The objective of this paper is to gain knowledge of Wealth Tax and Corporate Tax and their applications.
Wealth Tax Act and Rules: Definition of Wealth Tax, Charge and Scope of Wealth Tax, Deemed Assets, Exempted Assets, Valuation of Assets as per wealth tax act
Computation of Net Wealth and Wealth Tax, Procedure of Assessment, Liability for Assessment in special cases, Appeals, Revisions and References, Payment , Recovery and Refund of Wealth Tax.
Assessment of Companies- Detailed Study of Income Tax law and rules with reference to assessment of companies. Computation of Tax Liability. Assessment Procedure.
Assessment of Co-Operative Societies- Detailed Study of Income Tax law and rules with reference to assessment of Co-Operative Societies. Computation of Tax Liability. Assessment Procedure.
Assessment of Non- Residents& Charitable Trust- Detailed Study of Income Tax law and rules with reference to assessment of Non-Residents and Charitable Trust. Computation of Tax Liability. Assessment Procedure.
1. Professional Approach to Direct Taxes- Girish Ahuja& Ravi Gupta( Bharat Law House Pvt Ltd, New Delhi 2. Wealth Tax and Corporate Tax- Patel, Chouduhary, Sharma, Modi, Bardiya(Choudhary Praskashan) 3. Income Tax and Central Sales Tax- B.B Lal, N Vashisht (Pearson Education)
1. Direct Tax Laws- T.N Manoharan, Snowwhite Publications (P) Ltd 2. Direct Tax Law and Practice- V.K Singhania (Taxmann Publication, New Delhi) 3. Law and Practice of IncomeTax, Mr Dinkar Pagare, (M/S Sultan Chand& Sons) 4. Income Tax for Students-Sharad Bhargav, (Mashbara Industries) 5. Income Tax; Law and Accounts:- H.C Mehrotra(Sahitya Bhawan)