Students' Handbook on Taxation (Includes Income Tax and Goods and Service Tax Law) (B.Com & CA Inter) (For May / November 2024 Exams)

Based on the New Scheme applicable from May, 2024 Examination)
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Description
It is with a sense of satisfaction and pride the Forty Second Edition of the book is presented to the students. As in the past, many professors, faculties and students have been sending critical comments as well as appreciative feedback on the contents of the Forty First Edition. The response so received has enabled us to revise the contents and provide a better shape to the book to meet the requirements of the student fraternity. Students pursuing CA Intermediate Course, predominantly comprise of Foundation course passed out students, most of whom have joined the course immediately after completing school studies. This aspect has also been borne in mind to provide simple introduction to concepts and systematic approach to learn the subject by solving illustrations and exercises at appropriate portions. Learning the subject of Taxation (Income-tax & GST), through this book, we sincerely believe, would enable the students to successfully qualify in Examinations. In this book, due care has been taken while including or editing the contents of various chapters in accordance with the new scheme of education and training.
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Contents
Subjects
1. Syllabus for CA Intermediate Course (New)
2. Arrangement of Sections
3. Pattern of Distribution of Marks
4. Appendix - Recent Amendments -  Assessment year 2023-24
5. Suggested Answers for CA Intermediate, May 2023 Exam
6. Suggested Answers for CA Intermediate, Nov 2022 Exam
Income Tax
 1. Preliminary
2A. Basis of Charges
2B. Residential Status
2C. Scope of total income
 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
 9. Income of Other Persons, Included in Assessee’s Total Income
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. Alternative Tax Regime - Tax on Income of Individuals & HUFs
14. Alternative Minimum Tax
15. Heads of income at a Glance
16. Filing of Return of Income
17. Tax Deduction at Source and Tax Collection at Source
18. Advance Tax, Self Assessment and Interest
19. Revision – Computation of Total Income and Tax Liability
Indirect Taxes
20. GST - An Introduction
21. Taxable Supply
22. Charge of GST
23. Exemptions from GST
24. Time of Supply & Value of Supply
25. Input Tax Credit
25. Registration
26. Tax Invoice, Credit and Debit Notes
27. Payment of Tax
28. Returns
29. Computation Problems
30. Accounts and Records
31. Place of Supply
Appendix  
Multiple choice Questions & Answers
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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 since2001 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". 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 has 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 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 courses in Business Management Studies and corporate training programmes. He is in practice of the Chartered Accountancy profession for the past 11 years. He has presented papers in professional forums on technical subjects.
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