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  • Course Outline - 104524

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    Nichole Angel Lei
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    This document outlines the key topics covered in an income taxation course, including principles of taxation, taxes on individuals, estates, trusts, partnerships, and corporations. It discusses determining gross income and allowable deductions for different types of income and business entities. The course covers definitions, sound tax systems, tax situs, income classifications, passive income, business income, deductions, estate and trust taxation, partnership taxation, corporate taxation, and detailed allowable deductions.

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    This document outlines the key topics covered in an income taxation course, including principles of taxation, taxes on individuals, estates, trusts, partnerships, and corporations. It discusses determining gross income and allowable deductions for different types of income and business entities. The course covers definitions, sound tax systems, tax situs, income classifications, passive income, business income, deductions, estate and trust taxation, partnership taxation, corporate taxation, and detailed allowable deductions.

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    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    11 views1 page

    Course Outline - 104524

    Uploaded by

    Nichole Angel Lei
    This document outlines the key topics covered in an income taxation course, including principles of taxation, taxes on individuals, estates, trusts, partnerships, and corporations. It discusses determining gross income and allowable deductions for different types of income and business entities. The course covers definitions, sound tax systems, tax situs, income classifications, passive income, business income, deductions, estate and trust taxation, partnership taxation, corporate taxation, and detailed allowable deductions.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
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    Income Taxation – Course Outline

    1. Principles of Taxation
    Definitions of Terms
    Principles of a Sound Tax System
    Limitations of the power of taxation
    Situs of taxation
    Classification and characters of taxes
    2. Tax on Individuals
    Passive Income
    Income from Compensation
    Income from Business/Practice of Profession
    Mixed Income
    Allowable Deductions
    3. Tax on Estate and Trust
    Determination of Income Tax
    4. Tax on Partnerships
    General Co-partnership and General Professional Partnership
    Determination of Income and Tax applicable
    5. Tax on Corporation
    Determination of Income Tax
    Types of applicable tax
    Allowable Deductions
    6. Gross Income
    Determination of Gross Income per line/type of business
    7. Allowable Deductions (Detailed)
    Types of Deductions
    Requisites for deductibility of expenses

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