Taxation (Including Multiple Choice Questions) (CA Inter, New Syllabus 2023, for May 2024 Exam & Onwards, AY 2024-2025)

PRACTICAL LEARNING SERIES
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Highlights of this Book
. Latest syllabus of ICAI fully covered
. Amendments by Finance Act, 2023 highlighted
. Simplified Presentation of new GST Law
. Solved illustrations as guidance for Exam Presentation
. Circulars, Notifications and up-to-date Case Law
. Fast Track Referencer for quick revision
. Covering Topic wise MCQ's with Answers
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Description
This Latest Edition of Handbook on Taxation for CA Inter/ IPC [applicable for both New and Old Syllabus] comes in a Single volume with refreshing style and presentation, with the following special features -
1. Complete Coverage of the Income Tax Act, 1961 as applicable for the CA Inter / IPCC Level for
     both New and Old Syllabus.
2. Covers Direct and Indirect Taxes - Income Tax & Goods and Services Tax (GST) discussed
     elaborately and in lucid fashion.
3. Provisions of Law presented in a systematic and structured way.
4. Incorporation of Circulars, Notifications and up-to-date Case Law in relevant Chapters.
5. Latest Amendments made by Finance Act, 2023 highlighted and marked for easy reference.
6. Solved Illustrations as a guidance to the Student on how to present answers
   in the Examinations.
7. Quick Understanding of the topics / concepts by using Tables and Flowcharts.
8. Chapter Overview at the beginning of each Topic, to guide the student through the Topic and
     its Detailed Contents.
9. Fast Track Referencer for quick revision of all Topics both for Income Tax and GST Law, Including
       relevant Forms and Rules Index exclusive for GST Law.
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Contents
INCOME TAX
 1. Basic Concepts in Income Tax Law
 2. Residential Status and Taxability in India
 3. Exemptions under Income Tax Act
 4. Income from 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. Set off and Carry Forward of Losses
 11. Deductions under Chapter VI-A
 12A. Rebate and Relief
 12B. Advance Tax & Interest
 13. Agricultural Income
 14A. Alternative Minimum Tax (AMT)
 14. Taxation of Individuals
 15. Taxation of HUF
 16. Return of Income
 17. Tax Deducted at Source
GOODS AND SERVICES TAX (GST)
 I8A. Basic Concepts of GST
 18B. GST - Levy and Collection of Tax
 19. GST - Exemptions
 20. Time and Value of Supply
 21. Input Tax Credit
 22. Registration
 23. Tax Invoice, Credit and Debit Notes
 24A. Payment
 24B. Returns
PART-I: INCOME TAX (60 MARKS)
1. Basic Concepts
2. Residential status and scope of total income
3. Heads of income and the provisions governing computation of income unde different heads
4. Income of other persons included in assessee's total income
5. Aggregation of income: Set-off, or carry forward and set-off of losses
6. Deductions from gross total income
7. Advance tax, tax deduction at source and introduction to tax collection at soure
8. Provisions for Filing Return of Income and Self Assessment
9. Computation of total income and tax liability of individuals
PART-II: INDIRECT TAXES (GST) (40 MARKS)
1. GST IN INDIA An Introduction
2. Supply under GST
3. Charge of GST
4. Place of Supply
5. Exemptions from GST
6. Time of Supply
7. Value of Supply
8. Input tax credit
9. Registration
10. Tax invoice; Credit and Debit Notes; Electronic way bill
11. Accounts & Records
12. E-way Bill
13. Payment of Tax
14. Tax deduction at source and collection of tax at source
15. Returns
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Author Details
Shri G Sekar is a graduate in commerce and a fellow member of the Institute of Chartered Accountants of India. He is a rank-holder and Gold Medallist in the graduation examinations. His areas of specialization include Direct Taxation, Indirect Taxation, Systems Audit, Accounting Standards and Government Accounting. He is a faculty member on Taxation, at Institute of Chartered Accountants of India and its Branches. He is also a visiting faculty on the subject in management and professional institutes including Regional Training Institute of Southern Region - C & AG. He has been regularly presenting papers on Direct and Indirect Taxation and Accounting Standards at conferences organised by various institutions. His articles on Direct and Indirect Taxation have been published in law journals.
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