It is a matter of great pleasure to present this second revised edition of the book on “Direct and Indirect Tax” to the students and teachers of Bachelor of Management Studies IInd year Semester IV started by the University of Mumbai. This book is written on lines of syllabus instituted by the University. The book presentsthe subject matter in a simple and convincing language.
Contents :
1. Introduction on Taxation
2. Definitions (Sections 2 and 3)
3. Basis of Charge (Sections 4,5,6,7,8 and 9)
4. Income Exempted from Tax (Section 10)
5. Heads of Income (Section 14)
6. Salaries (Sections 15 to 17)
7. Interest on Securities
8. Income from House Property (Sections 22 to 27)
9. Income from Capital Gain and Business Profession (Sections 28 to 44)
10. Income from Other Sources
11. Deductions to be Made in Computing Total Income (Sections 80A, 80C, 80CCC, 80DD, 80E and 80U)
12. Computation of Total Income Taxes
13. Service Tax
14. Maharashtra Value-Added Tax
