CA-IPCC Taxation by CA Raj K Agrawal

Taxes form an integral revenue source for the government, and taxpayers need to comply with various tax laws compulsorily. One of the seminal papers of Group 1 of CA Intermediate level, Taxation video course by CA Raj K Agrawal, helps students to develop an understanding of the provisions of Income Tax law, Goods and Services Tax law, and to use them accordingly in computation and application-related issues. The paper is divided into two sections. The first section deals with the various provisions of the Income Tax law: the essential definitions, different applicable tax rates, incomes under multiple heads, deductions from gross income, and tax liability computation. This section also covers the numerous provisions related to advance tax and tax deducted at source, and those concerning the filing of income tax return. The second section concerns itself with indirect taxes and delves explicitly into the GST law: its levy and collection, concepts of Input Tax Credit, time and value of supply, computation of GST liability, returns, registration process, among others.