Taxation Cook Book Bundle

3 + 1 High Quality Taxation Cook Books
Easy language, to-the-point concepts
Easy PDF download
All-in-One Tax Toolkit: Master GST, Direct Taxes, and Indirect Taxes in one comprehensive bundle, providing a complete toolkit for financial understanding.

National Market Insights: Explore a unified national market created by GST and understand how taxes shape local and national economies.

Transparent Transactions Handbook: Master transparent transactions by learning how taxes are integrated into prices.

Savings and Investment Guide: Comprehensive guide for tax-smart investments, navigating Direct Taxes for savings and wealth growth.
What exactly do I get in this?

3 + 1 Pack Bundle

What’s Covered?

Table of content

• Introduction

• Understanding GST Basics

✔ What is GST?

✔ A Beginner’s Guide to Goods and Services Tax

✔ GST in India

✔ Exploring the Indian Context

✔ Why GST?

✔ Benefits and Purpose Made Simple

✔ How Does GST Work?

✔ Unraveling Supply Chains and Processes

✔ When Will GST be Introduced in India?

✔ An Insight into the Timeline

• Key Concepts in GST

✔ Rate of GST

✔ Decoding GST Rates

✔ Ten Things You Must Know About GST

✔ Essential Insights for Beginners

✔ Getting GST Ready – Five Steps

✔ Simple Steps for Beginners

✔ Chronology on GST – Past, Present, and the Future

✔ A Beginner’s Journey through GST History

• Legal Aspects of GST

✔ Draft Statutory Provisions

✔ Understanding the Legal Framework

✔ Constitutional Amendment Bill

✔ Overview of 122nd Constitutional Amendment Bill

✔ Simplifying the Amendment

✔ Report of Rajya Sabha on Constitutional Amendment Bill

✔ A Closer Look at the Report

• Reports on GST Processes

✔ Overview of Various Reports

✔ Navigating Reports for Beginners

✔ Summary of Report on GST Rates

✔ Grasping the Essentials

✔ Understanding GST Returns

✔ A Beginner’s Guide to Filing Returns

✔ Guide to GST Registrations

✔ Simplifying Registration Processes

✔ Navigating GST Refunds

✔ Demystifying the Refund Process

✔ Managing GST Payments

✔ A Beginner’s Handbook on Payments

✔ First Discussion Paper on GST

✔ Initiating Discussions for Beginners

• Practical Insights and Readiness

✔ Reports on Business Processes – Clarity for Beginners

✔ Making Business Processes Clear

✔ Corporate India’s Journey to Becoming GST-Ready

✔ Lessons for Beginners

✔ Navigating GST Challenges for Corporate India

✔ Addressing Common Concerns

✔ Key Articles on GST – Must-Read Links

✔ Essential Reading for Beginners

• International Perspective

✔ Global Scenario of GST

✔ Comparisons and Contrasts

• Basics of Indirect Taxes

✔ Understanding Indirect Taxes

✔ Beginner’s Introduction

✔ Implications of Indirect Taxes on Various Transactions

✔ How Indirect Taxes Affect Transactions

✔ Inefficiencies in the Current Indirect Tax System

✔ Identifying and Addressing Challenges

• Indian Indirect Tax System

✔ Overview of Existing Indirect Tax System in India

✔ An Overview for Beginners

• Committees and Illustrations

✔ Committees on GST

✔ A Beginner’s Guide to Committees

✔ Illustrations

✔ Real-world Examples for Better Understanding

Table of content

• Introduction and Basic Concepts

✔ Introduction and Objectives

✔ Assessment Year

✔ Previous Year

✔ Person

✔ Assessee

✔ Assessment

✔ Income

✔ Gross Total Income

✔ Total Income

✔ Scheme of charging income tax

✔ Self Examination Questions

• Basic of Charge and Incidence of Tax

✔ Introduction and Objectives

✔ Basic Charge of Income Tax

