Taxation - II

Clubbing provisions and Set Off and / or Carry Forward of Losses : Income of other persons included in Assessee’s Total Income; Aggregation of Income; Set off and / or Carry forward of losses.

 Deductions from Gross Total Income & Rebate and Relief : Deductions in respect of certain payments; Specific deductions in respect of certain income; Deductions in respect for donations for expenditure under CSR activities; Rebates and Reliefs.

Computation of Total Income and Tax Liability of various entities :

•  Individual
•  Hindu Undivided Family ‘HUF’;
•  Alternate Minimum Tax (AMT);
• Partnership Firm / LLP;

Computation of total income and Tax Liability if various entities:

• Co-operative Societies;
• Association of Person ‘AOP’ and Body of Individual ‘BOI’;
• Political Parties;
• Electoral Trusts;
• Exempt organization – Registration u/s 12A/ 12AA;

Classification and Tax Incidence on Companies : Computation of taxable income and tax liability of Company; Dividend Distribution Tax; Minimum Alternate Tax ‘MAT’; Other Special Provisions Relating to Companies; Equalization Levy.

Compliance : Permanent Account Number ‘PAN’ / Tax Collection Account Number ‘TAN’; Tax Deduction at Source ‘TDS’ & Tax Collection at Source ‘TCS’.

Advance Tax &Self Assessment Tax ‘SAT’; Returns Procedural, Signatures, E-Filing ; Fee and interest for default in furnishing return of Income ; Collection, Recovery of Tax, Refunds.

Assessment, Appeals &Revision : Assessment; Types of Assessment; Appeals; Revisions; Search, Seizure, Penalty and offences.