 5. Taxability of Composite and Mixed Supply
Chapter 6. Location of the Supplier and Place of Supply of Goods and Services
Chapter 7. Composition Levy (Composition Scheme)
Chapter 8. Time of Supply
Chapter 9. Value of Supply
Chapter 10. Input Tax Credit and its Utilisation
Chapter 11. Tax invoice, Credit and Debit Notes
Chapter 12. Registration
Chapter 13. Payment of Tax
Chapter 14. Returns
Chapter 15. Accounts and Records under GST
Chapter 16. Assessment and Audit
Chapter 17. Miscellaneous Provisions
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Author Details
Dr. Girish Ahuja did his graduation and post-graduation from Shri Ram College of Commerce and was a position holder. He got his Ph.D from Faculty of Management Studies, University of Delhi. He has been teaching Direct Taxes to students at various levels for more than 35 years, He is a Fellow of the Institute of Chartered Accountants of India (ICAI) and was placed in the merit list of both Intermediate and Final Examinations of the Institute. He is a senior faculty member of Shri Ram College of Commerce (Delhi University) and also visiting faculty member of the Institute of Chartered Accountants of India, Institute of Company Secretaries of India (ICSI) and various management institutes.He had been nominated by the Government to the Central Council of the Institute of Company Secretaries of India for two terms. He is a member of Fiscal Law Committee of ICAI and Editorial Board of ICSI. He is also on the Board of Directors of many companies and has a vast and rich experience in the field of finance and taxation.
Dr. Ravi Gupta did his graduation and post-graduation from Shri Ram College of Commerce. Thereafter, he did LL.B. from Delhi University and MBA(Finance) from Faculty of Management Studies, Delhi. He has been awarded a Ph.D. degree in International Finance by the Delhi University. He is a faculty member at Shri Ram College of Commerce(Delhi University) and also has vast practical experience in handling tax matters of trade and industry. He has been a visiting faculty member at The Indian Law Institute, The Institute of Company Secretaries of India, MFC (South Campus, Delhi University), MDI and various other Management Institutes.
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