Income Tax-I, II
Keywords:
Income Tax, Income Under Capital Gains, Cost of Acquisition, Cost of Improvement, Indexation of Cost, Capital Gains Exemption, Calculate Capital Gains (CG), Income from Other Sources, Grossing Up, Clubbing of Income, Deduction U/S 80, New Tax Regime Eligibility, Assessment, Tax Planning, Tax Management, Hindu Undivided Family (HUF) Tax Planning, Association of Persons (AOP), Income Tax Authorities, Tax Deducted at Source, Tax Collected at Source [TCS]Synopsis
INCOME TAX- I, II book's primary goal is to increase public awareness of the fundamental concepts of taxation from a policy, legal, and administrative standpoint while providing readers with a fair assessment of the rights and obligations associated with taxation. The book explains taxation in various legal systems, lays out current principles of taxation from both an economic and legal standpoint, discusses tax law sanctions, and outlines considerations for the design of substantive and procedural tax laws.
However, these days, the government intervenes as soon as it can and changes the law quickly to eliminate any potential for tax planning of this kind. Consequently, there is a need for a concise Practice Specific Commentary on Income Tax that can be used as a useful tool for income-tax consultants, as opposed to a text book that can be used for both professional and student consultations. Taxes are a mandatory financial charge imposed by the government on individuals and companies to fund various public expenditures and government programmes.
This course covers the concepts of financial structure, imposition of taxes, maintaining accounting records, and overseeing monetary arrangements, with special attention paid to tax evaluation. Individuals will gain practical and theoretical knowledge of accounting, direct taxation, indirect taxation and auditing. Courses on taxation are available across certification, undergraduate, postgraduate and diploma levels.
