CS Executive New Syllabus Tax Laws Important Topics. In the previous post, we have given tips on How to Prepare CS Executive New Syllabus Tax Laws. Today we are providing important Topics and Questions which should be prepare very well for CS Executive New Syllabus Tax Laws Paper.Scroll Down
CHAPTER WISE IMPORTANT TOPICS : Part I: Direct Tax (50 Marks)
Note: As June 2020 is 4th Attempt of CS Exams New Syllabus, We are providing you a Broader List of Important Topics so that you do not miss out on anything. Also this List is made keeping into view ICSI Study Material.
CS Executive New Syllabus Tax Laws Important Topics : Direct Taxes at a Glance
Characteristic of Good Taxation System
Canons Of Taxes
Economic significance of taxes
Differences between direct and indirect taxes
Briefly explain the tax structure in India
CS Executive New Syllabus Tax Laws Important Topics : Basic concepts of Income Tax
Definition of Assessee, Assessment Year, Previous Year
Capital And Revenue Receipts
Test Of Residency For Individuals, HUF And Company
Guiding Principles for Determination of Place of Effective Management (POEM) of a Company
Meaning And Scope Of Total Income
Income deemed to accrue or arise in India
Tax incidence vis-a-vis residential status
Computation Of Taxable Income And Tax Liability Of An Assessee
Distinguish between Resident and Not Ordinary Resident
CS Executive New Syllabus Tax Laws Important Topics : Incomes which do not form part of Total Income
(All such incomes are equally important but these are few of the most important; Most of them you will understand when you study Heads of Income)
Income from growing and manufacturing of tea
Share of profit received by a partner from the firm
Interest to non-residents
Interest on notified savings certificates
Leave travel concession
Salary of a foreign employee and non-resident member of crew
Partial withdrawal from NPS
Allowances for meeting business expenditure
Income of Minor
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CS Executive New Syllabus Tax Laws Important Topics : SALARY
Basis Of Charge
Fully Taxable Allowances
Allowances not fully taxable
Special Allowances u/s 10(14)
Treatment of Commuted Pension
Motor Cars – Perquistier Valuation
Deductions From Salary
CS Executive New Syllabus Tax Laws Important Topics : HOUSE PROPERTY
Determination Of Annual Value
Deemed to be let-out property
Notional income from house property held as stock in trade
What is the meaning of ‘Owner of House Property’ under Section 27 of the Income-tax Act, 1961?
In computing the income from house property what deductions are allowed from the net annual value?
How would you deal with the following while calculating the income under ‘Income from house property’: (a) Annual Charge. (b) Vacancy Allowance. (c) Unrealised Rent. (d) Income from house property situated in a foreign country.
Distinguish between Standard Rent and Expected Rent, Fair Rent and Annual Rent
CS Executive New Syllabus Tax Laws Important Topics : PROFIT AND GAINS FROM BUSINESS/PROFESSION
Income Chargeable To Tax Under The Head Business Or Profession
Ownership of Business is not Necessary for Taxability
Computation Of Profits Of Business Or Profession
Computation Of Income Under The Head “Profits And Gains From Business Or Profession
Repairs and insurance for Plant & Machinery, Furniture
Meaning of Block of Assets
Calculation of Written Down Value of a block of asset
Amortization of Preliminary Expenses
Certain Allowable Losses
Special Provision For Computing Profits And Gains Of Business On Presumptive Basis
This paper consists of two parts, namely Direct Tax and Indirect Tax.
The purpose of this subject is to impart conceptual understanding to the students of the provisions of the Direct Tax Laws (Income Tax) and Indirect Tax Laws (GST and Customs)
Company Secretaryship, being a professional course, the examination standards are set very high, with emphasis on knowledge of concepts, their applications, procedures under the tax laws and case laws therein.
Various tax implications may come into use in the corporate world and hence a CS should be well aware with the latest tax laws and amendments.
CS Executive New Syllabus Tax Laws Important Topics : Important Topics of CS Executive New Syllabus Exam
Here we are providing subject wise important topics to CS Executive students. See below How to prepare CS Executive Module – 1 and Module – 2. Click below links
CS Executive New Syllabus Module 1 Important Topics
How to Prepare CS Executive New Syllabus Module 1 ?