BCOM & BBM All Study Materials

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BCOM & BBM All Study Materials & PDF Notes

GCE

INCOME TAX – II

Prepared by Dr. Gurumurthy Sir, Asst Professor of Commerce. Sincere thanks to Prof Gurumurthy sir for providing such a valuable materials.

Corporate Accounting Study Material

Unit 1: PROFITS AND GAINS FROM BUSINESS OR PROFESSION

Meaning and Definition of Business, Profession – Vocation – Expenses Expressly Allowed – Allowable Losses – Expenses Expressly Disallowed – Expenses Allowed on Payment Basis – Problems on Business relating to Sole Trader and Problems on Profession relating to Chartered Accountant, Advocate and Medical Practitioner.

Unit 2: CAPITAL GAINS 

Basis of Charge – Capital Assets – Transfer of Capital Assets – Computation of Capital Gains – Exemptions U/S 54, 54B, 54D, 54EC, 54F– Problems on Capital Gains.

Download Capital Gains

Unit 3: INCOME FROM OTHER SOURCES 

Incomes – Taxable under the head Other Sources – Securities – Kinds of Securities – Rules for Grossing Up – Ex-Interest Securities – Cum-Interest Securities – Bond Washing Transactions – Problems on Income from Other Sources.

Download Income from Other Sources

Download Solved Sums of Income from Other Sources

Unit 4: DEDUCTIONS FROM GROSS TOTAL INCOME

Deductions u/s: 80 C, 80 CCC, 80 CCD, 80 D, 80 G, 80 GG, 80 GGA, and 80 U. (80 G & 80 GG together should not be given in one problem)

Download GTI & Assessment of Individual

Unit 5: SET-OFF & CARRY FORWARD OF LOSSES AND ASSESSMENT OF INDIVIDUALS 

Meaning –Provision for Set-off & Carry forward of losses (Theory only).
Computation of Total Income and Tax Liability of an Individual Assessee (Problems– in case of income from salary & house property- computed income may be given)

SET-OFF & CARRY FORWARD OF LOSSES

BUSINESS TAXATION Bcom Study materials

Prepared by Dr. Gurumurthy Sir, Asst Professor of Commerce. Sincere thanks to Prof Gurumurthy sir for providing such a valuable materials.

Unit 1: CUSTOMS ACT 

Meaning – Types of Custom Duties – Valuation for Customs Duty – Tariff Value – Customs Value – Methods of Valuation for Customs – Problems on Custom Duty. 

Download Customs Act

Unit 2: SALES TAX / CENTRAL SALES TAX (on goods and services not covered under GST)

Meaning and Definition – Features of Sales tax / CST – Levy and Collection of duties not covered under GST– Tax Administration – Taxable value of goods and services not covered under GST – Determination of Tax Liability (Simple Problems).

Unit 3: ASSESSMENT OF FIRMS

Meaning of Partnership, Firm and Partners – New Scheme of Taxation of Firms – Assessment of Firms (Section 184) – Computation of Firm’s Business Income – Treatment of Interest, Commission, Remuneration received by partners. Problems on Computation of Firms total income and tax liability.

Unit 4: ASSESSMENT OF COMPANIES

Introduction – Meaning of Company – Types of Companies – Computation of Depreciation u/s 32 – Computation of Taxable Income of Companies – Minimum Alternative Tax (MAT) – Deductions u/s 80G, 80GGB, 80IA, 80 IB and Problems on Computation of Tax Liability.

Download Tax Under E-Environment

Download Solved Sums on GST

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