Paper – III: PRINCIPLES OF TAXATION LAW
Reflections, Judgments, and Legal Insights
Unit - I:
- 1.Constitutional Provisions - Arts
- 265 to 289 - Scope of Tax Laws: b
- Tax and Fee
- Capital Receipt and Revenue Receipt distinguished
Unit-II:
- 1. Direct Tax Laws :
- Income Tax Law:
- Historical out line,
- Definitions
- ‘Income’
- ‘Agriculture Income’
- Previous Year’ and Assessee’ Incidence of Tax and Residential Status.
- Statutory exemptions (Ss 10 to 13A) classification of Income and Heads of Income (Ss 14 to 59): b.
- Assessment (Ss.109 to158) Collection and Recovery of Tax (ss19A-234) Double Taxation Relief Clubbing of Incomes Ss50-66).
- 2. Income Tax Authorities, Settlement of cases (S.245).
- Appeals and Revisions (Ss 246- 269), Penalties, offences and prosecution (Ss 270-280).
Unit-III:
- 1. Wealth Tax Act: Definitions of Asset, Net Wealth.
- Valuation Date Deemed Assets, Exempted Assets.
- 2. Indirect Tax Laws: a) Central Sales Tax Act. 1956
- Historical outline
- Definitions
- A detailed study of Ss. 4 to 6A
- Registration of Dealers
- Liability in special cases (Ss 16 to 18): b)
- A.P. General Sales Tax Act, 1957,
- Definitions:
- Business
- Dealer
- Casual Dealer
- Total turn-over
- Registration of dealers (S. 12) Sales Tax Authorities (Ss 3 and 4).
Unit-IV:
- 1.VAT
- Scope of VAT
- problems and prospects in its application
Books Recommended:
1 Dr. Vinod K. Singhania, Student Guide to Income Tax, Taxman.
2 Dr. Vinod K. Singhania, Direct Taxes Law & Practice, Taxman Allied Service Pvt. Limited.
3 Myneni S.R., aw of Taxation, Allahabad Law Series.
4 Kailash Rai, Taxation Laws, llahabad Law Agency.
5 Dr. Gurish Ahuja, Systematic Approach to Income Tax, Bharat Law House Pvt. Limited, Delhi
6 V.S. Datey: Law and Practice Central Salkes Tax Act, 2003, Taxman Publications.
7. Nani Palkivala: Income Tax, Butterworths Publications.
8. Dr. GK Pillai, VAT- A Model for Indian Tax Reforms
9. Naidu’s Sales Tax Act
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