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This book is an authentic, up to date &amp; amended textbook on Income Tax &amp; GST for students of CA Intermediate (May/Nov. 22), CS Executive (June/Dec. 22), CMA (June/Dec. 22), B.Com., M.Com., MBA, and other Professional Examinations.
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Income Tax
Basic concepts that one must know
Residential status and its effect on tax incidence
Income that is exempt from tax
Income under the head &#x2018;Salaries&#x2019; and its computation
Income under the head&#x2019; Income from house property&#x2019; and its computation
Income under the head&#x2019; Profits and gains of business or profession&#x2019; and its computation
Income under the head&#x2019; Capital gains&#x2019; and its computation
Income under the head&#x2019; Income from other sources&#x2019; and its computation
Clubbing of income
Set-off and carry forward of losses
Permissible deductions from gross total income
Meaning of agriculture income and its tax treatment
Individuals &#x2013; Computation of taxable income
Hindu undivided families &#x2013; Computation of taxable income
Firms and association of persons &#x2013; Computation of taxable income
Return of income
Advance payment of tax
Deduction and collection of tax at source
Interest payable by assessee/Government
GST
Basic concepts of GST
Concept of Supply
Levy of GST
Exemptions from GST
Place of supply
Time of supply
Value of taxable supply
Reverse charge mechanism
Input tax credit
Composition Scheme and Alternative Composition Scheme
Registration
Tax invoice, credit and debit notes
Returns, tax payment and interest
Provisions governing Real Estate Services
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