The Institute of Cost and Work Accountants of India is a professional body with the main aim of encouraging the use of scientific methods in cost and management accountancy. The Applied Direct Taxation paper as conducted by this institution is a significant one that has an objective of providing an in depth knowledge of direct tax law provisions and their applications. This paper covers knowledge over various tax inducements and benefits under them. It also gives an insight on the procedure of filing tax returns and advance payment of taxes. This paper also throws light on direct tax laws and penalties, fines and prosecution.
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Direct Taxes- Comprehensive Study. Advance payment of Tax. Practical problems and case studies under Direct Taxes. Site optimized for IE 7, FF 2 and above. To gain knowledge on procedural aspects for filing tax returns for various assesses and other statutory compliances. A comprehensive study of the Income-tax Act, ; case laws governing capital and revenue expenditure, deemed income, residence concept.
Special problems centering on the concept of assessees, registered firm, Hindu Undivided Family, Companies, Association of persons and trust, minors, cooperatives, non-resident Indians and avoidance of double taxation.
Salaries, perquisites, gratuity and retirement benefits, income from house property, capital gains, income from other sources, income from business and profession, problems arising from aggregation of income and set off and carry forward of losses,. Computation of income and Return of Income Tax, Filing procedure, Principles of valuation of movable and immovable property. Assessment, appeals, revisions, review, rectification and application to Central Board of Direct Taxes.
ICWAI Applied Direct Taxation Papers
CWA ICWA Intermediate : Group I - Applied Direct Taxation