SYALLABUS

TAXATION FOR PCC

Your syllabus for Taxation is divided in three parts. Let us have look at what is included
in your course and the level of knowledge required from you for this subject. First of all
please look at the three divisions of the syllabus:-

1. Income Tax -75 Marks

2. VAT and (3).Service Tax- 25 Marks

The major portion is income Tax and a very minor part of VAT and Service Tax (Both
are relatively new Taxation in our country) is added to your course to give some basic
knowledge of VAT and service tax. Any way the major thrust will be on Income Tax.

The level of knowledge expected from you for Income tax, VAT and service tax is only
working knowledge and your syllabus is :-

PART – I : INCOME TAX -75 MARKS

1. Important definitions under the income tax Act, 1961
2. Basis of charges; Rates of Taxes applicable for different types of assesses.
3. Concept of previous year and assessment year.
4. Residential status and scope of total income; income deemed to be received/ deemed to
accrue or arise in India.
5. Income which do not form part of the total income.
6. Heads of Income and provisions governing computation of total income under different
heads.
7. Income of other persons included in the assessees total income
8. Aggregation of income; set of or carry forward and set off of losses.
9. Deduction from gross total income.
10. Computation of total income and tax payable; rebate and reliefs.
11. Provisions concerning advance tax and tax deducted at source.
12. Provisions for filing of return of income.

PART II- SERVICE TAX AND VAT

1. Service Tax – Concept and General principals
2. Charge of service tax and taxable services
3. Valuation of Taxable service
4. Payment of service tax and filing of returns
5. VAT-Concept and General principles.

By:- CA Sudhir Halakhandi – (M)- 98280 67256 E-mail Sudhir@halakhandi.com

CA Ajay Sharma – (M) – 98280 67265 E-mail ajayajay_sharma1@rediffmail.com