✔ Residential Status

✔ Residential status and incidence of tax

✔ Income deemed to be received in India

✔ Income deemed to be ‘accrue or arise’ in India

✔ Receipt vs. Remittance

✔ Actual receipt Vs Deemed Receipt Total Income

✔ Receipt vs. Accrual

✔ Basis of Charge of Dividend Income

✔ Heads of Income

• SALARIES

✔ Introduction and Objectives

✔ Basis of Charge and Meaning and characteristics

✔ Scope of salary income

✔ Tax Treatment of some receipts

✔ Taxable Value of Cash Allowances-

✔ Taxable Value of Perquisites

✔ Classification of Perquisites

✔ Valuation of Perquisites

✔ Profits in lieu of Salary

✔ Deductions -Entertainment Allowance, Profession Tax

• INCOME FROM HOUSE PROPERTY

✔ Introduction and objectives

✔ Basis of Charge

✔ Deemed owner

✔ Income Exempt U/s 10

✔ Computation of income from house property

✔ Miscellaneous- Arrears , Losses , TDs and no other deductions

• PROFITS AND GAINS OF BUSINESS OR PROFESSION

✔ Introduction and objective

✔ Concept of business

✔ Scheme of computation

✔ Deductions Expressly Allowed Under The Act

✔ Specific Deductions -S.36

✔ General deductions

✔ Specific Disallowances

• CAPITAL GAINS

✔ Introduction and Objectives

✔ Basis of charge S.45/ 46A

✔ Capital asset – S. 2(14)

✔ Types of assets – Short Term & Long Term

✔ Transfer –S.2(47)

✔ Types of Capital Gains – S 2(29A/B)/( 42A/B)

✔ Period of holding

✔ Computation of Capital Gains

✔ Value of Consideration

✔ Cost of Transfer

✔ Cost of Acquisition

✔ Fair Market Value

✔ Transactions covered u/s 49(1)

✔ Cost of improvement

✔ Indexed cost of acquisition /improvement

✔ Transactions not regarded as transfer

• INCOME FROM OTHER SOURCES

✔ Introduction & Objectives

✔ Basis of Charge

✔ Incomes specifically chargeable u/s 56

✔ Other incomes chargeable u/s 56

✔ Some specific incomes – gifts, dividend

✔ Deductions

✔ Amounts not deductible

✔ Miscellaneous- Balancing charge, Method of accounting

• EXCLUSIONS AND DEDUCTIONS

✔ Introduction and Objectives

✔ Exemptions and deductions

✔ Income exempt under section 10

✔ Agricultural income-S10(1)

✔ Receipts by a member from a Hindu Undivided Family-S 1092

✔ Share of profit of a partner in a firm –S10( 2A)

✔ Income of minor Child –S.10(32)

✔ Dividend Income –domestic companies-S10(34)

✔ Dividend Income- Mutual fund units- S10(35)

✔ Other Exemptions

✔ Deductions –S.80 –Chapter VIA

✔ Investments –S80C

✔ Pension Plan –S 80CCF

✔ Mediclaim -80D,

✔ Physical Disability -80DD,

✔ Treatment f major diseases -80DDB,

✔ Interest on educational Loans 80E,

✔ Physical Disability(Own)-80U:

• COMPUTATION OF TOTAL INCOME

✔ Introduction and Objective

✔ Typical Illustrations on computation of income

✔ Filing of Returns

✔ Advance Tax

Table of content

• Introduction to Indirect Taxes

✔ Objectives Introduction

✔ Basic Features of Indirect Taxes

✔ Advantages/Merits of Indirect Taxes

✔ Disadvantages/Demerits of Indirect Taxes

✔ Indirect Tax System in India

✔ Indirect Taxes in Post Reforms

✔ Service Tax

✔ Customs Duty

✔ What is the difference between Direct Tax and Indirect Tax?

✔ Indian Taxation Structure

✔ Double Tax Avoidance Treaty

✔ Summary

✔ Keywords

✔ Review Questions

✔ Further Readings

• Central Excise Duty

✔ Objectives Introduction

✔ Definition and Concepts of Central Excise Duty

✔ Factory

✔ Goods

✔ Manufacture or Production

✔ Manufacturer

✔ Excise Ability and Manufacture

✔ Procedure for Central Excise Registration and grant of Registration Certificate

