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Atty. Victoria V. Loanzon Pointers in Taxation Law (2016) Sourced from UST, all rights reserved. Knowledge is best when shared. Passing on to help more kindred. :)
Taxation Law I Case Digests
Descripción: Taxation Law Bar Questions 2017
Amendments and new provisions introduced by the TRAIN Law vis-a-vis the NIRC.
PRINCIPLES OF TAXATION (SEMESTER - V) Module-I: Historical Perspective and Introduction Unit-1: Historical Perspective of Taxation Unit-2: Meaning of Tax a. Types of Tax b. Difference between Direct Tax and Indirect Tax c. Characteristics of Tax, Fee and its differences d. Difference between Tax and Duty e. Concept of Cess and Surcharge f. Principle of Ability/Capacity to pay
Unit-3: Taxation under the Indian Constitution Unit-4: Canons of Taxation and Laffer curve Unit-5: Characteristics of a Good Tax System.
Module-II: General Perspective Unit-1: Important Definitions a. Previous Year g. Agricultural Income b. Assessment Year h. Average Rate of Income Tax c. Income i. Business d. Assesse j. Capital Asset e. Person k. Company f. Total Income
Unit 2- Charge (Section 4) Unit-3: Residential Status of Assesse Unit-4: Scope of Total Income Unit-5: Income Exempt from Tax
Module-III: Income from Salaries Unit-1: Meaning and Characteristics of Salary Unit-2: Relationship of Employer and Employee Unit-3: Income from Office not amounting to Employment Unit-4: Incomes Forming Part of Salary (a. Basic Salary b. Fees, Commission and Bonus c. Taxable Value of Allowances d. Taxable Value of Perquisites e. Retirement Benefit) Unit-5: Deductions from Gross Salary (Section 16 and 8 0) Unit-6: Computation of Income from Salary
Module-IV: Income from House Property Unit-1: Basis of Charge (Section 22) Applicability of Section 22 (Buildings or lands appurtenant thereto, Ownership of house property, Property used for own business or profession, Rental income of a dealer in house property, House property in a foreign country) Unit-2: Property Income Exempt from Tax Unit-3: Computation of Income from Let Out House Property (Determination of annual value, Gross annual value, Dedu ctions under section 24) Unit-4: Computation of Income from Self Occupied House P roperty Unit-5: Deduction from Income from House Property Module-V: Income from Profit and Gains of Business or Profession Unit-1: Concept of Profit and Gains Unit-2: scope of Section 28 (Basis of Charge) Unit-3: Business, Profession and Vocation Unit-5: Different Deductions under This Head a. Schemes of Business Deductions b. Specific Deductions under this Act c. Deductions under sections 30 & 31 Module – VI Income from Capital Gains and Income from Other Sources Unit-1: Short Term and Long Term Capital Gains Unit-2: Set Off and Carry Forward Rule Module – VII Income Tax Authorities Unit-1: Hierarchy Unit-2: Appointment Unit-3: Powers: Search and Seizure- Section 132 a. Fulfillment of statutory Conditions b. Test of ‘Reason to believe’
Module-VIII: Tax Avoidance, Tax Evasion and Tax Planning Unit-1: Basic Concept of Tax Avoidance, Tax Evasion and Tax Planning Unit-2: Reason of Tax Avoidance, Tax Evasion Unit-3: Distinction between Tax Avoidance and Tax Evasion Unit-4: Recommendation of Wanchoo Committee to Fight Tax Evasion Unit-5: Effect of Tax Avoidance and Tax Evasion Module-IX: Miscellaneous
Unit-1: Service Tax Unit-2: Central Sales Tax and VAT Unit-3: Introduction to DTC Bill Unit-4: Introduction to GST Bill
Prescribed Books:
1. A C Sampath Iyengar, The Law of Income Tax, Bharat Law House 2. Chaturvedi and Pithisaria’s Income Tax Law 3. Girish Ahuja & Ravi Gupta, Direct Tax- Law and Practice 4. Girish Ahuja & Ravi Gupta, Direct Taxes Ready Reckoner (Bharat Publication) 5. Kanga, Palkhiwala and Vyas, The Law and Practice of Income Tax (Lexis Nexis Butterworths) 6. Vinod K Singhania and Kapil Singhania, Taxman’s Direct Tax- Law and Practice.
