Business Taxation

Title
Contents
1. Introduction
	Constitution and Taxation
	Legal Instruments
	Scope of the Book
PART 1 DIRECT TAXATION
	2. Income Tax: Introduction
		Persons to whom the Act Applies
		Residential Status
		Previous Year and Assessment Year
		Heads of Income
		Exemptions
	3. Income from House Property
		Annual Value
		Annual Value of Residential Property
		Deduction from Annual Value
		Review Cases
	4. Income from Business and Profession
		Revenue Expenditure
		Receipt v. Mercantile System
		Review Cases
	5. Capital Assets and Depreciation
		Block of Assets
		Depreciation and Written Down Value
		Additional Depreciation: New Manufacturing Machinery
		Time and Cost of Acquisition
		Review Cases
	6. Business Income: Special Provisions
		Expenditure on Scientific Research
		Amortisation of Preliminary Expenses
		Deduction of Interest on Borrowed Capital
		Bad Debt
		Measures to Prevent Tax Evasion
	7. Capital and Revenue Expenditure
		Ownership, Capital Assets and Depreciation
	8. Capital Gains
		Capital Asset
		Special Transactions
		Review Cases
	9. Capital Gains: Securities
		Company and Shares
		Debentures
		Mutual Fund
		Securities Transaction Tax and Tax Exemption
		Special Transactions
		Dematerialised Securities
		Review Cases
	10. Capital Gains: Depreciable Assets
		Review Cases
	11. Income from Salary
		Salary and Dearness Allowance
		House Rent Allowance
		Retirement Benefits
		Salary and Income Tax
		Exemptions from the Act
		Calculation of Salary and Deduction at Source
	12. Income from Other Sources
		Dividend and Interests
		Hiring of Plant and Machinery
		Gift and Inheritance
		Review Cases
	13. Aggregation and Carry Forward of Losses
		Aggregation of Salary
		Aggregation of Income from House Property
		Aggregation of Income from Business and Profession
		Aggregation of Capital Gains
		Aggregation of Income from Other Sources
		Aggregation Across the Heads of Income
		Carry Forward and Set-off of Losses
		Review Cases
	14. Exemptions, Deductions and Rebates
		Deductions for Individuals—Section 80 C: Provident Fund and Life Insurance
		Rebate
		Deductions for Enterprises
		Rate of Taxation
	15. Wealth Tax and Other Themes in Income Tax
		Wealth Tax
		Tax Deduction at Source (TDS)
		Advance Tax
		Minimum Alternate Tax
		Assessment and Tax Administration
		Double Taxation
		Transfer Pricing
PART 2 INDIRECT TAXATION
	16. Introduction to Indirect Taxation
		Meaning of ‘Goods’
		Value Addition and Indirect Taxation
	17. Sale, Goods and Sales Tax
		Changing Meaning of ‘Sale’
		Sale, Work and Service Contract
		Sale and Hire-Purchase
		Sale by Clubs and Societies
		Scope of ‘Goods’
	18. Sale of Goods: Value Added Tax
		Who can be a ‘Dealer’?
		Charge of Sales Tax
		Liability to Pay Tax
		Rates for Taxation
		Tax Credit
	19. Central Sales Tax
		Central Sales Tax and Sale by Transfer of Documents
		Rate of Central Sales Tax
	20. Service Tax
		Scope of ‘Service’ Tax
		Charge of Service Tax
		Taxable Value
		Service Provider as a Pure Agent
		Service and Sale of Goods
		Time of Charge of Service Tax
		Export and Place of Service
	21. Central Excise Tax
		Manufactured or Produced Goods
		Scope of ‘Goods’
		Inclusion in the Tariff Act
		Manufacturer
	22. Central Excise Tax: Valuation of Duty
		Exclusion of Taxes
		Inclusion of Other Costs
		Time and Place of Removal
		Maximum Retail Price Based Valuation
		Others Means of Valuation
		Other Themes
23. Customs Duty
	Charge of Customs Duty
	Cargo Import
	Valuation of Goods
	Import as Baggage
	Import through Courier
	Import by Post