✔ Summary

✔ Keywords

✔ Review Questions

✔ Further Readings

• Classification and Valuation of Excisable Goods

✔ Objectives Introduction

✔ Classification of Excisable Goods

✔ Scheme of Classification

✔ Broad Grouping in CETA

✔ Trade Parlance Theory

✔ Valuation of Excisable Goods

✔ Valuation under Central Excise

• Various Authorities under Excise Law

✔ Introduction

✔ Authorities under Excise Law

✔ SECTION 35A. Procedure in Appeal

✔ SECTION 35B. Appeals to the Appellate Tribunal

✔ SECTION 35C. Orders of Appellate Tribunal

✔ SECTION 35D. Procedure of Appellate Tribunal

✔ SECTION 35E. Powers of Committee of Chief Commissioners of Central Excise or Commissioner of Central Excise to pass certain orders

✔ SECTION 35EE. Revision by Central Government

✔ SECTION 35F. Deposit, pending appeal, of duty demanded or penalty levied

✔ SECTION 35FF. Interest on delayed refund of amount deposited under the provision to Section 35F

✔ SECTION 35G. Appeal to High Court

✔ SECTION 35H. Application to High Court

✔ SECTION 35-I. Power of High Court or Supreme Court to require statement to be amended

✔ SECTION 35J. Case before High Court to be heard by not less than two judges

✔ SECTION 35K. Decision of High Court or Supreme Court on the case stated

✔ SECTION 35L. Appeal to the Supreme Court

✔ SECTION 35M. Hearing before Supreme Court.

✔ SECTION 35N. Sums due to be paid notwithstanding reference, etc.

✔ SECTION 35-O. Exclusion of time taken for copy

✔ SECTION 35P. Transfer of certain pending proceedings and transitional provisions

✔ SECTION 35Q. Appearance by authorised representative

✔ SECTION 35R. Appeal not to be filed in certain cases

• Clearances of Excisable Goods

✔ Objectives Introduction

✔ Rules for clearance or removal of goods under Central Excise Rules

✔ Conditions and Limitations

✔ Sealing of goods and examination at place of dispatch

✔ Dispatch of goods by self-sealing and self-certification

✔ Examination of goods at the place of export

✔ Procedure for Export to all countries (except Nepal and Bhutan) without Payment of Duty

✔ Remission of duty on goods used for special Industrial purposes

✔ Determination of Value

✔ CENVAT

• Service Tax

✔ Objectives Introduction

✔ Section 65A

✔ Director General (Service Tax)

✔ Existing scheme for levy, assessment and collection of Service Tax in India

✔ Legal Provisions

✔ Administrative Mechanism

✔ Rectification of Mistake

✔ Challenges before the Service Tax Administration in India

✔ Electronic Tax Administration

✔ Provisions of Input Tax Credit

✔ Procedure for Service Tax Registration

✔ Computation of Service Tax

✔ Audit and Inspections

• Collection and Recovery of Service Tax and Assessment Procedure

✔ Objectives Introduction

✔ Levy and Assessment

✔ Legal Provisions

✔ Administrative Mechanism

✔ Non-recovery of Service Tax in certain situations

✔ Recovery of Service Tax

✔ Assessment Procedure of Service Tax in India

• Custom Duties

✔ Objectives Introduction

✔ Types of Duties

✔ Acts under the custom duty

✔ Rules and Regulations

✔ Restriction on Import and Export of Goods

✔ Illegal Imports and Illegal Exports

✔ Date of Determination of Duty and Tariff Valuations of Imported Goods

✔ Levy of Custom Duties

✔ Collection and Exemption from Custom Duties

• Valuation of Custom Goods

✔ Objectives Introduction

✔ Rules of the Agreement on Customs Valuation

✔ Main Standard: Transaction Value

✔ Five Other Standards

✔ Developing Countries and the Agreement

✔ Valuation of Goods

✔ Valuation Rules for Imported Good

• Clearance Procedure of Imported and Exported Goods

✔ Objectives Introduction

✔ Procedure for Clearance of Imported Goods

✔ Clearance Procedure of Exported Goods

• Warehousing and Duty Drawback

✔ Objectives Introduction

✔ Appointment and Registration of Warehouses

✔ Receipt of Goods at Warehouse

✔ Special Provisions with Respect to Goods Processed and Manufactured in Refineries

✔ Payment of Rent and Warehouse Dues

✔ Place of Registration of Warehouse

✔ Failure to Receive a Warehousing Certificate

✔ Duty Drawback

✔ How to Obtain Drawback?

