Tax Law

Features of Tax law are as follows

1. a) Constitutional Provisions – Arts. 265 to 289 – Scope of Tax Laws :
b) Tax and Fee. Capital Receipt and Revenue Receipt distinguished.

2. Direct Tax Laws: a)Income Tax Law: Historical out line, Definitions – ‘Income’ ‘Agriculture Income” ‘ Previous Year’ and ‘Assessee’
Incidence of Tax and Residential Status. Statutory exemptions (Ss 10 to 13A ) classification of Income and Heads of Income ( Ss 14 to 59):
b) Assessment (Ss.109 to 158)
1. Collection and Recovery of Tax ( Ss 19A – 234) by Bank Regulation Act 1949.
2. Double Taxation Relief/ Clubbing of Incomes ( Ss 50-66). Lawyers in coimbatore can help you with issues in Tax laws.

3. Income Tax Authorities, a)Settlement of cases (S.245).
b)Appeals and Revisions (Ss246-269),
c)Penalties,offences and Prosecution (Ss270 -280).

4. Wealth Tax Act: Definitions of Asset, Net Wealth. Valuation Date , Deemed Assets .
Exempted Assets.

5. Indirect Tax Laws

6. a) Central Sales Act.1956 – Historical outline – Definitions – A detailed study of S. 4 to 6A – Registration of Dealers –Liability in special cases (Ss 16 to 18):

7. A.P. General Sales Tax Act, 1957 –Definitions: Business – Dealer-Casual Dealer – Total turnover – Registration of dealers (S. 12)

8. VAT, Scope of VAT, problems and prospects in its application,

9. Sales Tax Authorities (Ss3 and 4)

10.Reforms in Law

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