✔ Payment of Drawback Claims

✔ Duty Drawback Under Section 19 BIS

• Central Sales Tax

✔ Objectives Introduction

✔ Important Features of the Act

✔ Important Definitions

✔ In the Course of Inter-state Trade

✔ Occasions Movement of Goods Section 3(a)

✔ Sale by Transfer of Documents Section 3(b)

✔ Sale or Purchase of Goods Outside a State

✔ Inter-state Sales Tax

✔ Intra-state Sales Tax

✔ Importance of VAT in India

✔ Sale or Purchase of Goods in the Course of Import and Export – Section 5

✔ Export of Goods out of India – Section 5(1)

✔ Deemed Exports Section 5(5)

✔ Liability to Tax on Inter-state Sales

✔ Rates of Tax

✔ Determination of Turnover

✔ Collection of Tax Section 9(A)

✔ Registration of Dealers

✔ Amendment of Certificate of Registration

✔ Cancellation of Certificate of Registration

✔ Procedures under CST Act

✔ Forms for Declarations

• Registration of Dealers

✔ Objectives Introduction

✔ Registration of Dealers

✔ Classification and Value

✔ Procedure of Assessment

✔ Types of Income Tax Return

✔ Types of Assessment

✔ Self Assessment U/S 140A

✔ Scrutiny Assessment U/S 143(3)

✔ Best Judgement Assessment U/S 144

✔ Income Escaping Assessment U/S 147

• Value Added Tax

✔ Objectives Introduction

✔ Value Added Tax (VAT)

✔ Difference between VAT and CST

✔ Features of Value Added Tax

✔ Main Features of VAT

✔ Computation of VAT

✔ VAT Rates

✔ Importance of VAT

✔ Advantages and Disadvantages of VAT

✔ Items covered under VAT

✔ Salient Features of VAT

✔ Methods of Collecting and Charging the VAT

✔ Levies of Tax under the VAT

✔ Who is the Dealer?

Table of content

• Getting started with Financial Statement Analysis

✔ Introduction

✔ What is Financial Statement Analysis?

✔ What are the different Financial Statements?

• Understanding Annual Report – Important Terms & Concepts

✔ Data Subscription Services

✔ Different Parts of Annual Reports

✔ Standalone vs Consolidated Financial Statements

✔ Auditor’s Report

✔ Accounting Policies

✔ Operating vs Non-Operating Items

✔ Understanding Float

✔ Reverse Float

✔ Understanding Fixed Assets

✔ Understanding Intangible Assets

✔ Major Business Segments

✔ Employee Benefit Expenses

• Common-size Analysis and cash flow Analysis

✔ Introduction to Analysis

✔ Common Size Analysis

✔ Cash Flow Statement Analysis

✔ Cash flow from Investing Activities

✔ Cash flow from Financing Activities

• Analysis of Balance Sheet – Working Capital & Short-Term Items

✔ Operating Working Capital

✔ Financial/Non-Operating Working Capital

• Analysis of Balance Sheet – Long term Assets

✔ Operating Assets and Non Operating Assets

✔ Fixed Assets

✔ Fixed Assets – CAPEX

✔ Intangible Assets

✔ Capital Work in Progress

✔ Long Term Investments

✔ Other Non Current Assets

• Long Term Borrowings

✔ Long Term Borrowings

✔ Long Term Provisions

✔ Other Long Term Liabilities

✔ Equity

✔ Return On Equity (ROE) Analysis

✔ Reserves and Surplus

• Analysis of Income Statement – Revenue and Expenses

✔ Revenue Growth

✔ Operating Asset Turnover Ratio

✔ Cost of Goods Sold

✔ Employee Benefit Expenses

✔ Depreciation and Amortization

✔ Other Operating Expenses

✔ Non-Operating Expenses

✔ Exceptional Items

✔ Margin and Growth Rates

✔ Taxes

• Analysis of Other Critical Sections

✔ ESOPs

✔ Leases

✔ Forwards/Derivatives

✔ Related Party Transactions

✔ Consolidation – Subsidiaries, Associates and JVs

✔ Segmental Analysis

✔ Discontinued Operations

✔ Conclusion

✔ Adding Sector – Specific KPIs

• Identifying Red Flags in Financial Reports

✔ Identifying Red Flags in Financial Reports

✔ Practice, Patience and Persistence